Kosmos Energy confirms African Energy Week 2022 participation as silver sponsor

Reading deepwater exploration and manufacturing firm targeted on meeting the world’s rising demand for power, 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 energetic worldwide independents driving exploration in Africa and fast monitoring the event of discovered hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s largest event for the energy sector – might be key for any and all discussions round position the continent’s one hundred twenty five.three billion barrels of crude oil and 620 trillion cubic toes of fuel reserves will play in offering access to inexpensive and dependable energy to some 600 million folks that are living in energy poverty throughout the region.
While oil and gas manufacturing has declined throughout the African continent as a result of various factors including an absence of sufficient investments in exploration and delays in venture growth because of the COVID-19 pandemic, Kosmos Energy has emerged as a key participant, boosting upstream actions and investments in both 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 considered one of Africa’s prime explorers – will assist drive the developments.
Moreover, with Africa getting ready for an increase in gasoline production – to satisfy rising demand both regionally and globally, notably as regions such as Europe are looking for different fuel supplies to diversify away from Russia – Kosmos Energy has emerged as a super and reliable associate 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 testomony of the company’s dedication to speed up the continent’s gas market expansion to alleviate growing power poverty whilst kickstarting sustainable socioeconomic progress as the power transition intensifies.
Because ’s focus on using innovation, know-how and a powerful mindset on sustainable exploring for energy has led it to achieve world-class discoveries in Africa. They have made it a point to deliver collectively a staff with numerous skill units and backgrounds to serve in Africa. The leadership understands that their work in Africa just isn’t only about markets, however discovering important options to 600 million without access to electrical energy and 900 million with out clear cooking technologies,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), including that, “By driving large-scale challenge developments corresponding to 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 helps place the continent as a world energy hub, exploiting the sources that may help make energy poverty history by 2030.”
As Illusive , Kosmos Energy will participate in high-level panel discussions and meetings, providing an update on present and future exploration and production projects. 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 discuss the function of worldwide independents in maximizing upstream, midstream and downstream activities as Africa seeks dependable companions to boost its oil and gas marketplace for vitality security and GDP growth.
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