Reading deepwater exploration and production company focused on meeting the world’s rising demand for power, Kosmos Energy has confirmed its silver sponsorship at the upcoming African Energy Week (AEW) convention and exhibition, Africa’s premier event for the oil and gasoline sector which can take place from October 18-21, 2022 in Cape Town.
As Confidential of the active worldwide independents driving exploration in Africa and quick tracking the development of discovered hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s largest occasion for the energy sector – shall be key for any and all discussions around function the continent’s 125.3 billion barrels of crude oil and 620 trillion cubic toes of fuel reserves will play in providing access to inexpensive and dependable vitality to some 600 million people which may be living in vitality poverty across the area.
While oil and fuel production has declined across the African continent because of numerous factors together with a scarcity of sufficient investments in exploration and delays in project growth because of the COVID-19 pandemic, Kosmos Energy has emerged as a key player, boosting upstream actions and investments in both 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 beyond, Kosmos Energy – as certainly one of Africa’s top explorers – will assist drive the developments.
Moreover, with Africa getting ready for a rise in gas manufacturing – to fulfill rising demand both regionally and globally, notably as regions corresponding to Europe are looking for alternative gas provides to diversify away from Russia – Kosmos Energy has emerged as a super and dependable companion to optimize exploration, venture improvement, production, infrastructure rollout and useful resource monetization.
Developments such because the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) projects offshore Senegal and Mauritania are a powerful testament of the company’s commitment to speed up the continent’s gasoline market expansion to alleviate growing energy poverty whilst kickstarting sustainable socioeconomic growth because the energy transition intensifies.
“Kosmos Energy’s give attention to using innovation, expertise and a robust mindset on sustainable exploring for energy has led it to realize world-class discoveries in Africa. They have made it some extent to bring collectively a staff with diverse skill sets and backgrounds to serve in Africa. The leadership understands that their work in Africa isn’t solely about markets, but discovering crucial options to 600 million with out entry to electricity and 900 million without clean cooking technologies,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), including that, “By driving large-scale challenge developments such as GTA and Yakaar-Teranga in 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 world vitality hub, exploiting the sources that may help make energy poverty history by 2030.”
As a silver sponsor, Kosmos Energy will take part in high-level panel discussions and meetings, providing an replace on present and future exploration and production initiatives. Under the theme ‘Exploring and Investing in Africa’s Energy Future while Driving an Enabling Environment,’ AEW 2022 will host Kosmos Energy in varied networking boards to debate the role of worldwide independents in maximizing upstream, midstream and downstream activities as Africa seeks reliable companions to spice up its oil and fuel market for power security and GDP growth.
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