Reading deepwater exploration and manufacturing company targeted on assembly the world’s growing 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 gas sector which can take place from October 18-21, 2022 in Cape Town.
As one of the lively worldwide independents driving exploration in Africa and fast monitoring the event of discovered hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s greatest occasion for the vitality sector – shall be key for any and all discussions around position the continent’s one hundred twenty five.three billion barrels of crude oil and 620 trillion cubic feet of gasoline reserves will play in offering entry to inexpensive and dependable energy to some 600 million folks which might be dwelling in power poverty across the region.
While oil and gas manufacturing has declined across the African continent as a end result of varied elements including a scarcity of adequate investments in exploration and delays in venture growth due to the COVID-19 pandemic, Kosmos Energy has emerged as a key player, boosting upstream actions and investments in each frontier and emerging markets.
pressure gauge 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 Africa making ready for an increase in gasoline manufacturing – to satisfy rising demand each regionally and globally, notably as regions corresponding to Europe are looking for various gas provides to diversify away from Russia – Kosmos Energy has emerged as a super and dependable partner to optimize exploration, challenge growth, 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 gas market growth to alleviate rising energy poverty while kickstarting sustainable socioeconomic progress because the energy transition intensifies.
“Kosmos Energy’s concentrate on utilizing innovation, expertise and a strong mindset on sustainable exploring for energy has led it to realize world-class discoveries in Africa. เพรสเชอร์เกจ have made it a degree to deliver together a staff with diverse ability units and backgrounds to serve in Africa. The management understands that their work in Africa isn’t only about markets, but finding critical options to 600 million without 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 challenge developments similar to GTA and Yakaar-Teranga in the MSGBC basin; the Ceiba and Okume fields, among different exploration blocks, in Equatorial Guinea; and the Jubilee subject in Ghana, Kosmos Energy is helping place the continent as a global energy hub, exploiting the assets that can help make energy poverty history by 2030.”
As a silver sponsor, Kosmos Energy will participate in high-level panel discussions and meetings, offering an replace on present 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 numerous networking boards to discuss the role of international independents in maximizing upstream, midstream and downstream actions as Africa seeks dependable companions to boost its oil and fuel market for vitality safety and GDP development.