KOSMOS ENERGY LTD. Notes to Consolidated Financial Statements (Continued) 7. Equity Method Investments (Continued) statements of operations as loss on equity method investments, net. During the twelve months ended December 31, 2017, we recorded an $11.5 million loss on equity method investment associated with KBSL. Equatorial Guinea As part of our acquisition of KTIPI, a corporate joint venture in which we own a 50% interest, we acquired the petroleum contract for Block G offshore Equatorial Guinea. The objective of this transaction was to acquire the Ceiba field and Okume complex with the intent to optimize production and increase reserves. Below is a summary of financial information for KTIPI. December 31, 2017 (In thousands) Assets Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 179,070 Property and equipment, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 345,611 Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 567 Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 525,248 Liabilities and shareholders’ equity Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 106,769 Total long term liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 565,591 Shareholders’ equity: Total shareholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (147,112) Total liabilities and shareholders’ equity . . . . . . . . . . . . . . . . . . . . $ 525,248 126