Reading pressure gauge น้ำมัน and manufacturing firm targeted on assembly the world’s growing demand for power, 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 fuel sector which will take place from October 18-21, 2022 in Cape Town.
As one of the most energetic international independents driving exploration in Africa and fast monitoring the development of discovered hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s biggest occasion for the vitality sector – shall be key for any and all discussions around function the continent’s a hundred twenty five.three billion barrels of crude oil and 620 trillion cubic toes of fuel reserves will play in offering entry to inexpensive and reliable vitality to some 600 million individuals which are living in vitality poverty throughout the region.
While oil and fuel manufacturing has declined throughout the African continent as a outcome of various components together with an absence of adequate investments in exploration and delays in challenge improvement because of the COVID-19 pandemic, Kosmos Energy has emerged as a key participant, boosting upstream activities 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 beyond, Kosmos Energy – as considered one of Africa’s high explorers – will help drive the developments.
Moreover, with Africa getting ready for an increase in gas production – to fulfill rising demand each regionally and globally, significantly as regions such as Europe are in search of alternative gas supplies to diversify away from Russia – Kosmos Energy has emerged as a perfect and dependable partner to optimize exploration, challenge growth, manufacturing, infrastructure rollout and useful resource monetization.
Developments such as the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) tasks offshore Senegal and Mauritania are a powerful testomony of the company’s dedication to speed up the continent’s gas market growth to alleviate growing energy poverty while kickstarting sustainable socioeconomic growth as the power transition intensifies.
“Kosmos Energy’s concentrate on utilizing innovation, know-how and a powerful mindset on sustainable exploring for energy has led it to attain world-class discoveries in Africa. They have made it a point to bring together a team with various skill units and backgrounds to serve in Africa. The leadership understands that their work in Africa just isn’t only about markets, however finding crucial options to 600 million without entry to electrical energy and 900 million with out clean cooking applied sciences,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), adding that, “By driving large-scale project 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 area in Ghana, Kosmos Energy is helping position the continent as a world vitality hub, exploiting the resources that can assist make power poverty history by 2030.”
As a silver sponsor, Kosmos Energy will take part 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 numerous networking forums to debate the function of worldwide independents in maximizing upstream, midstream and downstream activities as Africa seeks reliable partners to spice up its oil and fuel market for vitality safety and GDP growth.