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Kosmos takes a second slice off capex

1 month ago   |   By Energy Voice

Kosmos Energy has cut spending for a second time in a month and confirmed delays at the Tortue LNG project, where it works with BP.
The US company said it would reduce operating and capital expenditure in 2020 to $235 million, with plans for capex to be $200-225mn. In mid-March the company said capex would be under $250mn in 2020, down from the $325-375mn it had proposed at the end of February.
Savings would be made across the company's portfolio, it said, including the early termination of drilling work. Production expectations remain the same for the year.
Kosmos has also completed the...
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