Reading deepwater exploration and manufacturing firm targeted on meeting the world’s growing demand for energy, 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 fuel sector which will happen from October 18-21, 2022 in Cape Town.
As some of the active 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 greatest occasion for the vitality sector – will be key for any and all discussions around function the continent’s 125.three billion barrels of crude oil and 620 trillion cubic ft of fuel reserves will play in providing access to affordable and reliable energy to some 600 million folks which may be dwelling in energy poverty across the area.
While oil and gas production has declined throughout the African continent because of varied elements together with an absence of sufficient investments in exploration and delays in venture development because of the COVID-19 pandemic, Kosmos Energy has emerged as a key player, boosting upstream activities and investments in each 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 beyond, Kosmos Energy – as considered one of Africa’s prime explorers – will assist drive the developments.
Moreover, with Africa getting ready for an increase in gasoline manufacturing – to satisfy rising demand both regionally and globally, notably as regions similar to Europe are in search of different fuel supplies to diversify away from Russia – Kosmos Energy has emerged as a super and dependable companion to optimize exploration, project development, manufacturing, infrastructure rollout and resource monetization.
Developments such as the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) projects offshore Senegal and Mauritania are a strong testament of the company’s dedication to speed up the continent’s fuel market growth to alleviate rising energy poverty while kickstarting sustainable socioeconomic development because the energy transition intensifies.
“Kosmos Energy’s focus on utilizing innovation, know-how and a powerful mindset on sustainable exploring for energy has led it to realize world-class discoveries in Africa. They have made it a point to convey together a group with diverse skill sets and backgrounds to serve in Africa. The management understands that their work in Africa just isn’t only about markets, however discovering important solutions to 600 million with out access to electrical energy and 900 million without clean cooking applied sciences,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), including that, “By driving large-scale venture developments such as GTA and Yakaar-Teranga within the MSGBC basin; the Ceiba and Okume fields, among different exploration blocks, in Equatorial Guinea; and the Jubilee field in Ghana, Kosmos Energy is helping position the continent as a world power hub, exploiting the sources that can assist make energy poverty history by 2030.”
As Insane , Kosmos Energy will take part in high-level panel discussions and meetings, providing an replace 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 discuss the function of international independents in maximizing upstream, midstream and downstream activities as Africa seeks dependable companions to spice up its oil and fuel market for energy security and GDP progress.
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