Kosmos Energy has announced significant progress in its operations offshore Ghana, with a new producer well at the Jubilee Field expected to boost national crude oil output in early 2026.
The company said the second producer well, J-74, under the ongoing 2025–2026 Jubilee Field development programme, has been successfully drilled and completed and is expected to come on stream shortly.
The well encountered approximately 50 metres of net pay and is projected to produce more than 10,000 barrels of oil per day. Once online, gross Jubilee production is expected to reach nearly 70,000 barrels per day.
Kosmos disclosed that Jubilee Field production averaged about 59,000 barrels per day during the fourth quarter of 2025, in line with expectations of a slowing natural decline.
The Jubilee partners have also approved five additional wells for drilling in 2026, including four producer wells and one injector, with drilling of the next well already underway.
In a further boost for Ghana’s petroleum sector, the Government of Ghana has approved licence extensions for the West Cape Three Points and Deep Water Tano Petroleum Agreements, which cover the Jubilee and TEN oil fields.
The agreements, now before Parliament for ratification, will extend operations to 2040. Under the revised terms, the Ghana National Petroleum Corporation’s (GNPC) stake in the fields will increase by an additional 10 per cent from July 2036.
As part of the licence extensions, the Jubilee development plan has been amended to allow for up to 20 additional wells, a move expected to increase reserves and extend the field’s productive life.
At the TEN Field, partners have agreed on final terms to acquire the Floating Production Storage and Offloading (FPSO) vessel at the end of its lease in 2027. Kosmos expects the acquisition to significantly reduce operating costs and strengthen the field’s long-term economics.
Kosmos Energy operates in Ghana as part of the Jubilee and TEN partnerships and is one of the country’s key offshore oil producers.
