Risk Mitigation Using Joint Venture Agreement in the Upstream Petroleum Industry

15328 WordsJul 11, 201362 Pages
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

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