Reading deepwater exploration and production firm centered on meeting the world’s growing demand for power, Kosmos Energy has confirmed its silver sponsorship at the upcoming African Energy Week (AEW) convention and exhibition, Africa’s premier event for the oil and fuel sector which is able 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 largest event for the power sector – will be key for any and all discussions round function the continent’s one hundred twenty five.three billion barrels of crude oil and 620 trillion cubic ft of fuel reserves will play in providing access to reasonably priced and reliable energy to some 600 million individuals which would possibly be dwelling in energy poverty throughout the area.
While oil and gasoline production has declined throughout the African continent due to numerous factors including 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 activities and investments in both frontier and emerging 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 Africa set to witness an uptick in licensing rounds and exploration spending in 2022 and past, Kosmos Energy – as one of Africa’s high explorers – will assist drive the developments.
Moreover, with Africa making ready for an increase in fuel production – to meet rising demand both regionally and globally, significantly as areas such as Europe are looking for alternative gasoline supplies to diversify away from Russia – Kosmos Energy has emerged as a super and dependable companion to optimize exploration, venture growth, production, infrastructure rollout and resource monetization.
Developments such because the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) tasks offshore Senegal and Mauritania are a strong testament of the company’s commitment to speed up the continent’s gas market expansion to alleviate rising power poverty while kickstarting sustainable socioeconomic development because the energy transition intensifies.
“Kosmos Energy’s concentrate on using innovation, know-how and a robust mindset on sustainable exploring for power has led it to realize world-class discoveries in Africa. They have made it some extent to convey collectively a team with various ability sets and backgrounds to serve in Africa. เครื่องวัดแรงดันเกจที่นิยมใช้ understands that their work in Africa is not only about markets, but finding critical options to 600 million without entry to electrical energy and 900 million without clean cooking technologies,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), including that, “By driving large-scale project developments similar to GTA and Yakaar-Teranga in the MSGBC basin; the Ceiba and Okume fields, amongst different exploration blocks, in Equatorial Guinea; and the Jubilee subject in Ghana, Kosmos Energy helps place the continent as a global power hub, exploiting the sources that will help make vitality poverty history by 2030.”
As a silver sponsor, Kosmos Energy will take part in high-level panel discussions and meetings, offering an update 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 various networking forums to discuss the function of worldwide independents in maximizing upstream, midstream and downstream actions as Africa seeks reliable partners to spice up its oil and gas marketplace for energy security and GDP growth.
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