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The Chief ExecutiveOfficer of Kosmos Energy, Brian Maxted is among the highest paid Chief
Executive Officers in Texas, a state in the United States of America.
Longnecker & Associates, a Houston-based consulting
firm that compiled compensation data of Chief Executive Officers in the area
puts Mr Maxted’s annual salary for 2012 at $57.55 million.
Kosmos Energy is one of the Jubilee Oilfield partners.
The oil company currently holds an 18 percent interest in the Deep-water Tano
Block offshore Ghana.
Brad Whitmarsh, Vice President of investor relations for
Kosmos told the consulting firm that Mr Maxted’s compensation was approved by
company shareholders. He further explained that 2011 was a unique year for
Kosmos, highlighted by its transition from an eight-year-old private company to
a public one with an initial public offering in May.
Kosmos made a major crude oil discovery off the coast of
Ghana in 2007 and had its first crude oil sales in 2011, resulting in $666.9
million in revenue. Whitmarsh characterized the pay package as the recognition
of an “exceptional milestone in our history.”
“The compensation package was a long-term award, vesting
over multiple years. It aligns management interest with the interest of
shareholders,” Whitmarsh said.
Brian F. Maxted is a leading oil and gas explorationist
with an impressive record of discoveries and worldwide experience in the
upstream petroleum business. In his prior role as Kosmos chief operating
officer, Maxted directed the company’s exploration-led strategy, which led to
the discovery of the Jubilee Field offshore Ghana, one of West Africa’s most
important finds in the last decade.
Before co-founding Kosmos in 2003, he was senior vice
president of exploration for Triton Energy, where he led a series of
discoveries offshore Equatorial Guinea. He also managed the discovery of
several large gas/condensate fields by Carigali-Triton Operating Company in the
Malaysia-Thailand Joint Development Area and the discovery and confirmation of
Colombia’s giant Cusiana and Cupiagua oil fields. Following the sale of Triton
to Amerada Hess Corporation (now Hess Corporation), Maxted oversaw continued
Hess exploration success in Equatorial Guinea as senior vice president of
global exploration and new ventures.
He also led the company’s Gulf of Mexico deepwater
strategy. Prior to its recent acquisition, Maxted was a member of the board of
directors of Broad Oak Energy, a company that focuses on improving recovery
from mature U.S. onshore oil-and-gas producing regions. He holds a master’s
degree in organic geochemistry and petrology from the University of
Newcastle-upon-Tyne and a bachelor of science in geology from the University of
Sheffield.
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