Talisman Case in Iraq Essay

739 Words3 Pages
Talisman Energy INC.: The Decision to Enter Iraq

I. Introduction Any company that decides to expand internationally should consider many complexities that it might face. Because of the differences in political system, culture, surrounding environment, and many other factors, there might be great barriers for a firm to expand internationally. The CEO of Talisman Energy Inc and senior executive team have to convince the board of directors to enter Kurdistan region of Iraq. After Talisman's scandal in Sudan, taking any other step into an unstable region carries a great risk.

II. The Problems 1. Talisman Energy Inc. started as a small independent oil company which needed to grow and expand internationally since that North
…show more content…
Talisman cannot take the risk and face another scandal like what happened in Sudan.
Talisman should investigate about how independent Kurdistan is from the rest of Iraq, if there is any singe of conflict between Kurdistan and the government of Iraq, Talisman then should clear it out with the Iraqi government. It is as I mentioned an unstable region, so there is a great chance of conflicts.
Talisman should clear out how the shares after oil discovery will be divided, since that they are not sure of finding oil or not, there might be some conflicts after the oil discovery, simply because oil is demanded all over the world, so the Iraqi government might change it's mind and decide to get its share of the profit.
Talisman should use the media to their side before any other conflict appears. There should be some meetings with NGOs to clear out Talismans policy and intentions in entering Iraq. There has to be a communication between Talisman and the NGOs to make sure that the company is away from funding any civil wars. That way, shareholders will feel even more comfortable, and the company will not risk its reputation.

V. Implementation of the Solutions (1) Talisman should start meeting with NGO's before they enter Iraq, this way the company will be clear with the rest of the world about their future moves. (2) The investigation about the situation between Kurdistan and the

More about Talisman Case in Iraq Essay

Open Document