Reading deepwater exploration and production company centered on meeting the world’s growing demand for vitality, 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 gasoline sector which is ready to happen from October 18-21, 2022 in Cape Town.
As ไดอะแฟรม ซีล of the most active worldwide independents driving exploration in Africa and fast tracking the development of found hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s biggest event for the power sector – might be key for any and all discussions round role the continent’s a hundred twenty five.3 billion barrels of crude oil and 620 trillion cubic ft of fuel reserves will play in providing access to inexpensive and reliable energy to some 600 million people which are residing in energy poverty throughout the region.
While oil and gas production has declined throughout the African continent due to numerous factors together with an absence of adequate investments in exploration and delays in project improvement as a end result of COVID-19 pandemic, Kosmos Energy has emerged as a key participant, boosting upstream actions and investments in both frontier and rising 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 beyond, Kosmos Energy – as considered one of Africa’s high explorers – will assist drive the developments.
Moreover, with Africa getting ready for a rise in fuel production – to satisfy rising demand each regionally and globally, particularly as areas corresponding to Europe are looking for alternative fuel supplies to diversify away from Russia – Kosmos Energy has emerged as an ideal and dependable partner to optimize exploration, challenge growth, manufacturing, infrastructure rollout and useful resource monetization.
Developments such because the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) projects offshore Senegal and Mauritania are a strong testament of the company’s commitment to accelerate the continent’s gas market growth to alleviate growing power poverty whilst kickstarting sustainable socioeconomic development because the vitality transition intensifies.
“Kosmos Energy’s give consideration to using innovation, expertise and a strong mindset on sustainable exploring for power has led it to realize world-class discoveries in Africa. They have made it a point to deliver together a team with diverse skill sets and backgrounds to serve in Africa. The management understands that their work in Africa is not only about markets, however discovering critical solutions to 600 million without entry to electricity and 900 million without clear cooking technologies,” 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 in 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 place the continent as a global vitality hub, exploiting the resources that may assist make power poverty history by 2030.”
As a silver sponsor, Kosmos Energy will participate in high-level panel discussions and meetings, offering an update on present and future exploration and production initiatives. Under the theme ‘Exploring and Investing in Africa’s Energy Future while Driving an Enabling Environment,’ AEW 2022 will host Kosmos Energy in various networking forums to debate the function of international independents in maximizing upstream, midstream and downstream actions as Africa seeks reliable partners to spice up its oil and fuel market for power security and GDP progress.
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