¶ … Petroleum Companies through Agility Measurement
The purpose of this paper is to evaluate petroleum firms and focus on their agility factors, after that a conclusion can be achieved that specifies which one of the firms are more agile as compared to the rest. In this paper, a questionnaire will be built which will help in analyzing the petroleum companies. The measurement of agility here will be dependent on four main points, these are the Production strategy, the technology, the human resource and the organization structure. Each section will start with brief introduction which will describe the importance as well as the relation of that factor to the agility measurement. It will also seek to describe on how the agility can be derived from the requested information in the questionnaire.
Firstly, there has been some analysis of the oil companies in detail, many factors will be assessed regarding the oil companies such as their revenues, their origins, locations in which they currently conduct their operations and those in which they have extreme interest in, their current strategies and their future prospect. A look at the subsidiaries of these companies will also be covered, this will show that the firms are actively engaged in many different activities besides the regular business such as the heavy investment of many of the petroleum companies in renewable energy sources.
There is a huge effect on global political events by the petroleum companies, since energy requirement of the developed as well as developing economies grow more and more each day, the oil firms have more shares on many of the key political decisions being taken by industrial powers. Here the agility factor of the major oil companies plays a vital role in assuring their survival in an ever tough competitive environment.
Overview and Facts
In this section, there will be an overview of the three oil companies namely Petroleum Development Oman (PDO), Occidental Petroleum and Daleel, spotlight will be put on some of the major facts which surround this industry. The petroleum industry has many different subsidiaries besides the production of main fuel oil and petrol such as the production of various kinds of petroleum related and chemical products like pharmaceuticals, plastics and so on.
The total consumption of oil in the world is about thirty billion barrels in a single year. Here, the U.S. consumed more than twenty percent of the total which was produced in the year 2010. It is the biggest industry in the world taking account of all of its measures such as production, distribution and so on. Venezuela is estimated to have the biggest oil reserves in the world, after that Saudi Arabia has the second biggest reserves.
Now, let's have an overview of PDO. Petroleum Development Oman (PDO) is the biggest oil company in Oman, it is responsible for about ninety percent of Oman's oil production as well as almost all of the country's gas supply. PDO is owned by the Federal Government there who has more than fifty percent stake in it. Other big firms such as Royal Dutch Shell has some one third stake, Total (which is a French Oil firm) has four percent interest. In Oman, the first oil find was done in the 1960's.
The firm PDO searches for oil fields, it then develops these fields into more useful assets by doing many operations such as hydrocarbon treatment. The final product i.e. The crude oil which is made from oil wells is then stored rather than sell out by the firm.
From here on, it is then uploaded to the seagoing tankers which then functions on the commands of the firm's many different shareholders. Therefore, the firm's earnings do not come from the direct sale of oil. The main shareholders then take care of the budgeted operating as well as the capital expenditure. The overall revenues of PDO are increasing on a yearly basis which highly based on the rising oil prices at the market. It has more than ninety percent of Oman's oil fields which enables it to export more than seven hundred thousand barrels per day. Here Oman uses some sixty nine thousand barrels each single day which is considered to be some one third of the country's total energy needs, the rest is fulfilled through natural gas.
PDO is also greatly involved in the development and operations of natural gas fields as well as related production systems with the firm assistance from the Omani government. Here, the PDO gives gas to national gas system that is responsible for much of Oman's power generation plants as well as many of its industries. Some major things which are included...
Market Analysis The third principle, that markets that don't exist can't be analyzed, reminds managers that assessing the effects of disruptive technologies is often counter-intuitive to good management practice. Many companies require the development of a business case and a business plan for new products. This approach is generally very successful when applied to sustaining technological innovations, because the market is well-known; however, when companies apply this strategy to new, emerging
A large body of literature has treated many different aspects of these influences on Asia, Europe and the United States (Busser & Sadoi, 2003). The importance of the study relates to the current trends taking place in Libya where aggressive steps have been taken in recent years to normalize relations with the international community. For example, Libya opened up its programs to develop weapons of mass destruction to international
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now