Kosmos Energy confirms African Energy Week 2022 participation as silver sponsor

Reading deepwater exploration and manufacturing company centered on meeting the world’s rising demand for energy, 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 energetic international independents driving exploration in Africa and fast tracking the development of found hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s greatest occasion for the energy sector – might be key for any and all discussions around position the continent’s one hundred twenty five.3 billion barrels of crude oil and 620 trillion cubic ft of fuel reserves will play in offering entry to inexpensive and reliable energy to some 600 million folks which would possibly be residing in vitality poverty throughout the region.
While oil and gasoline manufacturing has declined across the African continent as a result of various elements together with an absence of sufficient investments in exploration and delays in project development as a end result of COVID-19 pandemic, Kosmos Energy has emerged as a key participant, boosting upstream actions and investments in each frontier and emerging markets.
Exploration campaigns
A series 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 high explorers – will help drive the developments.
Moreover, with Africa getting ready for a rise in fuel production – to satisfy 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 a super and dependable companion to optimize exploration, venture development, manufacturing, infrastructure rollout and useful resource monetization.
Developments such as the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) tasks offshore Senegal and Mauritania are a powerful testament of the company’s commitment to speed up the continent’s fuel market expansion to alleviate rising energy poverty whilst kickstarting sustainable socioeconomic development as the energy transition intensifies.
“Kosmos Energy’s concentrate on using innovation, technology and a strong mindset on sustainable exploring for power has led it to achieve world-class discoveries in Africa. They have made it some extent to deliver together a group with diverse talent units and backgrounds to serve in Africa. The leadership understands that their work in Africa isn’t only about markets, however discovering critical options to 600 million with out access to electricity and 900 million without clean cooking applied sciences,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), including that, “By driving large-scale venture developments such as GTA and Yakaar-Teranga in the MSGBC basin; the Ceiba and Okume fields, amongst different exploration blocks, in Equatorial Guinea; and the Jubilee field in Ghana, Kosmos Energy is helping position the continent as a global energy hub, exploiting the assets that will assist make vitality poverty historical past by 2030.”
As a silver sponsor, Kosmos Energy will participate in high-level panel discussions and meetings, providing an replace on current and future exploration and manufacturing projects. Under Guilt-free and Investing in Africa’s Energy Future whereas Driving an Enabling Environment,’ AEW 2022 will host Kosmos Energy in varied networking boards to debate the position of international independents in maximizing upstream, midstream and downstream actions as Africa seeks dependable companions to boost its oil and fuel market for energy safety and GDP progress.
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