Reading deepwater exploration and manufacturing firm centered on assembly the world’s growing demand for vitality, 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 fuel sector which can take place from October 18-21, 2022 in Cape Town.
As one of the most active worldwide independents driving exploration in Africa and fast monitoring the development of found hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s largest event for the vitality sector – shall be key for any and all discussions around function the continent’s one hundred twenty five.three billion barrels of crude oil and 620 trillion cubic ft of fuel reserves will play in offering entry to inexpensive and dependable vitality to some 600 million people that are dwelling in power poverty throughout the region.
While oil and fuel production has declined throughout the African continent because of varied factors together with an absence of adequate investments in exploration and delays in venture improvement due to the COVID-19 pandemic, Kosmos Energy has emerged as a key participant, boosting upstream activities and investments in both frontier and emerging markets.
Exploration campaigns
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 past, Kosmos Energy – as certainly one of Africa’s high explorers – will assist drive the developments.
Moreover, with Africa getting ready for a rise in fuel manufacturing – to satisfy rising demand each regionally and globally, notably as regions such as Europe are looking for alternative gas supplies to diversify away from Russia – Kosmos Energy has emerged as a super and reliable companion to optimize exploration, project growth, manufacturing, infrastructure rollout and useful resource monetization.
Building blocks as the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) initiatives offshore Senegal and Mauritania are a robust testomony of the company’s commitment to speed up the continent’s gas market enlargement to alleviate rising power poverty whilst kickstarting sustainable socioeconomic growth because the energy transition intensifies.
“Kosmos Energy’s give attention to using innovation, technology and a powerful mindset on sustainable exploring for energy has led it to attain world-class discoveries in Africa. They have made it some extent to bring together a team with diverse talent sets and backgrounds to serve in Africa. The leadership understands that their work in Africa just isn’t only about markets, but finding crucial options to 600 million without entry to electrical energy and 900 million without clean cooking applied sciences,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), adding that, “By driving large-scale challenge developments corresponding to GTA and Yakaar-Teranga within the MSGBC basin; the Ceiba and Okume fields, amongst other exploration blocks, in Equatorial Guinea; and the Jubilee subject in Ghana, Kosmos Energy is helping place the continent as a worldwide 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 meetings, providing an replace on present and future exploration and manufacturing 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 forums to debate the function of international independents in maximizing upstream, midstream and downstream actions as Africa seeks reliable partners to boost its oil and gasoline marketplace for energy security and GDP development.
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