Reading deepwater exploration and manufacturing firm targeted on meeting the world’s rising 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 will take place from October 18-21, 2022 in Cape Town.
As some of the energetic worldwide independents driving exploration in Africa and quick monitoring the event of discovered hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s greatest occasion for the power 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 ft of fuel reserves will play in offering entry to reasonably priced and dependable power to some 600 million people which are dwelling in power poverty throughout the region.
While oil and gas manufacturing has declined across the African continent because of varied factors including an absence of sufficient investments in exploration and delays in project growth due to the COVID-19 pandemic, Kosmos Energy has emerged as a key player, boosting upstream actions and investments in each 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 past, Kosmos Energy – as certainly one of Africa’s prime explorers – will assist drive the developments.
Moreover, with Africa preparing for a rise in gasoline production – to fulfill rising demand each regionally and globally, notably as areas similar to Europe are looking for alternative fuel provides to diversify away from Russia – Kosmos Energy has emerged as an ideal and dependable associate to optimize exploration, challenge development, production, infrastructure rollout and resource monetization.
Developments such because the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) initiatives offshore Senegal and Mauritania are a powerful testomony of the company’s commitment to speed up the continent’s fuel market growth to alleviate growing power poverty while kickstarting sustainable socioeconomic growth as the vitality transition intensifies.
“Kosmos Energy’s focus on utilizing innovation, expertise and a robust mindset on sustainable exploring for vitality has led it to achieve world-class discoveries in Africa. They have made it a point to convey together a team with various talent units and backgrounds to serve in Africa. The management understands that their work in Africa is not only about markets, however discovering important options to 600 million without entry to electricity and 900 million with out clean cooking technologies,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), adding that, “By driving large-scale venture developments corresponding to GTA and Yakaar-Teranga in the MSGBC basin; the Ceiba and Okume fields, among different exploration blocks, in Equatorial Guinea; and the Jubilee field in Ghana, Kosmos Energy is helping position the continent as a worldwide power hub, exploiting the assets that will help make power poverty historical past by 2030.”
As เกจวัดแรงดันแก๊สlpg , Kosmos Energy will participate in high-level panel discussions and conferences, offering an replace on present and future exploration and production initiatives. 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 role of international independents in maximizing upstream, midstream and downstream actions as Africa seeks reliable companions to spice up its oil and fuel market for power security and GDP progress.
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