Oil and gas sector exploration
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages
Oil and gas sector exploration
Kenya’s oil and gas sector has seen significant exploration activity in recent years, with several major discoveries being made. The country is believed to have significant reserves of both oil and natural gas, and several international companies have been active in exploring and developing these resources.
The first oil discovery in Kenya was made in 2012 by Tullow Oil, a British company, in the Turkana region of the country. This was followed by several other discoveries in the same area, including the Ngamia-1 and Twiga South-1 wells. These discoveries were made in the Lokichar Basin, which is believed to contain significant reserves of both oil and natural gas.
In addition to Tullow Oil, several other international companies have been active in exploring for oil and gas in Kenya. These include Africa Oil, which is also active in the Lokichar Basin, and the French company Total, which is exploring for oil in the Anza Basin.
The government of Kenya has also been actively encouraging investment in the country’s oil and gas sector, through the creation of favorable policies and regulations. In 2013, the government established the National Oil Corporation of Kenya (NOCK) as a state-owned entity to facilitate the exploration and development of the country’s oil and gas resources.
Despite the promising potential of Kenya’s oil and gas sector, there have been some challenges and obstacles to its development. One major issue is the lack of infrastructure in the regions where the resources are located, which makes it difficult to transport the oil and gas to market. Additionally, there have been disputes over land rights in some areas, which have hindered exploration activities.
Despite these challenges, Kenya’s oil and gas sector is expected to continue to grow in the coming years, as more discoveries are made and infrastructure is developed to support the industry. The government’s commitment to creating a favorable environment for investment, combined with the increasing global demand for energy, is likely to attract more international companies to the country, further boosting the sector’s growth.
However, the sector is still in its early stages and a lot of the discoveries are still in exploration phase, so the actual extraction and production of oil and gas is yet to happen. Therefore, it’s important to note that while there is potential, the actual yield and success of the sector is yet to be seen.
Oil and gas sector exploration
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). 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The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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