Sustainable partnerships: the art of high-performing alliances and joint ventures

2016 ◽  
Vol 56 (2) ◽  
pp. 558
Author(s):  
Amita Riksen ◽  
Nick Chipman
Keyword(s):  
Decision Making ◽  
Strategic Alliances ◽  
Joint Ventures ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Business Environment ◽  
Strategic Objectives ◽  
High Performing ◽  
Industry Response

In the increasingly transparent, real-time, digital business environment, the degree of collaboration required to succeed is rapidly expanding. Interdependencies created among diverse market participants, prospective partners and stakeholders is dramatically altering who actively participates in the oil and gas industry and how much influence they can yield. An industry deeply premised on technical innovation and excellence must evolve to broaden the value proposition and address the complex, expanded stakeholder groups. Traditional value drivers need to be extended to effectively leveragemulti-party joint ventures (JVs) to address the principles of license to operate and deliver the required capabilities. PwC hypothesises that risk-averse, technical, legal and quantitative biases drive joint venturing agreements to narrow obligations and sub-optimal outcomes. This is because narrow agreements ignore the behavioural, organisational and critical relationship-driven outcomes in contracting, venturing and alliance configurations. By widening the lens of JV agreements and strategic alliances, the authors look briefly at real case studies and undertake critical observations of the emerging industry behaviour, in identifying the following range of factors industry participants need to confront: the power and agility of social media driving industry response; the role of subjective, human factors in realising strategic objectives; the perceived rights of JV parties as the reality; the role of emotion in decision making and misalignments of culture/style/behaviours among stakeholders; the balance of diversity versus control requirements in governance management; the enablers for co-creating, high-performing ventures and contracting for co-operation alongside risk management; using the letter of the contract to facilitate rather than dictate behaviour; and, the power of influence to enable decision making. The shared experiences of the authors identify an attribution framework underpinning the contractual frame and extends into the effective planning and execution traits of high-performing, co-operative JVs.

Technology transfer from British to Vietnamese industrial companies - venturing into a new business culture

2018 ◽  
Vol 34 (2) ◽  
Author(s):  
Ca Tran Ngoc
Keyword(s):  
Technology Transfer ◽  
Transfer Process ◽  
Oil And Gas ◽  
Service Industry ◽  
Oil And Gas Industry ◽  
Business Environment ◽  
Background Information ◽  
Business Culture ◽  
Industrial Companies ◽  
New Business

The paper examines the process of technology transfer from British industrial companies to Vietnamese companies, to look at the obstacles of this process, especially in dealing with different business culture environments. The study uses the case studies method, conducting interviews with about ten companies working in oil and gas service industry. Since this is only a first stage of the longer term project, only preliminary results were discussed. Therefore, a company in civil engineering consulting has been examined for comparison. The paper argues that the differences in perception of the same operation activity like service in oil and gas industry are crucial factors to take into account if the transfer process is to be successful. Also, the transferor and the recipient may have different behaviour in negotiating, in communicating with each other. Thus, the preparation of background information, to do "home work", patience and pro-active attitudes in trying to understand partners are important for transferring technology into different business environment.   In addition, the factors, sometime not very technology-related, such as internal political motives and organisational issues of the firms involved can be very influential in the success of technology transfer process.

The Limitation of Reservoir Saturation Logging Tool in a Case of a Deeper Reservoir Flow into a Shallower Reservoir Within the Same Wellbore

2021 ◽  
Author(s):  
P. Merit Ekeregbe
Keyword(s):  
Decision Making ◽  
Flow Condition ◽  
Oil And Gas ◽  
Static Condition ◽  
Oil And Gas Industry ◽  
Well Performance ◽  
Liquid Loading ◽  
Critical Rate ◽  
Logging Tool ◽  
Historical Production

Abstract Saturation logging tool is one key tool that has been successfully used in the Oil and Gas Industry. As important as the tool is, it should not be mistaken for a decision tool, rather it is a tool that aids decision making. Because the tool aids decision making, the decision process must be undertaken by interdisciplinary team of Engineers with historical knowledge of the tool and the performance trend of the candidate well and reservoir. No expertise is superior to historical data of well and reservoir performance because the duo follows physics and any deviation from it is attributable to a misnomer. The decision to re-enter a well for re-perforation or workover must be supported by historical production and reasonable science which here means that trends are sustained on continuous physics and not abrupt pulses. Any interpretation arising from saturation logging tools without subjecting same to reasonable science could result in wrong action. This paper is providing a methodology to enhance thorough screening of candidates for saturation logging operations. First is to determine if the candidate well is multilevel and historical production above critical gas rate before shut-in to screen-out liquid loading consideration. If any level is plugged below any producing level, investigate for micro-annuli leakage. All historical liquid loading wells should be flowed at rate above critical rate and logged at flow condition. Static condition logging is only good for non-liquid loading wells. The use of any tool and its interpretation must be subjective and there comes the clash between the experienced Sales Engineer and the Production/Reservoir Engineer with the historical evidence. A simple historical trending and analysis results of API gravity and BS&W were used in the failed plug case-study. Further successful investigation was done and the results of the well performance afterwards negated the interpretation arising from the saturation tool which saw the reservoir sand flushed. The lesson learnt from the well logging and interpretation shows that when a well is under any form of liquid loading, interpretation must be subjective with reasonable science and historical production trend is critical. It is recommended that when a well is under historical liquid loading rate, until the rate above the critical rate is determined, no logging should be done and when done, logging should be at flow condition and the interpretation subject to reasonable system physics.

On Approaches to Taking into Account the Risks of Changing Climatic Conditions when Planning and Implementing Oil and Gas Projects

2021 ◽  
Vol 18 (1) ◽  
pp. 52-65
Author(s):  
P. N. Mikheev
Keyword(s):  
Climate Change ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Climatic Conditions ◽  
Qualitative Assessment ◽  
Physical Factors ◽  
Gas Industry ◽  
Climate Risks ◽  
The Impact

The article discusses issues related to the impact of climate change on the objects of the oil and gas industry. The main trends in climate change on a global and regional (on the territory of Russian Federation) scale are outlined. Possible approaches to the identification and assessment of climate risks are discussed. The role of climatic risks as physical factors at various stages of development and implementation of oil and gas projects is shown. Based on the example of oil and gas facilities in the Tomsk region, a qualitative assessment of the level of potential risk from a weather and climatic perspective is given. Approaches to creating a risk management and adaptation system to climate change are presented.

scholarly journals An Overview of the New Competition Law: Issues for the Oil and Gas Industry

1987 ◽  
Vol 26 (1) ◽  
pp. 59
Author(s):  
Lawson A. W. Hunter ◽  
John F. Blakney
Keyword(s):  
Joint Ventures ◽  
Oil And Gas ◽  
Competition Law ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Dominant Position ◽  
Abuse Of Dominant Position ◽  
Restraint Of Trade

This paper reviews the major changes to Canada's competition law enacted in 1986, including new merger and abuse of dominant position provisions, the establishment of a Competition Tribunal, mandatory pre-notification of certain transactions, and revisions of the prohibition against agreements in restraint of trade. Special attention is given to joint ventures, export agreements and vertically integrated resource companies.

scholarly journals Waste Not, Want Not: "Waste" as a Tool of Resource Conservation in the Atlantic Canadian Offshore

2018 ◽  
pp. 315
Author(s):  
Greg Moores ◽  
Mark Andrews ◽  
Amanda Whitehead
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Resource Conservation ◽  
Forced Marriage ◽  
Gas Industry ◽  
A Company

As the Atlantic Canadian oil and gas industry continues to mature, offshore regulators face new and varied issues as they work to implement the objectives of the Atlantic Accords. Laws that were largely developed before the Atlantic Canadian offshore contained producing projects are now being applied to a diverse and evolving industry. As is often the case, laws, as expressed on paper, can prove difficult to apply to each unique set of circumstances that arises in practice.Fundamentally, many of the powers of the Atlantic Canadian offshore regulators rely on the concept of “waste.” An offshore regulator can order a company to commence, continue, or increase production of petroleum where it is of the opinion that such an order “would stop waste.” Conversely, the regulators may order a decrease, cessation, or suspension of the production of petroleum for the same reason. In certain situations of “waste,” the Accord Acts provide for a “forced marriage” via compulsory unitization.While “waste” is instrumental to the authority of the offshore regulators, by necessity its definition is open to some interpretation. This article will explore various interpretations of “waste,” and examine the role of waste in the Atlantic Canadian offshore regimes.

ORGANIZATION OF BUSINESS ACTIVITIES OF JOINT VENTURES IN AZERBAIJAN AND THEIR ROLE IN THE IMPLEMENTATION OF TARGETED AND SOCIAL PROJECTS

2020 ◽  
Vol 10 (5) ◽  
pp. 870-885
Author(s):  
Y.B.O. Akberli ◽  
Keyword(s):  
Joint Ventures ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Foreign Market ◽  
Social Infrastructure ◽  
Social Events ◽  
The World ◽  
The Republic ◽  
Corporate Social ◽  
The Impact

Based on longterm statistical and primary reporting data, the article examines and evaluates the impact of the results of business activities of enterprises, including joint ventures operating in the oil and gas industry of Azerbaijan, on the implementation of targeted and social projects both in the republic and in foreign countries. The activities of similar structural units are analyzed, and the results of business activities of joint ventures in the oil industry are obtained. At the same time, special attention is paid to the analysis of the results of business activities of the studied enterprises. The content of the implementation of targeted and corporate social projects is disclosed, as well as the issues of the formation of income of the State Oil Fund, the allocation of funds from it for the implementation of a wide network of social infrastructure facilities, social events and maintenance of intellectual property. The key aspects of SOCAR’s activities on the expansion of the foreign market were considered. Specific target projects of SOCAR in different countries of the world have been analyzed. The potential and dynamics of the number of employees of SOCAR joint companies and their main financial indicators are shown. The essence and significance of the implementation of corporate social projects that contribute to raising the company’s image among the population of the country and in the world community are revealed. The necessity of developing and implementing larger investment and innovation projects in the context of new global challenges and requirements has been substantiated. The expediency of expanding the activities of SOCAR and its subsidiaries abroad in the short and long term was considered. The importance of SOCAR’s activities in solving social and economic problems of the population and enhancing the development of the country’s economy is revealed. The efficiency of SOCAR joint ventures in solving multifunctional tasks facing this large company in the modern period was noted. A number of recommendations were prepared and a group of substantiated proposals for organizing business activities of joint ventures in Azerbaijan was presented, their role in the implementation of targeted and social projects was disclosed.

What is a Capability Platform Approach to Integrated Operations?

2013 ◽  
pp. 1-19 ◽  
Author(s):  
John Henderson ◽  
Vidar Hepsø ◽  
Øyvind Mydland
Keyword(s):  
Capability Approach ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Learning Performance ◽  
Process Technology ◽  
Sustainable Practices ◽  
Gas Industry ◽  
Integrated Operations

The concept of a capability platform can be used to argue how firms engage networked relationships to embed learning/performance into distinctive practices rather than focusing only on technology. In fact the capability language allows us to unpack the role of technology by emphasizing its interaction with people, process, and governance issues. The authors address the importance of a capability approach for Integrated Operations and how it can improve understanding of how people, process, technology, and governance issues are connected and managed to create scalable and sustainable practices. The chapter describes the development of capabilities as something that is happening within an ecology. Using ecology as a metaphor acknowledges that there is a limit to how far it is possible to go to understand organizations and the development of capabilities in the oil and gas industry as traditional hierarchies and stable markets. The new challenge that has emerged with integrated operations is the need for virtual, increasingly global, and network based models of work. The authors couple the ecology approach with a capability platform approach.

Enterprise Resource Planning Systems in a Global Environment

2011 ◽  
pp. 382-396
Author(s):  
Paul Hawking
Keyword(s):  
Enterprise Resource Planning ◽  
Resource Planning ◽  
Business Environment ◽  
Global Environment ◽  
Strategy Development ◽  
Planning Systems ◽  
Strategic Objectives ◽  
Enterprise Resource Planning Systems ◽  
Role Of Information

Companies around the world are placing increasing emphasis on strategy development and implementation. Some argue that this increased emphasis is in response to market forces of increased competition and globalization, and the need to be flexible and adaptive to the business environment. Strategy development and implementation is a multifaceted task reliant on a number of interdependent factors. One of these is the role of information technology which in recent times has become an integral part of most companies’ strategies. This chapter discusses the role of strategy development and the importance of the alignment of business and IT strategies in a global environment. It discusses the role of enterprise resource planning systems on strategy development and how these systems underpin many strategic objectives companies strive for in a global environment.

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