Reading deepwater exploration and production company targeted on meeting the world’s growing demand for power, Kosmos Energy has confirmed its silver sponsorship at the upcoming African Energy Week (AEW) conference and exhibition, Africa’s premier occasion for the oil and gas sector which can take place from October 18-21, 2022 in Cape Town.
As one of the most energetic worldwide 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 event for the vitality sector – might be key for any and all discussions round function the continent’s 125.three billion barrels of crude oil and 620 trillion cubic toes of gas reserves will play in offering access to inexpensive and reliable vitality to some 600 million people which are living in power poverty across the region.
While oil and gas production has declined throughout the African continent as a end result of numerous elements together with an absence of adequate investments in exploration and delays in project development due to the COVID-19 pandemic, Kosmos Energy has emerged as a key player, 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 certainly one of Africa’s high explorers – will help drive the developments.
Moreover, with ไดอะแฟรม getting ready for an increase in gas production – to fulfill rising demand both regionally and globally, notably as areas such as Europe are seeking different fuel supplies to diversify away from Russia – Kosmos Energy has emerged as a perfect and reliable partner to optimize exploration, project growth, manufacturing, infrastructure rollout and resource monetization.
Developments such as the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) initiatives offshore Senegal and Mauritania are a robust testament of the company’s commitment to accelerate the continent’s gasoline market growth to alleviate rising vitality poverty whilst kickstarting sustainable socioeconomic development because the energy transition intensifies.
“Kosmos Energy’s focus on using innovation, technology and a strong mindset on sustainable exploring for energy has led it to achieve world-class discoveries in Africa. They have made it some extent to deliver collectively a group with diverse ability sets and backgrounds to serve in Africa. The leadership understands that their work in Africa is not only about markets, however discovering important solutions to 600 million with out access to electrical energy and 900 million without clear cooking applied sciences,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), including that, “By driving large-scale venture developments corresponding to GTA and Yakaar-Teranga in the MSGBC basin; the Ceiba and Okume fields, among other exploration blocks, in Equatorial Guinea; and the Jubilee subject in Ghana, Kosmos Energy is helping position the continent as a world energy hub, exploiting the sources that can assist make power poverty history by 2030.”
As a silver sponsor, Kosmos Energy will participate in high-level panel discussions and conferences, offering an update on current and future exploration and manufacturing 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 boards to discuss the role of worldwide independents in maximizing upstream, midstream and downstream actions as Africa seeks dependable companions to boost its oil and gas marketplace for vitality safety and GDP development.
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