Oil & Gas Venues 2015: The Good, Bad & Very Ugly
As 2014 draws to a close and North American oil and gas producers are in trouble over falling oil prices, we take you to some foreign venues to diversify your portfolio—sorting the good from the bad (and the ugly) for 2015.
• Hands down, Kenya is our number one frontier venue for 2015. Since the massive 2012 discovery that put Kenya on the global oil and gas map, the discoveries have continued and even while E&P companies are cutting costs elsewhere, not so in Kenya, which is set to become the key East African energy hub, with commercial production slated to launch in 2016, and much, much more to explore in its very promising basins. This is a long-term strategic play and there is still time to get in on it. Beyond this, political stability is fairly strong. Compared to many of its neighbors, Kenya is stable, secure and its government is cooperative.
• Kurdistan (the Kurdistan Region of Iraq) remains one of our top venues for 2015, even more so now that the dispute with the Iraqi central authorities in Baghdad has been more or less resolved. We’re not talking about a venue the size of Kenya here, but we are talking about easy access to markets, very successful exploration and internal political stability. There are potential security concerns due to the Islamic State’s (IS) offensive in Iraq and Syria and the potential for this to spill over into territory…