Reading deepwater exploration and production company targeted on assembly the world’s rising demand for energy, Kosmos Energy has confirmed its silver sponsorship on the upcoming African Energy Week (AEW) conference and exhibition, Africa’s premier occasion for the oil and fuel sector which is able to take place from October 18-21, 2022 in Cape Town.
As some of the active international independents driving exploration in Africa and fast monitoring the development of found hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s greatest event for the vitality 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 feet of gas reserves will play in offering access to affordable and reliable vitality to some 600 million people that are residing in power poverty across the region.
While oil and fuel manufacturing has declined throughout the African continent due to numerous factors including a scarcity of sufficient investments in exploration and delays in challenge growth due to the COVID-19 pandemic, Kosmos Energy has emerged as a key participant, boosting upstream actions and investments in each frontier and rising markets.
ไดอะแฟรม ซีล 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 considered one of Africa’s high explorers – will assist drive the developments.
Moreover, with Africa making ready for a rise in fuel production – to fulfill rising demand each regionally and globally, significantly as regions similar to Europe are looking for different fuel supplies to diversify away from Russia – Kosmos Energy has emerged as a perfect and dependable associate to optimize exploration, project growth, production, infrastructure rollout and resource monetization.
Developments such as the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) tasks offshore Senegal and Mauritania are a robust testomony of the company’s dedication to accelerate the continent’s fuel market enlargement to alleviate growing power poverty while kickstarting sustainable socioeconomic development as the power transition intensifies.
“Kosmos Energy’s focus on utilizing innovation, technology and a robust mindset on sustainable exploring for energy has led it to attain world-class discoveries in Africa. They have made it a point to bring together a group with various skill sets and backgrounds to serve in Africa. The leadership understands that their work in Africa isn’t solely about markets, however finding important options to 600 million without entry to electricity and 900 million with out clear cooking technologies,” 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, among other exploration blocks, in Equatorial Guinea; and the Jubilee area in Ghana, Kosmos Energy is helping position the continent as a world vitality hub, exploiting the sources that can assist make power poverty history by 2030.”
As a silver sponsor, Kosmos Energy will take part in high-level panel discussions and meetings, providing an update on current and future exploration and manufacturing tasks. Under the theme ‘Exploring and Investing in Africa’s Energy Future whereas Driving an Enabling Environment,’ AEW 2022 will host Kosmos Energy in varied networking boards to discuss the role of worldwide independents in maximizing upstream, midstream and downstream actions as Africa seeks reliable partners to boost its oil and fuel marketplace for power security and GDP growth.
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