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1. Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601
National Institute of Business Management
Chennai - 020
EMBA/ MBA
Elective: Oil and Gas Management (Part -1)
Attend any 4 questions. Each question carries 25 marks
(Each answer should be of minimum 2 pages / of 300 words)
1. Explain Why Oil and Gas play a vital role in the global economy..
Answer:Oil has been the world’s major commercial energy source for many decades and the
consensus view is that it will maintain this leading role well into the 21st century.
The pre-eminence of oil has run in parallel with the massive economic advances made in the 20th
century and on into the 21st century. It is estimated that industrial production grew by around 50
timesduringthe lastcentury and that four-fifths of this growth happened in the second half of the
century, starting with the reconstruction period after the second world war.
This resulted in an enormous increase in energy consumption.
Most of the consumption has been concentrated in the OECD
2. Discuss the differences between publicly traded IOCs and state-controlled NOCs and their
strategic goals.
Answer:

2. 3. Explain the role that the oil and gas industry plays in domestic politics.
Answer:shortage of functioningproductionequipments,lackof modern technology etc. as result of
which over 16, 000 oil wells were lying idle in the USSR as a whole. The position of natural gas was
somewhat better although in 1991 output had slightly declined. The Soviet Union had already
emerged as the foremost with regard to natural gas reserves in the world. The CAS had also been
identified as the most promising areas of natural gas reserves in the former USSR. According to a
reportof the Congressional Research Service, in 1991 Turkmenistan and Uzbekistan in Central Asia
(that is excluding Kazakhstan) had 2 giant oil fields and 14 giant natural gas fields among the large
number of oil-gas fields in the former USSR.
4. Explain the marketing and sales of refined petroleum products.
Answer:Like othersectorsof the oil and gas business, the marketing and distribution of petroleum
products takes place on a vast, global scale. Every day, hundreds of millions of companies and
individuals buy these products at wholesale or directly from retail outlets that number in the
hundredsof thousandsworldwide.If we includeindirectusersof petroleumproducts,the numberof
consumers runs into the billions.
Refinedproductmarketsare differentfromcrude oil markets(seePetroleum Online module titled,
“Marketing& Trading of Crude Oil”) in a number of ways. The scale is much smaller: a typical crude
oil transactioninvolves500,000 or evenone millionbarrelsof oil,while atypical refinedproductsale
may involve only 5,000 to 10,000 bbls. Product
5. Discuss the main elements of cost advantage in upstream oil and gas production.
Answer:Upstream companies are witnessing revenues drying up and profit margins shrinking as a
resultof lowercrude oil price realization.If the price of oil continuestodropor staysdepressedfora
long period, some of these companies may find it unprofitable to run their businesses.In this
environment, it has become
6. There are a number of additional risks that need to be considered in any prospective oil or
gas development project, often separated into precompletion, postcompletion, and
macroeconomic risk.. Explain the risks.
Answer:
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