Executive summary:
Before entering Iraq, Talisman must do their due diligence in order to maximize profits and minimize risks. Due diligence would require a thorough review of both surface and subsurface risks to successfully extracting oil from Iraq and bringing it to market. It is important that they clearly indicate what needs to be done. Given Talisman’s background in Sudan: 1) Being accused of indirectly giving weapons to the Sudanese government by the NGOs which created lots of media attention and bad press. 2) Talisman used their influence and adopted steps to stop human rights abuse in Sudan, leading them to become the largest independent oil and gas firm on the basis of revenue. 3) NGOs and Sudanese people formed a lawsuit
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Current: in Iraq
* As of 2008, the war in Iraq was far from over and there remained considerable, political unrest and the ongoing fighting was considered by many to be a civil war. * With ongoing fighting within Iraq and a relatively new government there is a substantial risk that the government may decide to expropriate the land and nationalize oil production. * Until the country is more stable and law enforcement is effective, there will be ongoing concerns having to deal with corrupt military, police and government representatives. * Within such an environment it would be difficult to ensure the safety of the company employees. * Infrastructure concerns regarding roadways, energy supply, health and communication abilities will add to the difficulties Talisman must factor into their decision. * Potential outside influences from NGOs will also have to be addressed. * However, the upside potential for profitability was enormous with geological surveys estimating Kurdistan reserves at 39 billion barrels. * Surface concerns were mitigated by a number of factors. * The removal of Saddam Hussein and a U.S. backed Iraqi government was considered proof of political stability, especially in the Kurdistan area, which was considered safer than the rest of Iraq. * The Kurds were anxious to advance their decades long desire for autonomy and to
The Iraq War, also known as Operation Iraqi Freedom, took place in 2003 and dragged on for almost nine years, until the withdrawal of US troops in December 2011. The invasion was justified by the US using the new National Security Strategy that was proposed by the Bush administration. One of the key features of the National Security strategy was the justification that the US could preemptively strike targets nations that it deemed a threat to the security of the US. In order to justify the invasion of Iraq, the governmental leaders in the US claimed that Saddam Hussein had ties to Al-Qaeda and other terror groups, as well as using Saddam’s use of chemical weapons as legitimization for the war. Once the war began on March 20, 2003, the original
When one thinks of Iraq war, the two key players are perceived to be George W. Bush and Saddam Hussein. As leaders of the opposing sides, they are also perceived as the decision makers. In the individual and sub group levels of analysis, toppling of the Hussein’s regime in Iraq was a success. This success
Iraq and Iran have been subjected to a civil war since the seventh century (Murphy 1). This existing problem began because of political and theological divergence, but with the help of outside forces such as Britain, Russia, and North America, it developed into a more complex crisis.
For many ongoing years now, Syria has been in a war with thousands of fleeing refugees, terrorists that could be attacking at any minute, and the constant involvement of other countries that has done more harm than their planned good. I believe that the foreign involvement of countries such as the US and Russia have fueled more of the ongoing violence in Syria.
…The U.S. began the Iraq war with the goal of ridding the region of a tyrannical government that didn’t protect its people. However, a decade later, at the conclusion of the U.S. military mission in Iraq, the people are perhaps worse off than they were before the
far more volatile state than when military operations first began in 2003. And currently, as the
The course of the Iraq War has been shaped immensely by the geography of the region for nearly 40 years. The movement of Iraq forces throughout the region, for better or worse, has had many effects on the way in which the way has gone. For instance, these forces often threatened certain resources needed by many countries and regions. The result of this was often war or conflict, concluding in a devastating amount of casualties. This also left Iraq with debt as well as very low resources such as food and water. The basis of the whole entire war has been on certain aspects of the geography, which has had a result of creating many small wars throughout this whole ordeal as well as many other
Two-thirds of the world’s remaining oil reserves are in the Middle East which will make international policy imperative in the future (Campbell 2007). It is
This report presents information regarding the industry, the primary operator of oil and gas field properties. The industry fuels its key buyers, the Natural Gas Distribution (22121) and the Petroleum Refining (32411) industries, with crude oil and natural gas. The industry continuously battles a shortage of available oil. In addition, many major oil fields have been in use for decades, slowly waning. Currently, the industry grosses among the most profitable in the US despite these and similar obstacles. The benefits of investing here
Within three weeks the US led 49 countries into Iraq and overthrew the government. The Iraqi War has caused large controversy in this country and around the world. The real question is wether or not the cost of lives and dollars was worth it. Although Iraq may have posed a security risk to the US, the war did not provide substantial benefit and caused more financial issues and human expenditure. Outside countries say the War violated international law, killed countless, wasted millions of dollars, and made the US more vulnerable to terrorism.
The Iraq War was a conflict that lasted from 2003-2011, and many gave their lives to see this conflict end. While many supported the war at the beginning, opinions of the war quickly began to change as to whether the war was justifiable. Many who supported the war justified it saying the war routed out terrorist and brought stability to the region, but opponents argued that the war generated more violence and destabilized the area. There are several points for each reason, and both opinions are valid. However, the majority of opinions at the beginning say that going into the Iraq War made no mistakes, but five years later, the public opinion said that going into Iraq was a mistake (Evans, 2009). Then a few more years
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.
After the gulf wars, a ceasefire was negotiated between the United Nations coalition and Iraq. During the ceasefire, the United Nations became aware that Iraq had started a biological warfare program in the 1980s, as well as a chemical warfare program. Upon further investigation, they found that these programs had not continued after the war. As a result, the United States main focus moving forward was the removal of the Saddam regime, their official foreign policy for years to come focused on this goal. With the suspicions that Saddam Hussein had the abilities to acquire weapons of mass destruction, the Bush administration going as far as to claim he already had them, the United States and other countries began devising a plan of action. These countries strongly believed that Iraq was a treat to its neighbors and the rest of the world, and that the only solution was to invade Iraq. The United States invading Iraq in 2003 was a turning point in the reason why relationship between Iraq and the United States is the way it is today.
In order to fully interpret the nation of Iraq’s holistic condition during and after the Saddam Era, Social, Political, and Economic factors must be weighed accordingly and in contrast to each other. In order to do this, the span of years leading up to 1989, and
Due to complications in gaining access to risk capital and lack of expertise wanted for resource exploration and production, most developing nations with oil and gas reserves grant development right to foreign companies, which have adequate expertise, technology and capital to fund the project including the capabilities to manage