Reading deepwater exploration and production firm centered on meeting the world’s rising demand for power, 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 will take place from October 18-21, 2022 in Cape Town.
As one of the energetic worldwide independents driving exploration in Africa and fast monitoring the development of discovered hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s largest event for the energy sector – shall be key for any and all discussions around function the continent’s a hundred twenty five.three billion barrels of crude oil and 620 trillion cubic feet of gas reserves will play in offering entry to inexpensive and dependable power to some 600 million individuals which are residing in energy poverty throughout the area.
While oil and gasoline production has declined across the African continent as a end result of varied components together with a lack of adequate investments in exploration and delays in challenge improvement because of the COVID-19 pandemic, Kosmos Energy has emerged as a key player, 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 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 production – to meet rising demand each regionally and globally, particularly as areas corresponding to Europe are seeking various gasoline provides to diversify away from Russia – Kosmos Energy has emerged as a perfect and dependable associate to optimize exploration, venture growth, production, infrastructure rollout and useful resource monetization.
Developments such because the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) initiatives offshore Senegal and Mauritania are a strong testomony of the company’s dedication to accelerate the continent’s gas market expansion to alleviate rising energy poverty while kickstarting sustainable socioeconomic growth as the power transition intensifies.
“Kosmos Energy’s focus on utilizing innovation, expertise and a powerful mindset on sustainable exploring for energy has led it to realize world-class discoveries in Africa. They have made it some extent to convey collectively a staff with various talent sets and backgrounds to serve in Africa. The leadership understands that their work in Africa isn’t only about markets, however finding critical solutions to 600 million without access to electricity and 900 million with out clear cooking applied sciences,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), adding that, “By driving large-scale venture developments corresponding to GTA and Yakaar-Teranga within the MSGBC basin; the Ceiba and Okume fields, among other exploration blocks, in Equatorial Guinea; and the Jubilee field in Ghana, Kosmos Energy helps place the continent as a world power hub, exploiting the sources that can help make vitality poverty history by 2030.”
As เกจวัดแรงดัน4บาร์ , Kosmos Energy will take part in high-level panel discussions and meetings, offering an replace on current 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 boards to debate the function of worldwide independents in maximizing upstream, midstream and downstream actions as Africa seeks dependable partners to boost its oil and fuel marketplace for vitality safety and GDP progress.
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