Growth Strategy and Performance of Oil and Gas Companies in Nigeriaijtsrd
Nigerian oil and gas companies are major players in the transformation of the Nigerian economy as well as the growth of the global oil and gas products market, with the aim of promoting the rapid expansion of Nigerian oil and gas companies. The study examined the impact of growth strategy and performance of oil and gas companies in Nigeria 2006 - 2020 . The specific objectives were to determine the impact of strategic expansion on market share and the impact of strategic investment on return on asset. The annual financial statements of companies operating at the upstream, downstream, and midstream listed on the Nigerian Stock Exchange were used for this study. The study adopted a panel research survey. Ordinary least squares regression analysis was used to test the effect of the independent variables on the dependent variables. The findings showed that strategic expansion has a positive effect on market share, while strategic investment has a positive impact on return on asset. Therefore, the study recommends that oil and gas companies' management should take advantage of strategic expansion and strategic investment to increase their market share and return on asset. Oyakhire Victor Alaba | Prof. Akpan L. Patrick "Growth Strategy and Performance of Oil and Gas Companies in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd46431.pdf Paper URL : https://www.ijtsrd.com/management/strategic-management/46431/growth-strategy-and-performance-of-oil-and-gas-companies-in-nigeria/oyakhire-victor-alaba
PetroSync - Introduction to Oil and Gas AccountingPetroSync
The Oil & Gas Industry is one of the top industries in the world requiring intensive capital investment and involves significant risks. Accounting in the Oil & Gas industry is also very unique. Applying accounting rules and regulation are complex and different from any other industry.
The 2-day course focuses on these issues and provides an overall understanding of a series of major IFRS and US GAAP accounting principles and standards that are particularly applicable to the upstream oil and gas business; shows how to apply these accounting rules; discusses financial reporting requirements as applicable to upstream companies and all related Joint Ventures and Production Sharing Contracts.
OBU – Oxford Brookes University BSc Honours in Applied Accounting.Academic Mania
Topic 8: The Business and Financial Performance of an Organization over a three year period.’
Oxford Brookes (OBU) ACCA Applied Accounting RAP Thesis For
ACCA Oxford Brookes BSc (Hons) in Applied Accounting
202 Part 3 . Formulating and Implernenting Strategy fbr Intern.docxeugeniadean34240
202 Part 3 . Formulating and Implernenting Strategy fbr International and Global Operations
Sometimes just the plospect of shifting production overseas improves competitiveness at
home. When Xerox Corporation started moving copier-rebuilding operations to Mexico, the"union
agreed to needed changes in work style and productivity to keep the jobs at home. Lower opera-
tional costs in other areas-power, transportation, and financing-frequently prove attractive.
INCENTIVES Covernments in countries such as Poland seeking new infusions of capital, technol-
ogy, and know-how willingly provide incentives-tax exemptions, tax holidays, subsidies, loans,
and the use of property. Because they both decrcase risk and increase profits, these incentives are
attractive to foreign companies. Russia, for example, has a number of special economic zones, both
for industrial production and for technical research, offering various tax concessions such as
exemption from property and land taxes for the first five years, as well as customs privileges.2a
In February 2009, for example, companies were rushing to conclude M&A deals in Brazil
while a tax break rvhich allows companies to deduct 34 percent of the premium paid in an acqui-
sition is still guaranteed, amid fears that it would be rescinded. This kind of tax incentive is rare,
so it attracts considerable interest from foreign investors. Coupled with the recent devaluation of
the Brazilian real, which made acquisitions cheaper for foreign bidders, tax deductions are cur-
rently one of the great attractions for acquisition deals in Brazil.2s
One study surveyed 103 experienced managers concerning the relative attractiveness of
various incentives for expansion into the Caribbean region (primarily Mexico, Venezuela,
Colomtria, Dominican Republic, and Guatemala). The results indicate the opinion of those man-
agers about which incentives are rrost important; however, the most desirable mix would depend
on the nature of the particular company and its operations. The first two issues reflect managers'
concerns about limiting foreign exchange risk, where restrictions often change overnight and
limit the abiiity of the firm to repatriate prolits. Other concerns are those of political instability
and the possibility of expropriation, and those of tax concessions.26 Nor att those incentives lim-
ited to emerging economies. The state of Alabama in the United States has spent hundrcds of
rnillions to attract the Honda, Hyundai, and Toyota plants.27
STRATEGIC FONMULATION PFSCESS
Typically, the strategic formulation process is necessary both at the headquarters of the corpora-
tion and at each of the subsidiaries. Most organizations operate on planning cycles of five or
more years, with intermediate reviews.
The global strategic formulation process, as part of overall corporate strategic management,
parallels the prccess followed in domestic companies. However, the variables, and therefore the
process itself, are far .
Growth Strategy and Performance of Oil and Gas Companies in Nigeriaijtsrd
Nigerian oil and gas companies are major players in the transformation of the Nigerian economy as well as the growth of the global oil and gas products market, with the aim of promoting the rapid expansion of Nigerian oil and gas companies. The study examined the impact of growth strategy and performance of oil and gas companies in Nigeria 2006 - 2020 . The specific objectives were to determine the impact of strategic expansion on market share and the impact of strategic investment on return on asset. The annual financial statements of companies operating at the upstream, downstream, and midstream listed on the Nigerian Stock Exchange were used for this study. The study adopted a panel research survey. Ordinary least squares regression analysis was used to test the effect of the independent variables on the dependent variables. The findings showed that strategic expansion has a positive effect on market share, while strategic investment has a positive impact on return on asset. Therefore, the study recommends that oil and gas companies' management should take advantage of strategic expansion and strategic investment to increase their market share and return on asset. Oyakhire Victor Alaba | Prof. Akpan L. Patrick "Growth Strategy and Performance of Oil and Gas Companies in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd46431.pdf Paper URL : https://www.ijtsrd.com/management/strategic-management/46431/growth-strategy-and-performance-of-oil-and-gas-companies-in-nigeria/oyakhire-victor-alaba
PetroSync - Introduction to Oil and Gas AccountingPetroSync
The Oil & Gas Industry is one of the top industries in the world requiring intensive capital investment and involves significant risks. Accounting in the Oil & Gas industry is also very unique. Applying accounting rules and regulation are complex and different from any other industry.
The 2-day course focuses on these issues and provides an overall understanding of a series of major IFRS and US GAAP accounting principles and standards that are particularly applicable to the upstream oil and gas business; shows how to apply these accounting rules; discusses financial reporting requirements as applicable to upstream companies and all related Joint Ventures and Production Sharing Contracts.
OBU – Oxford Brookes University BSc Honours in Applied Accounting.Academic Mania
Topic 8: The Business and Financial Performance of an Organization over a three year period.’
Oxford Brookes (OBU) ACCA Applied Accounting RAP Thesis For
ACCA Oxford Brookes BSc (Hons) in Applied Accounting
202 Part 3 . Formulating and Implernenting Strategy fbr Intern.docxeugeniadean34240
202 Part 3 . Formulating and Implernenting Strategy fbr International and Global Operations
Sometimes just the plospect of shifting production overseas improves competitiveness at
home. When Xerox Corporation started moving copier-rebuilding operations to Mexico, the"union
agreed to needed changes in work style and productivity to keep the jobs at home. Lower opera-
tional costs in other areas-power, transportation, and financing-frequently prove attractive.
INCENTIVES Covernments in countries such as Poland seeking new infusions of capital, technol-
ogy, and know-how willingly provide incentives-tax exemptions, tax holidays, subsidies, loans,
and the use of property. Because they both decrcase risk and increase profits, these incentives are
attractive to foreign companies. Russia, for example, has a number of special economic zones, both
for industrial production and for technical research, offering various tax concessions such as
exemption from property and land taxes for the first five years, as well as customs privileges.2a
In February 2009, for example, companies were rushing to conclude M&A deals in Brazil
while a tax break rvhich allows companies to deduct 34 percent of the premium paid in an acqui-
sition is still guaranteed, amid fears that it would be rescinded. This kind of tax incentive is rare,
so it attracts considerable interest from foreign investors. Coupled with the recent devaluation of
the Brazilian real, which made acquisitions cheaper for foreign bidders, tax deductions are cur-
rently one of the great attractions for acquisition deals in Brazil.2s
One study surveyed 103 experienced managers concerning the relative attractiveness of
various incentives for expansion into the Caribbean region (primarily Mexico, Venezuela,
Colomtria, Dominican Republic, and Guatemala). The results indicate the opinion of those man-
agers about which incentives are rrost important; however, the most desirable mix would depend
on the nature of the particular company and its operations. The first two issues reflect managers'
concerns about limiting foreign exchange risk, where restrictions often change overnight and
limit the abiiity of the firm to repatriate prolits. Other concerns are those of political instability
and the possibility of expropriation, and those of tax concessions.26 Nor att those incentives lim-
ited to emerging economies. The state of Alabama in the United States has spent hundrcds of
rnillions to attract the Honda, Hyundai, and Toyota plants.27
STRATEGIC FONMULATION PFSCESS
Typically, the strategic formulation process is necessary both at the headquarters of the corpora-
tion and at each of the subsidiaries. Most organizations operate on planning cycles of five or
more years, with intermediate reviews.
The global strategic formulation process, as part of overall corporate strategic management,
parallels the prccess followed in domestic companies. However, the variables, and therefore the
process itself, are far .
Mason Graphite Corporate Presentation - February 2016masongraphite
Mason Graphite is a Canadian mining and processing company focused on the development of its 100% owned Lac Guéret natural graphite deposit located in northeastern Québec. The Company is led by a highly experienced team that has over five decades of experience in graphite production, sales, and research and development. For more information, visit www.masongraphite.com.
TSX.V: LLG
ERHC Chief Operating Officer Peter Ntephe presented, ""Remodelling the Energy Industry for 2020," at the Nigeria Oil & Gas '10 in Abuja, Nigeria on Tuesday, February 23, 2010.
Geology 198 Registration, Disclosure, and Taxation.pptxRonniePenarroyo
Ownership in natural resources - general rule, foreign equity in mineral and energy;
Registration of business - private and public company investments;
Disclosure - key takeaways, material facts or events, and requirements under the law;
Taxation, royalties, incentives
Strategic Leadership and Human Resource Management - Creating a Culture of Human Capital in the Age of the 4IR (Fourth Industrial Revolution).
Deepa Abraham.
Mason Graphite Corporate Presentation - February 2016masongraphite
Mason Graphite is a Canadian mining and processing company focused on the development of its 100% owned Lac Guéret natural graphite deposit located in northeastern Québec. The Company is led by a highly experienced team that has over five decades of experience in graphite production, sales, and research and development. For more information, visit www.masongraphite.com.
TSX.V: LLG
ERHC Chief Operating Officer Peter Ntephe presented, ""Remodelling the Energy Industry for 2020," at the Nigeria Oil & Gas '10 in Abuja, Nigeria on Tuesday, February 23, 2010.
Geology 198 Registration, Disclosure, and Taxation.pptxRonniePenarroyo
Ownership in natural resources - general rule, foreign equity in mineral and energy;
Registration of business - private and public company investments;
Disclosure - key takeaways, material facts or events, and requirements under the law;
Taxation, royalties, incentives
Strategic Leadership and Human Resource Management - Creating a Culture of Human Capital in the Age of the 4IR (Fourth Industrial Revolution).
Deepa Abraham.
E book [Compilation - 2020] Succinct : A classic collection of 'Fine Beads' w...MNC
All of my e books compiled together over a period of some time with the intention to create content that can add value with experiential learning becoming an important element!!! HAPPY READING & LIVING WITH PURPOSE!!!
A miniature series of interesting thoughts and profound analogies that both inspire and offer a fresh new perspective to different situations and scenarios where you find yourself in the middle of the SEA but not a Drop to Drink - Why? - It's too SALTY :) :)
All of my e books compiled together over a period of some time with the intention to create content that can add value with experiential learning becoming an important element!!!
HAPPY READING & LIVING WITH PURPOSE!!!
It's a different bowl game is a new way depicting the ball game of life.....Sometimes we hit a sixer and sometimes it is no game or all out!! 'A bowl and a shaft' , here depicts both 'LIFE' and the world at large with a shaft or a propeller that acts like a 'COMPASS' to give us a direction when all is at stake or at bay!!!
Enjoy.... Happy Reading!!!
My Rice Barn -My River of Life (Mini Series of ebook)- (Revised version - 20...MNC
My Rice Barn - My River of Life is the way to look at a saga of distress and dysfunctional elements in our life and have what it take to convert it into an ocean of possibilities despite the set backs!!!
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
GLOBAL STRATEGY DEVELOPMENT & IMPLEMENTATION (ACADEMIC ASSIGNMENT) REV1.docx
1. Global Strategy Development and Implementation 1
Your Name
Instructor Name
Course Number
Date
Title: GLOBAL STRATEGY DEVELOPMENT AND IMPLEMENTATION.
Oil Search is a highly responsible Energy company with a proud heritage and huge market
share in Papua New Guinea with Corporate Offices in Australia and Asset bases in Alaska in
USA and Japan and Exploration interest in the Middle East and Africa. It is also listed on the
Australian Stock Exchange and has an ethos of ‘Sustainability’ embedded in its ‘Corporate DNA’
that contributes to a Sustainable Future!!
Apparently ‘Sustainability’ is threaded and interwoven through all the aspects and is an integral
facet of its business environment and it is built and raised on the 7 pillars of Sustainability
Framework/Model such as:
Climate
Environment
Community
Health and Safety
People and Policies
Integrity and Transparency and
Economic Sustainability
2. Global Strategy Development and Implementation 2
It is therefore imperative for a Multinational Company or Corporation to have a solid business
strategy foundation before entering specific ‘New Emerging Markets’. In this Report we are
venturing into evaluating and critically analyzing the Pros and Cons of New Business
Development and international expansion of its Subsidiaries like the Five Fingers of a Palm that
stretches across 5 Continents.
Utility of Strategic Management and business policy theories such as Cultural factors,
multi-level administrative requirements, Geographic and Economic Factors (CAGE) and
Adaptation, Aggregation and Arbitration Framework (CAAA).
In order to bridge the GAP between cultural, administrative, geographic and economic
distances that exist between the host and target or destination countries, it would be highly
essential to follow the PESTEL ANALYSIS of higher order thinking to outline the
different macro-environmental factors that can affect business strategies.
As global economies and socio-economic factors supersedes domestic economies, it is
quite imperative for large MNC’s to consider numerous opportunities and threats before
emerging into new markets.
Political Factors: Since Oil Search has its parent company in (Papua New Guinea) PNG,
the long-term nature of operations and its adaptability in that business environment has a
lot to say in terms of its operability and scalability in that region as it has grown to be the
largest contributor of Oil and Gas to the PNG Government Stakeholders.
Since 1929, Oil Search has grown from its base in PNG to be the largest active Oil and Gas
explorer with operative licenses for Drilling and Gas Exploration with a huge market share
and more than a 100 Million USD$ - 500 Million USD$ of payments being made in lieu
of Taxes, Royalties and Commissions being levied by the PNG Government to sustain the
3. Global Strategy Development and Implementation 3
PNG economy and to enable it to stay resilient even under the pressures of Covid
restrictions and a crisis that has forced many companies and communities to perform in a
substandard manner due to market pressures and technical disruption.
As a result, vested interest in oil exploration has now grown by “leaps and bounds” to
explore the archipelago of the Middle East as Bahrain is a group of Islands with huge
potential for growth due to Oil Reserves for contingencies.
Bahrain’s National Oil and Gas Authority (BNOGA) has been incidental and
enthusiastic about drilling and exploration of oilwells in its Offshore and drilling blocks
and oilfields to the North of the Kingdom of Bahrain as it is nearest to the vast expanse of
land nearest to Saudi Arabia and the Arabian Peninsula .The estimated area of 2800 sq km
and a depth ranging from 10 -70 meters is the approximate area of an oil and gas
exploration project that requires a Production and Exploration Agreement to be signed off
at the dignitaries level with a meeting comprised of high level delegates.
The Policies are entirely different in both the host and destination countries as the Middle
East is a Tax Haven unlike the (Papua New Guinea and Australian Government) that
embodies a regulatory framework of taxes and fees levied in the form of mining and
petroleum tax (Corporate Income Tax), Group Taxes and Royalties which contribute to the
major share of government revenue after earnings before tax.
Social and Socio-economic Factors: These factors are generic in nature and has a Cause
and Effect’ relationship between the host and the destination country. In this case we are
critically evaluating and outlining the viability of Oil Exploration interests in Bahrain in
the Middle East. Here, the population demographics and distribution of wealth in terms of
‘Oil Reserves’ guarantees 100,00 Barrels per day and what more concepts like ‘Resource
4. Global Strategy Development and Implementation 4
Mobilization’ and the educational level and change in lifestyle trends have a pre-
dominant role to play.
Technological Factors and Environmental Factors: The Role of Technology and
technical knowhow cannot be undermined in this COVID Era where the global pandemic
has been ransacking lives mercilessly. As such the scope and need for digital
transformations are driving in a paradigm shift into a ‘Knowledge Economy’! In order to
support the transitioning process, MNC’s are investing heavily in R&D drives too for
harnessing the strength of innovative methodologies in the operational systems.
Recognizing evolving technologies: Is the need of the hour and this is for the reason of
achieving an Optimal level of internal efficiency but there are a few inherent THREATS
to disruptive technologies that could hamper of affect the business environment.
New technological platforms could provide the base for Administrative and Operational
back up and trouble shooting issues and Cybersecurity concerns could also be addressed
by an In-House Team of Subject Matter Experts (SME), with technical knowhow and
expertise in Information Technology and Systems. This is to help combat the challenge of
becoming obsolete and deal with erupting issues due to technological advancements as
CHANGE is the only CONSTANT!!
Environmental Factors: This kind of critical evaluation and analysis is the most realistic
of all the different measures used to gauge the extent of hazards and the impact thereof
when strategically planning an implementation of MNC Proliferation into specific
Emerging Markets for New Business Development taking into consideration the market
forces and competitive edge on the basis of the Firm’s Strategy, Structure and
5. Global Strategy Development and Implementation 5
Rivalry; Factor Conditions; Demand Conditions; and Related and Supporting
Industries in the same business Segment. (Porters Diamond Framework/Model)
While Oil Exploration and Drilling interests in the Middle East and particularly in the
archipelago like the Kingdom of Bahrain seems to be gaining prominence. It is important
to note that Bahrain, as an emerging market with a Govt revenue from oil reserves
exceedingly approximately 68.4% from current market data and statistics, has engaged
6. Global Strategy Development and Implementation 6
many international companies to drill Offshore appraisal wells to evaluate the commercial
viability of the gas reserves in the deep gas reservoirs and allows permits for exploration
licenses with Knowledge Partners.
It is also to be noted that laying of Pipelines for drilling and exploration purposes requires
a thorough study of the Oilfields and the government stakeholders therefore invites
companies like Oil Search to formally register an Expression of Interest (EOI) in order to
find access to a virtual Data Room and there are several rounds of discussions involved in
the bidding process before it is possible to enter into a MOU (Memorandum of
Understanding) and sign an Exploration and Production Sharing Agreement.
Other Reportable Factors from Personal Experience:
While it is possible for international companies like Oil Search to diversify investments
and vested interests in the Middle East. It is to be noted that converting an Oil Field into
an Middle East Asset base involves a highly complicated process of entering into several
dialogues with the Govt Stakeholders and it involves a bidding process, compliance and
strict adherence to certain protocols and acquisition of a Strategic Asset is a great
achievement indeed.
Finally, to bridge the knowledge GAP between cultural, administrative and factors
affecting the dynamism of the Economy in which it operates a strategic asset, it is
more than imperative to select an appropriate business strategy and risk mitigation
strategies inherent due to technical internal and external factors.
When high level delegates are involved, it includes (Business Organizations,
Government Stakeholders of the PNG Govt and the National and Federal Authorities
7. Global Strategy Development and Implementation 7
of the Kingdom of Bahrain) and this facilitates arrangement of power and water
resources and logistics.
Addressing logistical concerns in itself is a huge concern due to a number of factors like
difference in time zones, liaison and coordination with global corporate offices in order to
fly the Rotational Staff (both In and Out) and the kind of staff include geophysicists and
geologists and training coordinators and Risk Mitigation Mangers and Occupational Health
and Safety Practitioners for the requirements Onshore and Offshore.
While the fundamentals of Global Strategic Planning illustrates deeper emphasis on the
deeper fundamentals of Strategic Planning and Implementation , it is also necessary to
focus on alliance based issues, legal rules and regulations of the target / destination country ,
religious and local sentiments , cultural restrictions, intellectual property rights and
challenges in implementing technological innovations during a PHASE of business
expansions to support the Operational base in the newly acquired STRATEGIC ASSET
BASE!!
9. Global Strategy Development and Implementation 9
This Figure is an Illustration of the Local Community of the Host Country in PNG (Papua New
Guinea) Vs a Self-Explanatory picture of the lucrative advantage in the Destination Country.
10. Global Strategy Development and Implementation 10
Works Cited
Qian. W.,Tilt,C. and Belal,A orcid.org/0000-0001-6144-8907 (2021) Social and Environmental
Accounting in Developing Countries: Contextual Challenges and Insights. Accounting, Auditing
and Accountability. Journal, 34 (5). pp. 1021-1050. ISSN 0951-3574 http://doi.org/10.1108/
AAAJ-03-2021-5172