Reading deepwater exploration and production firm centered on assembly the world’s rising demand for vitality, Kosmos Energy has confirmed its silver sponsorship on the upcoming African Energy Week (AEW) convention and exhibition, Africa’s premier event for the oil and gas sector which can take place from October 18-21, 2022 in Cape Town.
As one of the energetic worldwide independents driving exploration in Africa and quick tracking the event of found hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s greatest occasion for the energy sector – shall be key for any and all discussions round role the continent’s one hundred twenty five.3 billion barrels of crude oil and 620 trillion cubic toes of gasoline reserves will play in providing entry to inexpensive and reliable power to some 600 million individuals which would possibly be living in vitality poverty throughout the region.
While oil and fuel production has declined throughout the African continent as a outcome of varied factors including an absence of sufficient investments in exploration and delays in project development as a end result of COVID-19 pandemic, Kosmos Energy has emerged as a key participant, boosting upstream actions and investments in each frontier and rising markets.
Exploration campaigns
A collection of exploration campaigns launched by Kosmos Energy in Ghana, Equatorial Guinea, Mauritania and Senegal have revamped the continent’s upstream sector. With pressure gauge ลม set to witness an uptick in licensing rounds and exploration spending in 2022 and beyond, Kosmos Energy – as considered one of Africa’s top explorers – will assist drive the developments.
Moreover, with Africa making ready for an increase in fuel production – to satisfy rising demand each regionally and globally, particularly as areas such as Europe are seeking alternative gas provides to diversify away from Russia – Kosmos Energy has emerged as a perfect and dependable associate to optimize exploration, venture growth, production, infrastructure rollout and resource monetization.
Developments such as the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) initiatives offshore Senegal and Mauritania are a strong testomony of the company’s dedication to speed up the continent’s gas market growth to alleviate growing energy poverty while kickstarting sustainable socioeconomic development because the power transition intensifies.
“Kosmos Energy’s concentrate on using innovation, technology and a robust mindset on sustainable exploring for power has led it to attain world-class discoveries in Africa. They have made it a point to deliver together a group with numerous ability sets and backgrounds to serve in Africa. The leadership understands that their work in Africa just isn’t solely about markets, but finding crucial options to 600 million without access to electricity and 900 million without clear cooking technologies,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), including that, “By driving large-scale venture developments similar to GTA and Yakaar-Teranga within the MSGBC basin; the Ceiba and Okume fields, amongst different exploration blocks, in Equatorial Guinea; and the Jubilee field in Ghana, Kosmos Energy helps place the continent as a global vitality hub, exploiting the sources that will help make vitality poverty historical past by 2030.”
As a silver sponsor, Kosmos Energy will participate in high-level panel discussions and conferences, offering an replace on present and future exploration and manufacturing projects. Under the theme ‘Exploring and Investing in Africa’s Energy Future while Driving an Enabling Environment,’ AEW 2022 will host Kosmos Energy in numerous networking boards to discuss the role of international independents in maximizing upstream, midstream and downstream activities as Africa seeks reliable partners to boost its oil and gasoline marketplace for vitality safety and GDP growth.
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