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{
    "id": 840638,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/840638/?format=api",
    "text_counter": 501,
    "type": "speech",
    "speaker_name": "Sen. (Eng.) Mahamud",
    "speaker_title": "",
    "speaker": {
        "id": 373,
        "legal_name": "Mohammed Maalim Mahamud",
        "slug": "mohammed-mahamud"
    },
    "content": "Thank you very much, Madam Temporary Speaker, for giving me the chance to contribute to this very important Bill. For a long time now people have been trying to explore for oil in Kenya. It only became a reality last time when we discovered oil in Turkana. Sometimes we were about to discover gas in Lamu. However, oil exploration is a very risky and expensive business. That is why it is important at this stage to have a new law. There was a law before, but it was found to be inadequate. However, because of the presence of the resource in the country, we need to have a law which will be useful to this country. As we continue with oil exploration, we should not scare away investors. I remember when the Chinese drilled oil a well in Isiolo, they spent over USA$95 million. It is sad after spending that amount and you find your well is dry. An investor goes home discouraged. Therefore, it is very important in the upstream phase when you are exploring; we must be carefully not send or scare away our investors. It is not the first time this Bill is before us. It was before the last Senate. However, it was only returned to this House because it was not assented to by the President. We now have the chance to make it better than it was before without throwing it away. We must all understand that we need it. The Committee dealing with it must also enlist the support of these Senators. I know the Ward Development Fund (WDF); small as it was, it became a difficult business of legislation. We had to have a breakfast meeting for all The electronic version of the Senate Hansard Report is for information purposes only. A certified version of this Report can be obtained from the Hansard Editor, Senate."
}