Kosmos Energy confirms African Energy Week 2022 participation as silver sponsor

Reading deepwater exploration and manufacturing firm focused on meeting the world’s growing demand for energy, 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 fuel sector which can happen from October 18-21, 2022 in Cape Town.
As one of the most active international independents driving exploration in Africa and fast monitoring the event of found hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s biggest event for the power sector – shall be key for any and all discussions round role the continent’s 125.three billion barrels of crude oil and 620 trillion cubic toes of gasoline reserves will play in providing access to reasonably priced and dependable power to some 600 million folks that are dwelling in vitality poverty throughout the region.
While oil and fuel production has declined throughout the African continent because of numerous factors including an absence of adequate investments in exploration and delays in venture growth as a outcome of COVID-19 pandemic, Kosmos Energy has emerged as a key participant, boosting upstream activities and investments in both 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 past, Kosmos Energy – as considered one of Africa’s top explorers – will assist drive the developments.
Moreover, with Africa making ready for an increase in fuel production – to satisfy rising demand both regionally and globally, notably as areas corresponding to Europe are seeking different gas provides to diversify away from Russia – Kosmos Energy has emerged as a perfect and dependable associate to optimize exploration, challenge development, production, infrastructure rollout and useful resource monetization.
Developments such as the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) initiatives offshore Senegal and Mauritania are a strong testament of the company’s commitment to accelerate the continent’s gasoline market growth to alleviate rising energy poverty while kickstarting sustainable socioeconomic development as the energy transition intensifies.
“Kosmos Energy’s focus on using innovation, expertise and a robust mindset on sustainable exploring for power has led it to attain world-class discoveries in Africa. They have made it a point to bring collectively a staff with various skill units and backgrounds to serve in Africa. pressure gauge understands that their work in Africa just isn’t solely about markets, however finding critical options to 600 million with out entry to electrical energy 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, amongst other exploration blocks, in Equatorial Guinea; and the Jubilee area in Ghana, Kosmos Energy is helping position the continent as a global vitality hub, exploiting the resources that can assist make power poverty history by 2030.”
As a silver sponsor, Kosmos Energy will take part in high-level panel discussions and conferences, offering 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 numerous networking forums to debate the function of worldwide independents in maximizing upstream, midstream and downstream activities as Africa seeks dependable companions to boost its oil and fuel marketplace for power safety and GDP development.