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Additional Financial Information
12 Months Ended
Dec. 31, 2016
Additional Financial Information  
Additional Financial Information

15. Additional Financial Information

Accrued Liabilities

Accrued liabilities consisted of the following:

 

 

 

 

 

 

 

 

 

 

    

 

December 31,

 

 

   

 

2016

   

2015

 

 

 

 

(In thousands)

 

Accrued liabilities:

 

 

 

 

 

 

 

 

Exploration, development and production

 

 

$

76,194

 

$

111,064

 

General and administrative expenses

 

 

 

31,243

 

 

24,839

 

Interest

 

 

 

17,247

 

 

17,512

 

Income taxes

 

 

 

2,579

 

 

3,418

 

Taxes other than income

 

 

 

1,914

 

 

3,064

 

Other

 

 

 

529

 

 

 —

 

 

 

 

$

129,706

 

$

159,897

 

 

Other Income

Other income consisted of $74.8 million of Loss of Production Income (“LOPI”) proceeds related to the turret bearing issue on the Jubilee FPSO for the year ended December 31, 2016.

 

Facilities Insurance Modifications

 

Facilities insurance modifications consist of costs associated with the long-term solution to convert the FPSO to a permanently spread moored facility which we expect to recover from our insurance policy. Insurance reimbursement of these costs, if any, will also be recorded to this line.

 

Other Expenses, Net

 

Other expenses, net incurred during the period is comprised of the following:

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

2016

    

2015

    

2014

 

 

(In thousands)

 

Inventory write-off

$

14,900

 

$

36

 

170

 

(Gain) loss on insurance settlements - riser

 

(4,003)

 

 

4,151

 

 

 —

 

Disputed charges and related costs

 

11,299

 

 

 —

 

 

 —

 

Other, net

 

920

 

 

1,059

 

 

1,911

 

Other expenses, net

$

23,116

 

$

5,246

 

$

2,081

 

 

The disputed charges and related costs are expenditures arising from Tullow Ghana Limited’s contract with Seadrill for use of the West Leo drilling rig once partner-approved 2016 work program objectives were concluded. Tullow has charged such expenditures to the Deepwater Tano (“DT”) joint account. Kosmos disputes that these expenditures are chargeable to the DT joint account on the basis that the Seadrill West Leo drilling rig contract was not approved by the DT operating committee pursuant to the DT Joint Operating Agreement.