RISK MITIGATION USING VENTURE AGREEMENTS IN THE UPSTREAM INDUSTRY
(A CASE STUDY AND MODELLING APPROACH)
BY
SODE ADESOJI O. (51124473)
AUGUST 2012
A Dissertation Presented In Partial Fulfillment Of The Requirements For The Degree Of
MSc. International Business Energy And Petroleum
At
The University Of Aberdeen
DECLARATION
I declare that this thesis has been composed by myself, that it has not been accepted in any previous application for a degree, that the work of which it is a record has been done by myself, and that all quotations have been distinguished appropriately and the source of information specifically acknowledged.
Signed: ………………………………………………………..
Name: ………………………………………………………..
Date:
…show more content…
ting Risk through Joint Venture Agreements
2.10 Case Study 1
“CONOCO POLAR LIGHTS JOINT VENTURE IN THE RUSSIAN FEDERATION A SUCCESSFUL STARTUP EXPERIENCE” 2.10.1 Structure of Joint Venture 2.10.2 Partner Selection & Choice 2.10.3 Contractual Terms 2.10.4 Venture related Risks 2.10.5 Learning Highlights
2.11 Case Study 2
“ECUADOR ORIENTE BASIN BLOCK 16: AN EXPLORATION AND PRODUCTION JOINT VENTURE” 2.11.1 Structure of the Joint Venture 2.11.2 Venture related Risks 2.11.3 Exploration & Production/ Conoco Corporation’s Withdrawal 2.11.4 Economic, Financial & Political Setbacks 2.11.5 YPF South America Intervention 2.11.6 Learning Highlights
Chapter 3 Data, Methodology & Modelling
3.1 Introduction
3.2 General Parameters
3.3 Field Parameters
3.4 Methodology 3.4.1 Scenario 1 (NOC & Investor) 3.4.2 Scenario 1 Monte Carlo Simulation 3.4.3 Scenario 2 (NOC, Investor and other partners) 3.4.4 Scenario 2 Monte Carlo Simulation 3.4.5 Scenario 3 (Budget Allocation) 3.4.6 Scenario 3 Monte Carlo Simulation
Chapter 4 Model Results, Limitations & Discussion
4.1 Introduction
4.2 Scenario 1 Analysis 4.2.1 Appraisal Result 4.2.2 Simulation Result 4.2.3 Sensitivity Analysis
4.3 Scenario 2 Analysis 4.3.1 Appraisal Result 4.3.2 Simulation Result 4.3.3 Sensitivity Analysis
4.4 Scenario 2 Analysis 4.4.1 Appraisal Result 4.4.2 Simulation Result 4.4.3 Sensitivity Analysis
4.5 Assumption Limitations
4.6
I declare that the work contained in this assignment is my own, except where acknowledgement of sources is made.
Nissan Motor Company was one of the first Japanese Automobile companies to build facilities in North America. The company was reborn from crisis. They were rescued from bankruptcy in 1999 by Renault, and this sense of crisis still persists in the organization to this day. After the 9.0 magnitude earthquake hit the coast of Japan on March 11, 2011 Nissan Motor Company, just like they did in 1999 when they faced financial difficulties, focused on identifying and analyzing the risks by establishing a dedicated risk management function that was responsible for these activities.
Risk management is a critical component to the success of any supply chain, yet this is still an area that sees little forward movement. In many organizations, risk management is viewed more as a reactive department, only becoming operational when a significant disruption arises in contrast to being an active and continual department with focused effort. As a supply chain moves to take on a global stance, risk management cannot be treated as a reactive measure. Global supply chains are exposed to greater risk than local/domestic supply chains as their linkage is more
1. The work contained within this assignment is my own work, and is not directly taken from any other source.
I declare that this assignment is my individual work. I have not worked collaboratively nor have I copied from any other student’s work or from any other source except where due acknowledgment is made explicitly in the text, nor has any part been written for me by another person.
If you have gotten this far in my essay, I give you my thanks for reading the whole thing. However most of these facts are true if not all. I give my apologies if some are wrong. Although I chose many websites to find these facts and subdued the ones I wasn't sure were true, There are three problems to this, the age of the website, the reliability of the website and comprehension or the reader researching from the website. And albeit I used Google, a highly reliable search engine, there may be a chink in the armor, if so, sorry.
The article describes the author at the time of this writing (2009), had his primary focus towards his PhD, thesis, at the University of Edinburgh.
“I declare that I am the sole author of this assignment and the work is a result of my own investigations, except where otherwise stated. All references have been duly cited”
I hereby certify that this paper constitutes my own product, that where the language of others is set forth, quotation marks so indicate, and that appropriate credit is given where I have used the language, ideas, expressions or writings of others.
J.P. Morgan Private Bank was one of the most successful banking services globally. It offered high-end financial products and services with professional risk management team. In financial crisis, the Private Bank successfully survived with relatively great performance. This paper would exposit the key to their success of risk management by answering six questions.
My signature indicates that this document represents my own work. Excluding shared data, the information, thoughts and ideas are my own, except as indicated in the references. I have submitted an electronic copy through Balckboard to be scanned by TurnItIn.com. In addition, I have not given aid to another student on this assignment.
I hereby declare that this submission is my own work and to the best of my knowledge, it contains no material previously published or written by another person, nor material which to a substantial extent has been accepted for the award of any other degree or diploma at any educational institution, except where due acknowledgement is made in the thesis.
I declare that this assignment which I submit in partial fulfilment of the assessment requirements on MB602 is my own work, attributes relevant quotes and/or ideas to the respective authors/owners of such quotes/ideas, adheres to the Harvard style of referencing, and has not been submitted as an assignment elsewhere.
This course work is an analysis of the Joint Venture relationship between Chevron Nigeria Limited (CNL) and the Nigerian National Petroleum Corporation (NNPC).
I confirm by submitting this work for assessment that I am its sole author, and that all quotations, summaries or extracts from published sources have been correctly referenced. I confirm that this work, in whole or in part, has not been previously submitted for any other award at this or any other institution.