In late 2017, Kosmos acquired five blocks offshore Côte d’Ivoire as part of an expansion of its exploration activities in the Gulf of Guinea. This area offshore Côte d’Ivoire is thought to be an extension of the Tano Basin in Ghana, which the Kosmos exploration team opened with the Jubilee oil discovery in 2007. Côte d’Ivoire’s offshore area provides an opportunity for Kosmos and its partner BP to formulate a frontier basin exploration strategy and pursue new technical themes. 51 K osmos and BP each acquired an equal 45%-45% working interest in five contiguous blocks covering approximately 17,000 square kilometers. PETROCI, the national oil company of Côte d’Ivoire, has a 10% carried working interest in the blocks as well. Kosmos is the exploration operator and BP will be the development operator in the event of a commercial discovery. A multi-client 3D seismic acquisition program covering approximately 12,000 square kilometers in Kosmos’ blocks was completed in 2018. Together with BP, we are now analyzing and interpreting the data. If this work yields promising results in the form of prospects indicating the potential presence of oil and gas in commercial quantities, then the two companies will decide where to drill an exploration well in the future. MANAGING OUR FOOTPRINT In 2019, Kosmos began the process of opening an office in Côte d’Ivoire and started building a small team of employees in Abidjan, including a local national as country manager. Kosmos also worked to deepen its knowledge of the operating environment in Côte d’Ivoire and establish relationships with key stakeholders in government, industry, NGOs and civil society – including the Côte d’Ivoire Extractive Industries Transparency Initiative (EITI). KOSMOS INNOVATION CENTER EXPANDS INTO CÔTE D’IVOIRE In 2018, we expanded the activities of the Kosmos Innovation Center (KIC) into Côte d’Ivoire with the launch of a comprehensive business accelerator program called Stimulating the Spirit of Entrepreneurship in Côte d’Ivoire. The accelerator aims to help young Ivorian entrepreneurs and small enterprises develop their businesses sustainably and unlock economic prosperity in the country’s coastal and other regions. The program was developed in partnership with the Direction Générale des Hydrocarbures (DGH) and is being delivered by TechnoServe, an international nonprofit that promotes business solutions to poverty in the developing world by linking people to information, capital and markets. Through the accelerator program, small enterprises led by women and men are learning how to overcome barriers to growth and how to build competitive businesses that generate wealth for fellow Ivoirians through improved sales and new job creation. More than 300 entrepreneurs in coastal communities have been selected to take part in the program. Over the course of four months, participants receive intensive business and managerial support training, financial consultancy, and one-to- one mentorship. After the four-month incubation period, all 300 entrepreneurs present their work to a jury. Around 180 will progress through this stage, and receive five months of additional support to help implement their business growth plan. Further training and mentoring is provided, as well as support to access financial institutions and funding. A participant in the new Kosmos Innovation Center program in Côte d’Ivoire brainstorms business strategy as part of her training. PRODUCTION OPTIMIZATION INFRASTRUCTURE- LED EXPLORATION DEVELOPMENT OF WORLD-SCALE DISCOVERIES BASIN-OPENING EXPLORATION BLOCK CI-526 BLOCK CI-602 BLOCK CI-603 BLOCK CI-707 BLOCK CI-708 Gulf of Guinea Côte d’Ivoire