Kosmos Energy confirms African Energy Week 2022 participation as silver sponsor

Reading deepwater exploration and production company centered on meeting the world’s growing demand for energy, Kosmos Energy has confirmed its silver sponsorship on the upcoming African Energy Week (AEW) conference and exhibition, Africa’s premier occasion for the oil and fuel sector which will happen from October 18-21, 2022 in Cape Town.
As one of the active worldwide independents driving exploration in Africa and fast tracking the event of discovered hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s greatest event for the power sector – might 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 feet of gasoline reserves will play in providing entry to affordable and reliable vitality to some 600 million individuals which may be dwelling in energy poverty across the region.
While oil and gasoline manufacturing has declined throughout the African continent due to varied elements together with an absence of sufficient investments in exploration and delays in project improvement because of 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 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 beyond, Kosmos Energy – as one of Africa’s high explorers – will help drive the developments.
Moreover, with Africa getting ready for an increase in fuel manufacturing – to fulfill rising demand both regionally and globally, significantly as regions similar to Europe are in search of different gas supplies to diversify away from Russia – Kosmos Energy has emerged as a perfect and reliable partner to optimize exploration, project improvement, manufacturing, infrastructure rollout and resource monetization.
Developments such as 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 gasoline market expansion to alleviate rising power poverty whilst kickstarting sustainable socioeconomic growth because the power transition intensifies.
“Kosmos Energy’s focus on using innovation, know-how and a powerful mindset on sustainable exploring for vitality has led it to realize world-class discoveries in Africa. Accessible have made it a degree to bring together a staff with various skill sets and backgrounds to serve in Africa. The leadership understands that their work in Africa just isn’t only about markets, but finding critical options to 600 million without access to electrical energy and 900 million with out clear cooking applied sciences,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), including that, “By driving large-scale project developments similar to 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 place the continent as a world vitality hub, exploiting the sources that may help make energy poverty history by 2030.”
As a silver sponsor, Kosmos Energy will take part in high-level panel discussions and meetings, providing an replace 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 varied networking forums to discuss the role of worldwide independents in maximizing upstream, midstream and downstream actions as Africa seeks dependable partners to boost its oil and gasoline market for energy security and GDP progress.
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