Reading deepwater exploration and manufacturing company centered on meeting the world’s rising demand for power, Kosmos Energy has confirmed its silver sponsorship at the upcoming African Energy Week (AEW) conference and exhibition, Africa’s premier event for the oil and gas sector which will happen from October 18-21, 2022 in Cape Town.
As one of the most lively worldwide independents driving exploration in Africa and fast tracking the development of found hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s largest occasion for the energy sector – will be key for any and all discussions around role the continent’s one hundred twenty five.three billion barrels of crude oil and 620 trillion cubic toes of fuel reserves will play in offering entry to reasonably priced and dependable vitality to some 600 million people which might be living in vitality poverty across the region.
While oil and gas production has declined throughout the African continent as a outcome of varied components including a scarcity of adequate investments in exploration and delays in challenge development because of the COVID-19 pandemic, Kosmos Energy has emerged as a key player, boosting upstream actions and investments in both frontier and rising markets.
Exploration campaigns
A collection 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 one of Africa’s top explorers – will help drive the developments.
Moreover, with Africa getting ready for an increase in fuel manufacturing – to satisfy rising demand both regionally and globally, particularly as regions similar to Europe are seeking different gasoline provides to diversify away from Russia – Kosmos Energy has emerged as a super and reliable associate to optimize exploration, challenge improvement, manufacturing, infrastructure rollout and useful resource monetization.
Developments such as the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) initiatives offshore Senegal and Mauritania are a strong testament of the company’s commitment to accelerate the continent’s gas market growth to alleviate growing energy poverty whilst kickstarting sustainable socioeconomic development as the energy transition intensifies.
“ pressure gauge น้ำ ’s concentrate on 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 a point to convey together a staff with various skill units and backgrounds to serve in Africa. The leadership understands that their work in Africa is not only about markets, however finding important options to 600 million without entry to electrical energy and 900 million with out clean cooking technologies,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), including that, “By driving large-scale venture developments such as GTA and Yakaar-Teranga in the MSGBC basin; the Ceiba and Okume fields, among different exploration blocks, in Equatorial Guinea; and the Jubilee field in Ghana, Kosmos Energy helps place the continent as a global vitality hub, exploiting the assets that can help make energy poverty historical past by 2030.”
As a silver sponsor, Kosmos Energy will participate in high-level panel discussions and meetings, providing an update on present and future exploration and production projects. Under the theme ‘Exploring and Investing in Africa’s Energy Future while Driving an Enabling Environment,’ AEW 2022 will host Kosmos Energy in numerous networking boards to discuss the position of worldwide independents in maximizing upstream, midstream and downstream activities as Africa seeks reliable partners to boost its oil and gasoline market for vitality safety and GDP growth.
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