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Oil and gas companies

Kosmos Energy

Kosmos Energy is a full-cycle deepwater independent oil and gas exploration and production company focused on the Atlantic margins. The company’s key assets include production offshore in Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as a world-class gas development offshore in Mauritania and Senegal. Kosmos is headquartered in Dallas, Texas and listed on the New York and London Stock Exchanges. The company works to supply the energy needed today to meet growing demand around the world. It also aims to find and develop cleaner energy to advance the energy transition.

Kosmos believes strong environmental, social and governance (ESG) performance is critical to meet our responsibilities to all stakeholders in a sustainable and transparent way. This applies across the value chain, from reporting payments to governments and publishing all our contracts with host governments, to innovative investments in local communities, to how we are managing climate change risk and our role in the energy transition.

Sophie Durham Senior Advisor, Climate Change and Public Policy, Kosmos Energy

Strengthening transparency

Kosmos discloses payments to governments at the project level, as described in the European Union Accounting Directive. As part of Kosmos' strategy to engage in public policy dialogues in the US and UK, in October 2015, Kosmos submitted a comment letter, to the United States Securities and Exchange Commission (SEC). The SEC rulemaking process for Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, requires US-listed companies to disclose payments to the US and foreign governments as a standard part of their reporting to the SEC. The company reiterated its position on these topics in a statement in February 2017 and with two further letters to the SEC. A letter sent in March 2018 available here and a letter sent in February 2020 available here.

In 2017 Kosmos submitted a letter to the United Kingdom Department for Business, Energy and Industrial Strategy, welcoming the UK government's efforts to enhance transparency in the oil, gas and mining sectors. 

Engagement with the EITI

Kosmos supports the implementation of the EITI Standard as a member of  EITI's multi-stakeholder groups (MSGs). It is an active member of the MSG in São Tomé and Príncipe and was previously a member of the MSG in Ghana, Mauritania and Suriname. Kosmos has regular engagement with EITI National Committees in other countries of operation such as Senegal. The company facilitates exchanges between EITI processes in different countries, for example between Senegal, Ghana, Mauritania and Suriname. Kosmos promotes the implementation of the EITI with host governments. For instance, it supported Suriname’s original EITI application.

The company collaborates with the EITI on information-sharing and capacity building projects in a number of countries and advocates for greater extractive industries transparency internationally. To do this, Kosmos engages in public policy dialogues in the United States and the United Kingdom, speaks about its approach to transparency at international events and advocates for the adoption of the EITI Standard in countries of operation that are not already members.

Kosmos supports contract transparency and believes it helps to build trust with governments and civil society in the countries where the company works. Kosmos believes that this, in turn, creates greater stakeholder support for its activities, and in the long run, a more stable and supportive operating environment. The company publishes all contracts with host governments on its website.  

Read more about Kosmos' contract transparency policy on Kosmos' website and the  EITI's website.

Company assessment

Download the results of the 2023 assessment of company progress in meeting the Expectations for EITI supporting companies.

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