Project Description: 

KEPTAP has four components namely:

[A] Petroleum Sector – Reforms and Capacity Building;

[B] Revenue and Investment Management – Reforms and Capacity Building;

[C] Sustainable Impact of Oil and Gas Industry – Reforms and

[D] Capacity Building; and Project Management.

Project Approach:

At a policy level, the Project would support
the drafting of a comprehensive Petroleum Policy outlining a vision and policy for the petroleum sector.Also, through this Component the Project would provide technical assistance to develop a
Petroleum Master Plan that considers strategic options and decision hierarchies for policies and investments in the Project Area on a sound economic basis.

At the regulatory level, the Project would support the implementation of a comprehensive, clear and workable regulatory framework for the development of Kenya’s petroleum resources. At the same time, the Project would support the implementation of institutional reforms including the identification and division of roles, establishment of new institutions if needed and capacity building for relevant institutions.

At the transaction level, the Project would also support capacity building for negotiation of petroleum deals. Also, through this Project, GoK would hire and contract consultants for the provision
of transaction advisory services. The Project would also support the acquisition, interpretation and promotion of geodata in the Project Area and capacity building related to petroleum cadastre
database of the Project Area.

The Project would also provide technical assistance to manage the impacts from the petroleum sector including the implementation of health & safety reforms, implementation of environmental
and social reforms and development of a framework for oil spill preparedness and response capacity.

Project Location: Kenya

Project value: 50.00 million $

Project End Date: 28 Feb 2021

For more details on the project follow the below link http://www.africagateway.info/sector/Tenders-Oil-and-Gas

The oil industry with its history of boom and bust has been in the deepest downturn since 2014, if not earlier. The oil prices plunged and fell to a point more than 70% compared to the levels in 2014.  The 14 OPEC nations on Wednesday 28th sept 2014  agreed  on a common consensus of bringing down the oil production in order to boost the oil prices. In the recent years, the  oil prices have stumbled down to the lowest from the peak of 115$ a barrel in 2014 to as low as 28$ a barrel in Jan 2016. This situation has exerted a huge pressure on the energy industry. Therefore this landmark agreement is expected to boost the growth of ailing  energy industries that had been hard hit by the global oil price glut.

The cartel says it will be trimming down the production to 33 million barrels per day i.e, to decrease the production by 700.000 barrels per day from its current production. The agreement at this stage does not set any targets for production for any of its member countries. The cartel will iron out details on production targets for each country at its next formal meeting in Vienna on November 30. It has also planned to ask the other oil producing countries not the members of the cartel to help tackle the global oversupply of crude oil.  Despite the limitations of the deal, the news has raised hopes of the global oil producers for a positive outcome.With this exceptional decision by OPEC, the oil prices have actually soared by 6% to 50$ a barrel. The US energy stocks have jumped registering a growth of 39% by the energy sector.

Thus with OPEC confirmation on production cap on world’s largest oil producers, oil supply would come in line with the large demand for energy sources. Therefore the will soon surge in the demand for oil tenders, Government oil and gas tenders,  International crude oil  tenders, Energy tenders, Global energy tenders from the global markets. Growth is also expected to  be realised in exploration and production tenders,Petroleum tenders etc.