Reading deepwater exploration and production firm centered on assembly 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 fuel sector which will take place from October 18-21, 2022 in Cape Town.
As one of the active international independents driving exploration in Africa and quick 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 energy sector – might be key for any and all discussions round function the continent’s one hundred twenty five.3 billion barrels of crude oil and 620 trillion cubic feet of fuel reserves will play in offering entry to inexpensive and reliable vitality to some 600 million individuals which would possibly be residing in vitality poverty throughout the region.
While oil and fuel production has declined across the African continent due to numerous factors including a lack of sufficient investments in exploration and delays in challenge improvement as a result of COVID-19 pandemic, Kosmos Energy has emerged as a key participant, boosting upstream activities and investments in each frontier and rising markets.
Exploration campaigns
A sequence 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 one of Africa’s top explorers – will help drive the developments.
Moreover, with Africa getting ready for an increase in fuel manufacturing – to satisfy rising demand each regionally and globally, significantly as areas such as Europe are looking for different fuel supplies to diversify away from Russia – Kosmos Energy has emerged as a super and reliable partner to optimize exploration, venture improvement, manufacturing, infrastructure rollout and useful resource monetization.
Developments such because the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) initiatives offshore Senegal and Mauritania are a powerful testomony of the company’s dedication to speed up the continent’s fuel market expansion to alleviate rising energy poverty while kickstarting sustainable socioeconomic growth as the energy transition intensifies.
“ Backed ’s focus on using innovation, expertise and a robust mindset on sustainable exploring for vitality has led it to achieve world-class discoveries in Africa. They have made it a degree to convey collectively a team with various talent sets and backgrounds to serve in Africa. The leadership understands that their work in Africa isn’t only about markets, but discovering important solutions to 600 million with out access to electricity and 900 million without clear cooking applied sciences,” 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 within the MSGBC basin; the Ceiba and Okume fields, amongst other exploration blocks, in Equatorial Guinea; and the Jubilee field in Ghana, Kosmos Energy is helping position the continent as a worldwide energy hub, exploiting the sources that can help make energy poverty history by 2030.”
As a silver sponsor, Kosmos Energy will participate in high-level panel discussions and conferences, providing an update on present and future exploration and manufacturing projects. Under the theme ‘Exploring and Investing in Africa’s Energy Future while Driving an Enabling Environment,’ AEW 2022 will host Kosmos Energy in numerous networking forums to debate the role of international independents in maximizing upstream, midstream and downstream actions as Africa seeks reliable companions to spice up its oil and gasoline market for energy security and GDP progress.
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