PROJECT

Projects

Environmental & Social Review Summary

Project Number

27550

Company Name

Kosmos Energy

Date ESRS Disclosed

Dec 22, 2008

Country

Ghana

Region

Africa

Last Updated Date

Jun 3, 2021

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Feb 19, 2009
Signed : Jun 30, 2009
Invested : Nov 5, 2009

Sector

Oil and Gas Production (Includes Development)

Industry

Metals and Mining

Department

Gbl Infrastructure & Natural Resources

Project Description

Kosmos Energy Ghana HC is indirectly wholly owned by Kosmos Energy Holdings, a privately-held Cayman Island company. Affiliates under common control with the Company hold exploration acreage positions across multiple blocks offshore West Africa, principally in Ghana but also in Benin, Cameroon, Morocco, and Nigeria. In June 2007, its exploration work led to the discovery of the Jubilee oil field offshore of Ghana. The Project involves the first phase of development (“Phase 1”) of the Jubilee field. It involves the drilling of 17 wells (nine production wells, five water injection wells, and three gas injection wells), sub-sea production installations and leasing of a floating production, storage and offloading (FPSO) vessel for processing, storage and handling of crude. Initial estimated gross production capacity is 120,000 barrels of oil per day (bopd) and will increase as the field is further developed and more reserves are proven.

Overview of IFC's Scope of Review

IFC’s review of this project consisted of appraising technical, environmental and social information submitted by the project Sponsor, including a review of the: - Environmental and Social Evaluation Report for Lenders (“ESER”); - Action, Contingency and Management Plan (“ACMP”); - Preliminary Public Consultation and Disclosure Plan (“PCDP”); - Preliminary Social Reconciliation Plan (“SRP”); - Jubilee Project EHS Management Framework (“EHSMF”); and - additional information provided by the company to supplement the ESER. IFC’s review also included a review of other information relevant to the presence in the project area of endangered marine species, such as http://seamap.env.duke.edu/species In addition, IFC has held discussions with Kosmos Energy Ghana HC (“Kosmos” or the “Company”), its consultants, Continental Shelf Associates (CSA) International, and the Unit Operator, Tullow Oil plc. The ESER and ACMP are being disclosed with this ESRS and locally. As discussed below, the ESER is based on a desk review of the project site and on-shore support area. Its development was entirely separate from the social and environmental assessment process being undertaken for the Government of Ghana approval of the Jubilee field project (the “Project”). *** The ESRS is for IFC's lending purposes and it does not replace/encompass Ghana’s Environmental Protection Agency local processes. A separate ESIA will be conducted and disclosed by Tullow Oil, the Unit Operator *** Kosmos is one partner in the development of the Jubilee field. Tullow Oil (“Tullow” or “Unit Operator”) is responsible for developing an Environmental and Social Impact Assessment (the “ESIA”) and obtaining, based on the ESIA, an Environmental Permit from Ghana’s Environmental Protection Agency (the “EPA”). The Unit Operator is developing further Project appraisal documents, such as a detailed Environmental Baseline Survey, as part of the ESIA process, which will be publicly disclosed in due course. The Project participants are developing joint operational plans and procedures, which IFC will review as part of its investment approval and supervision of the Project. The mitigating measures listed in the Environmental and Social Action Plan, which are attached to this ESRS, and the ACMP may be amended following completion of the ESIA. The Company will use its reasonable endeavors, to the extent possible by exercising its contractual voting rights under the joint operating agreements, to ensure that the Project implements the specific agreed measures described in following sections.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Client Documentation

File Name Actions
ESER20Dec08.pdf
Kosmos ESAP Update 100709.pdf