Reading deepwater exploration and manufacturing firm focused 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 event for the oil and gasoline sector which can take place from October 18-21, 2022 in Cape Town.
As one of the most active worldwide independents driving exploration in Africa and fast tracking the event of found hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s largest event for the power sector – will be key for any and all discussions around position the continent’s 125.3 billion barrels of crude oil and 620 trillion cubic ft of gasoline reserves will play in offering access to reasonably priced and dependable power to some 600 million folks that are residing in vitality poverty across the region.
While oil and fuel production has declined across the African continent as a end result of varied components together with a lack of enough investments in exploration and delays in challenge improvement as a end result of COVID-19 pandemic, Kosmos Energy has emerged as a key participant, boosting upstream activities and investments in both frontier and rising 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 pressure gauge octa set to witness an uptick in licensing rounds and exploration spending in 2022 and past, Kosmos Energy – as considered one of Africa’s prime explorers – will assist drive the developments.
Moreover, with Africa preparing for a rise in gasoline manufacturing – to meet rising demand both regionally and globally, notably as regions such as Europe are looking for various fuel provides to diversify away from Russia – Kosmos Energy has emerged as a perfect and dependable associate to optimize exploration, venture improvement, manufacturing, infrastructure rollout and resource monetization.
Developments such because the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) projects offshore Senegal and Mauritania are a robust testament of the company’s commitment to accelerate the continent’s fuel market growth to alleviate growing vitality poverty while kickstarting sustainable socioeconomic progress because the power transition intensifies.
“Kosmos Energy’s focus on utilizing innovation, know-how and a powerful mindset on sustainable exploring for power has led it to attain world-class discoveries in Africa. They have made it some extent to deliver together a group with various talent sets and backgrounds to serve in Africa. The management understands that their work in Africa is not only about markets, however finding important options to 600 million with out access to electricity and 900 million with out clean cooking applied sciences,” 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 in the MSGBC basin; the Ceiba and Okume fields, among other exploration blocks, in Equatorial Guinea; and the Jubilee field in Ghana, Kosmos Energy is helping position the continent as a world energy hub, exploiting the resources that will help make energy poverty historical past by 2030.”
As a silver sponsor, Kosmos Energy will participate in high-level panel discussions and conferences, offering an update on present and future exploration and production tasks. 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 debate the role of international independents in maximizing upstream, midstream and downstream actions as Africa seeks dependable partners to boost its oil and gas marketplace for power safety and GDP progress.
Share