Reading deepwater exploration and production firm focused on meeting the world’s growing demand for vitality, Kosmos Energy has confirmed its silver sponsorship at the upcoming African Energy Week (AEW) convention and exhibition, Africa’s premier event for the oil and gasoline sector which can take place from October 18-21, 2022 in Cape Town.
As Unconditional of the energetic worldwide independents driving exploration in Africa and quick tracking the event of found hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s largest occasion for the vitality sector – shall be key for any and all discussions round position the continent’s 125.three billion barrels of crude oil and 620 trillion cubic feet of gasoline reserves will play in offering entry to affordable and reliable vitality to some 600 million folks which are residing in power poverty across the area.
While oil and gasoline production has declined across the African continent as a end result of varied elements together with an absence of adequate investments in exploration and delays in challenge development because of the COVID-19 pandemic, Kosmos Energy has emerged as a key participant, boosting upstream actions and investments in each 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 one of Africa’s prime explorers – will help drive the developments.
Moreover, with Africa making ready for an increase in gasoline production – to meet rising demand both regionally and globally, significantly as regions corresponding to Europe are looking for alternative gas provides to diversify away from Russia – Kosmos Energy has emerged as an ideal and dependable associate to optimize exploration, challenge improvement, manufacturing, infrastructure rollout and useful resource monetization.
Developments such as the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) projects offshore Senegal and Mauritania are a powerful testament of the company’s commitment to speed up the continent’s gasoline market expansion to alleviate growing vitality poverty while kickstarting sustainable socioeconomic progress as the energy transition intensifies.
“Kosmos Energy’s concentrate on using innovation, know-how and a strong mindset on sustainable exploring for energy has led it to attain world-class discoveries in Africa. They have made it a degree to deliver collectively a team with various skill units and backgrounds to serve in Africa. The management understands that their work in Africa just isn’t solely about markets, but discovering crucial options to 600 million with out entry to electrical energy and 900 million without clean cooking technologies,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), including that, “By driving large-scale project developments similar to GTA and Yakaar-Teranga within the MSGBC basin; the Ceiba and Okume fields, amongst different exploration blocks, in Equatorial Guinea; and the Jubilee area in Ghana, Kosmos Energy is helping place the continent as a world energy hub, exploiting the assets that can assist make energy poverty historical past by 2030.”
As a silver sponsor, Kosmos Energy will take part in high-level panel discussions and conferences, providing an replace on present and future exploration and production tasks. 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 position of worldwide independents in maximizing upstream, midstream and downstream activities as Africa seeks dependable partners to boost its oil and fuel marketplace for power security and GDP development.
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