Reading diaphragm seal and production company targeted on meeting the world’s rising demand for power, 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 gas 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 largest event for the energy sector – shall be key for any and all discussions round position the continent’s 125.3 billion barrels of crude oil and 620 trillion cubic ft of gasoline reserves will play in providing access to affordable and dependable vitality to some 600 million folks which would possibly be dwelling in vitality poverty throughout the area.
While oil and gas manufacturing has declined across the African continent due to numerous factors together with a scarcity of enough investments in exploration and delays in project growth as a outcome of COVID-19 pandemic, Kosmos Energy has emerged as a key participant, boosting upstream actions and investments in both frontier and emerging markets.
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 certainly one of Africa’s prime explorers – will assist drive the developments.
Moreover, with Africa preparing for a rise in fuel production – to fulfill rising demand each regionally and globally, significantly as areas similar to Europe are looking for various gasoline provides to diversify away from Russia – Kosmos Energy has emerged as an ideal and reliable companion to optimize exploration, venture growth, manufacturing, infrastructure rollout and 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 speed up the continent’s gasoline market expansion to alleviate growing energy poverty whilst kickstarting sustainable socioeconomic progress because the energy transition intensifies.
“Kosmos Energy’s focus on using innovation, technology and a powerful mindset on sustainable exploring for vitality has led it to achieve world-class discoveries in Africa. They have made it a point to convey collectively a staff with numerous ability sets and backgrounds to serve in Africa. The leadership understands that their work in Africa just isn’t only about markets, but finding important options to 600 million without access to electrical energy and 900 million with out clean cooking applied sciences,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), including that, “By driving large-scale project developments such as GTA and Yakaar-Teranga in the MSGBC basin; the Ceiba and Okume fields, among other exploration blocks, in Equatorial Guinea; and the Jubilee area in Ghana, Kosmos Energy helps position the continent as a global vitality hub, exploiting the assets that may help make energy poverty history by 2030.”
As a silver sponsor, Kosmos Energy will participate in high-level panel discussions and conferences, offering an replace 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 various networking forums to debate the position of international independents in maximizing upstream, midstream and downstream actions as Africa seeks dependable partners to spice up its oil and gas marketplace for energy security and GDP progress.