Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Page 17
Page 18
Page 19
Page 20
Page 21
Page 22
Page 23
Page 24
Page 25
Page 26
Page 27
Page 28
Page 29
Page 30
Page 31
Page 32
Page 33
Page 34
Page 35
Page 36
Page 37
Page 38
Page 39
Page 40
Page 41
Page 42
company and serve as a sounding board as we work to support Ghanas needs as a developing economy. Members of the council were selected for their business knowledge independent and diverse points of view and history of working successfully in Ghana. By listening to the advice and insights of these business leaders Kosmos will play a more active role in helping Ghana develop the full potential of its oil and gas resources. There is natural alignment between Kosmos and Ghana when it comes to creating a well-managed and increasingly productive petroleum sector. Members of the advisory council include Philippe Ayivor a retired executive of The Coca-Cola Company Felix Addo Country Senior Partner of PricewaterhouseCoopers Ghana Seth Kwasi Dei Founder of Leasafric and Blue Skies Ghana Limited and Ishmael E. Yamson non-executive Chairman of Unilever Ghana Limited and Standard Chartered Bank Ghana Limited and former Chairman of Ghana Investment Promotion Centre GIPC. Transparency Kosmos believes resource revenues are more likely to be managed in the best interests of a country if payments and receipts are made transparently and if accountability measures are in place for the use of these revenues. Ideally this process is underpinned by a national dialogue in which industry plays its part with government and civil society. In 2014 Ghana completed its third EITI oil and gas reporting cycle and has been an EITI Compliant Country since 2010. The multi-year collaboration between industry government and civil society has created a smooth process and we are proud to have been part of this important step taken by the Ghanaian government. We continue to serve on the national multi-stakeholder steering committee in addition to reporting data to Ghana EITI. In another demonstration of our commitment to transparency and industry accountability Kosmos supported the Ghana Journalists Awards in the Anti-Corruption and Business reporting categories. Engaging with the Ghanaian public on the oil and gas industry Managing public expectations following an oil and gas discovery is one of the main challenges facing international oil companies and host governments. It is common for people to expect a countrys fortunes to change overnight and media coverage in the wake of a discovery can sometimes fuel this type of speculation in the absence of a more informed public dialogue. Similarly lack of credible information about how the oil and gas industry works can result in misconceptions about the industry. Knowing that stakeholders in Ghana have been eager for more information about the industry our activities and the current status of Jubilee field and Kosmos has a healthy and realistic understanding that its continued success is linked to the promise of Ghanas future. The creation of an independent advisory council is a strong signal that Kosmos takes this matter seriously and wants to better understand local perspectives challenges and opportunities. Ishmael E. Yamson Member of the Kosmos Energy Ghana Advisory Council The Western Regional Coordinating Council at the First Western Regional Business and Financial Services Excellence Awards presented Kosmos Energy with the only award in the oil and gas sector recognizing our immense contribution to the economic development of the Western Region. 14 COUNTRY SPOTLIGHT GHANA