Reading pressure gauge and manufacturing firm targeted on assembly the world’s growing demand for vitality, Kosmos Energy has confirmed its silver sponsorship on the upcoming African Energy Week (AEW) convention and exhibition, Africa’s premier occasion for the oil and fuel sector which is able to take place from October 18-21, 2022 in Cape Town.
As one of the most active worldwide independents driving exploration in Africa and quick monitoring the event of found hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s greatest event for the power sector – might be key for any and all discussions round function the continent’s a hundred twenty five.3 billion barrels of crude oil and 620 trillion cubic feet of gasoline reserves will play in offering access to affordable and dependable power to some 600 million people which are dwelling in vitality poverty across the region.
While oil and fuel manufacturing has declined throughout the African continent as a outcome of various factors together with a scarcity of sufficient investments in exploration and delays in challenge growth because of the COVID-19 pandemic, Kosmos Energy has emerged as a key player, boosting upstream actions and investments in each frontier and emerging markets.
Exploration campaigns
A series of exploration campaigns launched by Kosmos Energy in Ghana, Equatorial Guinea, Mauritania and Senegal have revamped the continent’s upstream sector. With Africa set to witness an uptick in licensing rounds and exploration spending in 2022 and past, Kosmos Energy – as considered one of Africa’s high explorers – will help drive the developments.
Moreover, with Africa preparing for an increase in gas production – to fulfill rising demand both regionally and globally, significantly as regions similar to Europe are seeking various gasoline supplies to diversify away from Russia – Kosmos Energy has emerged as a super and dependable partner to optimize exploration, venture growth, manufacturing, infrastructure rollout and resource monetization.
Developments such because the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) initiatives offshore Senegal and Mauritania are a strong testament of the company’s dedication to speed up the continent’s gasoline market growth to alleviate rising vitality poverty whilst kickstarting sustainable socioeconomic progress as the energy transition intensifies.
“Kosmos Energy’s give consideration to utilizing innovation, expertise and a powerful mindset on sustainable exploring for power has led it to realize world-class discoveries in Africa. They have made it a point to convey together a team with various ability units and backgrounds to serve in Africa. The leadership understands that their work in Africa isn’t only about markets, however discovering critical options to 600 million without entry 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 corresponding to GTA and Yakaar-Teranga in the MSGBC basin; the Ceiba and Okume fields, amongst other exploration blocks, in Equatorial Guinea; and the Jubilee field in Ghana, Kosmos Energy is helping place the continent as a worldwide energy hub, exploiting the resources that will assist make vitality poverty historical past by 2030.”
As a silver sponsor, Kosmos Energy will participate in high-level panel discussions and meetings, offering an replace on present and future exploration and production projects. Under the theme ‘Exploring and Investing in Africa’s Energy Future whereas Driving an Enabling Environment,’ AEW 2022 will host Kosmos Energy in varied networking boards to discuss the position of international independents in maximizing upstream, midstream and downstream activities as Africa seeks dependable partners to spice up its oil and fuel market for power security and GDP progress.
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