Reading deepwater exploration and manufacturing company targeted on meeting the world’s rising demand for power, Kosmos Energy has confirmed its silver sponsorship on the upcoming African Energy Week (AEW) convention and exhibition, Africa’s premier occasion for the oil and gas sector which can take place from October 18-21, 2022 in Cape Town.
As one of the most active international independents driving exploration in Africa and quick 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 power sector – will be key for any and all discussions around role the continent’s a hundred twenty five.3 billion barrels of crude oil and 620 trillion cubic ft of gasoline reserves will play in providing entry to affordable and dependable power to some 600 million people that are residing in energy poverty across the area.
While oil and gasoline manufacturing has declined across the African continent as a outcome of various factors including a scarcity of enough investments in exploration and delays in challenge improvement due to the COVID-19 pandemic, Kosmos Energy has emerged as a key player, boosting upstream actions and investments in each frontier and emerging markets.
Exploration campaigns
A sequence 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 top explorers – will help drive the developments.
Moreover, with Africa preparing for an increase in gasoline production – to fulfill rising demand both regionally and globally, significantly as areas such as Europe are seeking different gasoline supplies to diversify away from Russia – Kosmos Energy has emerged as a super and reliable partner to optimize exploration, challenge development, production, infrastructure rollout and resource monetization.
Developments such because 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 rising energy poverty while kickstarting sustainable socioeconomic progress as the vitality transition intensifies.
“Kosmos Energy’s give attention to utilizing innovation, know-how and a strong mindset on sustainable exploring for vitality has led it to achieve world-class discoveries in Africa. They have made it a degree to deliver together a team with diverse talent units and backgrounds to serve in Africa. The management understands that their work in Africa isn’t only about markets, however finding important options to 600 million without access to electricity and 900 million without clear cooking technologies,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), including that, “By driving large-scale challenge developments such as GTA and Yakaar-Teranga in the MSGBC basin; the Ceiba and Okume fields, among different exploration blocks, in Equatorial Guinea; and the Jubilee subject in Ghana, Kosmos Energy is helping position the continent as a world vitality hub, exploiting the assets that may help make energy poverty historical past by 2030.”
As a silver sponsor, Kosmos Energy will participate in high-level panel discussions and conferences, offering an replace on present and future exploration and production initiatives. Under ราคาเพรสเชอร์เกจ and Investing in Africa’s Energy Future whereas Driving an Enabling Environment,’ AEW 2022 will host Kosmos Energy in various networking forums to discuss the role of international independents in maximizing upstream, midstream and downstream activities as Africa seeks reliable partners to spice up its oil and fuel marketplace for energy safety and GDP growth.
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