Reading digital pressure gauge and production firm centered on assembly the world’s rising demand for vitality, Kosmos Energy has confirmed its silver sponsorship on the upcoming African Energy Week (AEW) convention and exhibition, Africa’s premier event for the oil and fuel sector which will happen from October 18-21, 2022 in Cape Town.
As one of the most lively worldwide independents driving exploration in Africa and quick monitoring the development of discovered hydrocarbons basins, the participation of Kosmos Energy as a silver sponsor at AEW 2022 – Africa’s greatest occasion for the energy sector – shall be key for any and all discussions round role the continent’s 125.3 billion barrels of crude oil and 620 trillion cubic feet of fuel reserves will play in offering entry to affordable and dependable energy to some 600 million folks which might be residing in power poverty across the region.
While oil and gas production has declined throughout the African continent due to numerous elements including a lack of enough investments in exploration and delays in venture improvement due to the COVID-19 pandemic, Kosmos Energy has emerged as a key player, boosting upstream activities and investments in each frontier and emerging markets.
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 considered one of Africa’s prime explorers – will assist drive the developments.
Moreover, with Africa making ready for an increase in fuel production – to satisfy rising demand both regionally and globally, particularly as regions such as Europe are seeking different gas provides to diversify away from Russia – Kosmos Energy has emerged as an ideal and dependable partner to optimize exploration, challenge growth, production, infrastructure rollout and resource monetization.
Developments such as the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) initiatives offshore Senegal and Mauritania are a powerful testament of the company’s dedication to speed up the continent’s gas market expansion to alleviate growing energy poverty while kickstarting sustainable socioeconomic growth because the energy transition intensifies.
“Kosmos Energy’s concentrate on using innovation, know-how and a robust mindset on sustainable exploring for energy has led it to attain world-class discoveries in Africa. They have made it a point to bring collectively a group with diverse skill units and backgrounds to serve in Africa. pressure gauge understands that their work in Africa just isn’t only about markets, however finding important options to 600 million with out access to electrical energy and 900 million without clean cooking applied sciences,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), adding that, “By driving large-scale challenge 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 subject in Ghana, Kosmos Energy helps place the continent as a world power hub, exploiting the assets that may help make power 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 manufacturing projects. Under the theme ‘Exploring and Investing in Africa’s Energy Future while 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 actions as Africa seeks dependable companions to boost its oil and fuel market for vitality safety and GDP development.