IJSSE - International Journal of Social Sciences and Entrepreneurship Upcoming Journals: International Journal of Innovation and Management (IJIM), International Journal of Engineering and Architecture (IJEA) & International Journal of Science and Agriculture | IJAE, IJEF & IJHRP Call for Papers - Forthcoming Issue (Decemer 2014). Submission deadline: 25th December 2014 |

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Stephen Wambugu

Masters Students, Jomo Kenyatta University of Agriculture and Technology, Kenya

Dr. Makori Moronge

Lecturer, Jomo Kenyatta University of Agriculture and Technology, Kenya


The decision to invest in petroleum exploration was driven by an assessment of the opportunities, the likely rewards and the risks involved. Assessing potential oil exploration investments is a complex process and it is one of the important steps that influence the success of the investments. In Kenya, the commercial discovery of hydrocarbon resources will have a profound impact on the domestic economy, particularly in addressing the trade imbalance, which the country has continued to experience over the last three decades. Despite the fact that many efforts and procedures have been laid down to enhance discovery and exploration of energy resources as laid down in the millennium development goals, the exploration prospects in the energy resources and particularly the petroleum has stagnated in many developing countries. This study is of great importance to the management of oil firms involved in petroleum exploration as well as the government of Kenya. The study has highlighted other important relationships that require further research to benefit the scholars and academicians. This study was designed to provide an analysis of the determinants and issues underlying the petroleum exploration in Kenya where the context of focus was the oil exploration firms in Kenya.

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