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Create a 9 pages page paper that discusses oil and gas development. Range Resources Limited is an exploration and Production Company that is dual-listed and has a diverse portfolio when it comes to ga
Create a 9 pages page paper that discusses oil and gas development. Range Resources Limited is an exploration and Production Company that is dual-listed and has a diverse portfolio when it comes to gas and oil assets and has a strategic focus on Trinidad where Range Resources holds 100 percent interest in about three production licenses. The company also has interests in Guatemala, Somalia, Colombia, Puntland, Texas, USA and the Republic of Georgia. In Trinidad, the company has six operational drilling rigs plus further completion of rigs and operational personnel (David et al., 67).
Chariot Oil and Gas Limited is an independent gas and oil exploration company that is focused on creating transformational value for stakeholders through the discovery of hydrocarbon mineral accumulation. The company has four licenses that cover eight blocks of offshore Namibia, one covering offshore Mauritania, three licenses offshore Morocco, and four offshore Brazil licenses. The company doubled its portfolio over the last 18 months and currently holds an acreage of about 60,000km2. Prospective regions include frontier and emerging basins as well as established ones. The company has prospects in Brazil that are promising owing to the country’s potential and political stability. The company’s areas of interest, BAR-M-292, BAR-M0293, BAR-M-313 and BAR-M-314 are in the north-eastern part of offshore Brazil in the Barreirinhas Basin (David et al., 67).
Bowleven plc is also an oil and gas exploration group which has assets in West Africa, specifically, onshore as well as offshore Cameroon and onshore Gabon. The company’s onshore Cameroon acreage does, in fact, sit adjacent to the acreage of the Logbaba .gas field which is owned and operated by the company trades as LSE: BLVN. .The African based oil and gas group have interests in Kenya as well. It has an interest in many unexplored areas which makes it attractive to potential investors due to the high chances of finding oil and gas in these unexplored areas. It is good to note that the company is focused on positive aspects such as raising awareness on ethical, environmental, and social matters in the communities it operates in (David et al., 43). .
