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Kosmos Energy Ltd on Monday said it remains on track to deliver its 2026 targets after reporting operational and financial performance in the first half. In Ghana, the J76 well has come online with initial production of around 20,000 barrels of oil per day. Jubilee production in the second quarter of 2026 was around 72,000 bopd, with an exit rate above 85,000 bopd. Meanwhile, the J77 well has been completed and is expected to start production imminently. Kosmos Energy added that the Greater Tortue Ahmeyim liquefied natural gas project in Mauritania and Senegal ‘continues to perform strongly’ with nine LNG cargos lifted in the second quarter, at the upper end of guidance. The company said net debt has fallen by more than $400 million since the end of 2025 to around $2.56 billion, and it remains on track to reduce net debt by around 20% year-on-year by the end of 2026. Andrew Inglis, chair & chief executive officer, said: ‘We continue to execute on the key priorities I outlined with our full year results in early March - growing production, reducing costs and paying down debt. Initial results from the 2026 Ghana drilling program, in particular J76, highlight the potential of Jubilee with high-impact wells, supported by both modern seismic and enhanced reservoir modelling. With strong operational and financial performance in the first half of the year, we remain well placed to deliver our targets for the year.’ Kosmos Energy shares rose 3.4% to 155.14 pence each on Monday just before noon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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