Reading deepwater exploration and manufacturing company focused on meeting the world’s growing demand for power, Kosmos Energy has confirmed its silver sponsorship at the upcoming African Energy Week (AEW) conference and exhibition, Africa’s premier event for the oil and fuel sector which is ready to happen from October 18-21, 2022 in Cape Town.
As one of the most energetic international 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 around role the continent’s one hundred twenty five.three billion barrels of crude oil and 620 trillion cubic toes of gasoline reserves will play in offering entry to reasonably priced and dependable vitality to some 600 million folks which might be dwelling in power poverty throughout the area.
While oil and gasoline production has declined throughout the African continent as a end result of varied components together with a scarcity of enough investments in exploration and delays in venture growth due to the COVID-19 pandemic, Kosmos Energy has emerged as a key player, boosting upstream activities and investments in each frontier and rising markets.
digital pressure gauge 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 top explorers – will help drive the developments.
Moreover, with Africa preparing for an increase in fuel production – to fulfill rising demand both regionally and globally, significantly as regions corresponding to Europe are seeking different gas supplies to diversify away from Russia – Kosmos Energy has emerged as a perfect and reliable partner to optimize exploration, venture improvement, production, infrastructure rollout and resource monetization.
Developments such as the Yakaar-Teranga and Greater Tortue Ahmeyim (GTA) tasks offshore Senegal and Mauritania are a robust testament of the company’s commitment to accelerate the continent’s fuel market expansion to alleviate growing vitality poverty while kickstarting sustainable socioeconomic progress as the power transition intensifies.
“Kosmos Energy’s concentrate on utilizing innovation, technology and a powerful mindset on sustainable exploring for vitality has led it to achieve world-class discoveries in Africa. They have made it some extent to convey collectively a staff with diverse talent sets and backgrounds to serve in Africa. pressure gauge understands that their work in Africa isn’t only about markets, but 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), adding that, “By driving large-scale challenge developments similar to 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 is helping position the continent as a world vitality hub, exploiting the resources that will assist make power poverty historical past by 2030.”

As a silver sponsor, Kosmos Energy will take part in high-level panel discussions and meetings, offering an update on present and future exploration and manufacturing tasks. 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 boards to discuss the role of worldwide independents in maximizing upstream, midstream and downstream actions as Africa seeks dependable partners to boost its oil and fuel market for power safety and GDP growth.