Reading deepwater exploration and manufacturing firm targeted on meeting the world’s growing demand for vitality, Kosmos Energy has confirmed its silver sponsorship on the upcoming African Energy Week (AEW) conference and exhibition, Africa’s premier occasion for the oil and gasoline sector which will happen from October 18-21, 2022 in Cape Town.
As one of the active worldwide independents driving exploration in Africa and quick monitoring the event of discovered hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s biggest event for the power sector – shall be key for any and all discussions around role the continent’s one hundred twenty five.3 billion barrels of crude oil and 620 trillion cubic toes of gas reserves will play in providing entry to affordable and dependable power to some 600 million folks which are living in energy poverty throughout the area.
While oil and fuel production has declined throughout the African continent due to varied factors together with a lack of enough investments in exploration and delays in challenge growth because of the COVID-19 pandemic, Kosmos Energy has emerged as a key participant, boosting upstream actions and investments in each 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 top explorers – will help drive the developments.
Moreover, with Africa getting ready for an increase in gasoline manufacturing – to meet rising demand each regionally and globally, notably as regions such as Europe are in search of alternative gasoline provides to diversify away from Russia – Kosmos Energy has emerged as a super and dependable partner to optimize exploration, venture development, manufacturing, infrastructure rollout and resource monetization.
Developments such because the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) tasks offshore Senegal and Mauritania are a strong testomony of the company’s dedication to speed up the continent’s fuel market enlargement to alleviate rising energy poverty while kickstarting sustainable socioeconomic progress as the vitality transition intensifies.
“ ตัววัดแรงดัน ’s focus on utilizing innovation, technology and a powerful mindset on sustainable exploring for vitality has led it to attain world-class discoveries in Africa. They have made it some extent to deliver together a group with diverse skill units and backgrounds to serve in Africa. The management understands that their work in Africa isn’t only about markets, however discovering crucial options to 600 million with out access to electrical energy and 900 million with out clear cooking technologies,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), adding that, “By driving large-scale venture developments similar to GTA and Yakaar-Teranga within the MSGBC basin; the Ceiba and Okume fields, among other exploration blocks, in Equatorial Guinea; and the Jubilee subject in Ghana, Kosmos Energy helps place the continent as a worldwide power hub, exploiting the resources that can assist make power poverty historical past by 2030.”
As a silver sponsor, Kosmos Energy will take part in high-level panel discussions and conferences, offering an update on current and future exploration and production tasks. Under the theme ‘Exploring and Investing in Africa’s Energy Future whereas Driving an Enabling Environment,’ AEW 2022 will host Kosmos Energy in various networking forums to discuss the function of worldwide independents in maximizing upstream, midstream and downstream activities as Africa seeks dependable partners to spice up its oil and gas marketplace for power security and GDP progress.
Share