Reading deepwater exploration and production firm focused on meeting the world’s growing demand for energy, 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 gas sector which is able to take place from October 18-21, 2022 in Cape Town.
As some of the active international independents driving exploration in Africa and quick monitoring the development of found hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s greatest event for the energy sector – shall be key for any and all discussions round role the continent’s one hundred twenty five.three billion barrels of crude oil and 620 trillion cubic ft of fuel reserves will play in providing access to reasonably priced and dependable power to some 600 million people that are living in energy poverty across the region.
While oil and gas manufacturing has declined throughout the African continent due to varied factors including a lack of adequate investments in exploration and delays in project improvement due to the COVID-19 pandemic, Kosmos Energy has emerged as a key participant, boosting upstream activities and investments in each frontier and emerging markets.
A sequence 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 prime explorers – will assist drive the developments.
Moreover, with Africa getting ready for a rise in gas manufacturing – to satisfy rising demand both regionally and globally, particularly as areas such as Europe are looking for various gas provides to diversify away from Russia – Kosmos Energy has emerged as a super and reliable partner to optimize exploration, challenge growth, manufacturing, infrastructure rollout and useful resource monetization.
Developments such because the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) initiatives offshore Senegal and Mauritania are a powerful testament of the company’s commitment to accelerate the continent’s gas market enlargement to alleviate growing energy poverty while kickstarting sustainable socioeconomic development as the energy transition intensifies.
“Kosmos Energy’s give consideration to using innovation, know-how and a strong mindset on sustainable exploring for power has led it to achieve world-class discoveries in Africa. They have made it some extent to convey collectively a group with various skill sets and backgrounds to serve in Africa. The leadership understands that their work in Africa just isn’t solely about markets, but finding important 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 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 area in Ghana, Kosmos Energy is helping position the continent as a world power hub, exploiting the resources that may assist make power poverty historical past 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 manufacturing initiatives. Under เพรสเชอร์เกจ4นิ้ว and Investing in Africa’s Energy Future while Driving an Enabling Environment,’ AEW 2022 will host Kosmos Energy in numerous networking boards to debate the function of worldwide independents in maximizing upstream, midstream and downstream actions as Africa seeks dependable companions to boost its oil and fuel market for power safety and GDP development.