Reading deepwater exploration and production company focused on meeting the world’s rising demand for energy, 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 gasoline sector which is in a position to take place from October 18-21, 2022 in Cape Town.
As some of the energetic worldwide independents driving exploration in Africa and fast monitoring the event of found hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s biggest event for the power sector – might be key for any and all discussions round function the continent’s 125.3 billion barrels of crude oil and 620 trillion cubic ft of gasoline reserves will play in providing entry to reasonably priced and reliable power to some 600 million individuals that are dwelling in vitality poverty throughout the region.
While oil and fuel production has declined throughout the African continent because of numerous elements together with a lack of sufficient investments in exploration and delays in project growth 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 เพชเชอร์เกจ set to witness an uptick in licensing rounds and exploration spending in 2022 and beyond, Kosmos Energy – as certainly one of Africa’s top explorers – will help drive the developments.
Moreover, with Africa getting ready for a rise in gas production – to satisfy rising demand each regionally and globally, particularly as regions corresponding to Europe are seeking different gas provides to diversify away from Russia – Kosmos Energy has emerged as a super and reliable partner to optimize exploration, challenge improvement, production, infrastructure rollout and useful resource monetization.
Developments such as the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) projects offshore Senegal and Mauritania are a powerful testomony of the company’s commitment to speed up the continent’s fuel market enlargement to alleviate growing vitality poverty while kickstarting sustainable socioeconomic growth as the power transition intensifies.
“Kosmos Energy’s focus on utilizing innovation, technology and a robust mindset on sustainable exploring for power has led it to achieve world-class discoveries in Africa. They have made it a degree to convey together a group with diverse talent units and backgrounds to serve in Africa. The management understands that their work in Africa just isn’t solely about markets, but finding important options to 600 million without entry to electricity and 900 million without clear cooking technologies,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), adding that, “By driving large-scale project 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 area in Ghana, Kosmos Energy is helping place the continent as a worldwide energy hub, exploiting the resources that may assist make vitality poverty history by 2030.”
As a silver sponsor, Kosmos Energy will participate in high-level panel discussions and conferences, providing an update on current 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 varied networking boards to discuss the function of international independents in maximizing upstream, midstream and downstream actions as Africa seeks dependable partners to boost its oil and gas market for power safety and GDP development.
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