These policies have been consistently applied More information. YJ has PSA licences from each of the respective governments for these three oil and gas fields whereby the governments receive a share of the profits after royalties and production costs. The time taken from identification of a potential oil and gas field to the start of oil being produced normally varies between one and three years, depending on the technical difficulties being faced. The headquarters of Awilco Offshore is in Oslo. Revenues are accounted for at the point of sale which is at the same time as the legal transfer of ownership.
Yj oil and gas industry case study , review Rating: YJ hires mobile drilling platforms and FPSOs as the cost of owning drilling platforms is too prohibitive. Paul Anthony Thomas More information. Recruiting and retaining a motivated workforce with the required skill set. This includes any costs previously capitalised at the point that the oil and gas field is determined not to be productive. Service companies — these outsourcers provide a range of specialist support services including test drilling, divers and even catering services for off-shore drilling facilities.
To conduct all business dealings with integrity and to the highest standards. Revenues are accounted for at the point of sale which is at the same time as the legal transfer of ownership.
Essay – Words The businwss from the industry is only going to exacerbate that problem.
Selecting, appointing and effectively managing competent outsourced contractors. However, he suffered serious ill health and chose to retire in April Yj oil and gas industry case studyreview Rating: To conduct all business dealings with integrity and to the highest standards. These three oil and gas fields were identified and surveyed in the company s first few years of operation.
Product Disclosure Statement 16 June Where possible the industry leading software package was selected.
Its expertise rests with its geology knowledge and its ability to control the outsourcers. YJ uses outsourced drilling teams and outsourced service personnel for these off-shore installations. Financial objectives are covered in Chapter 1. During 2Q the full scale onshore More information.
Assessing the market conditions is not easy because data on supply, shocks and exports are not easily available given that Non-OECD countries have no obligation to provide data to the IEA. Therefore, YJ s geologists and survey teams are considered to be doing their research work extremely well.
FPSO Floating production, storage and offloading vessel. Free starting a business books Free management skills More information. Defined as wells which are drilled purely for information gathering purposes in a new indusstry.
Their function is to establish whether survey information has accurately identified a potential new oil and gas reserve. The acquiring company has to satisfy the government of the country which issued the licence that it meets all of its specified credentials.
The Role of Financial Planning: Managing the threat posed by terrorist activities. Details of the production of oil and gas from these three oil and gas fields for the last two financial years are shown in Appendix 4 on page He joined YJ four years ago when its first oil field was casf and ready to be drilled.
However, YJ has licence applications pending for four new oil and gas fields and is currently surveying eight further potential oil and gas fields.
CIMA Global Business Challenge. Case Study. YJ – Oil and gas industry – PDF
Only one potential oil and gas field, DDD, was established to be far smaller than had been originally estimated and was not considered economic to take into production. Survey and scanning software packages, enabling the geologists to share data and build up 3D images for each area within a potential oil and gas field. Oil is being extracted in increasing volumes and is vital to many industries for maintaining industrial growth and for nearly all forms of transportation. The team has been extremely successful to date with only one failure see below.
Financial management involves planning, allocation and control of financial resources of a company. The investors are typically large institutional investors.
Yj oil and gas industry case study – Oil & Gas Industry – Term Paper
Revenues are accounted for at the point of sale which is at the same time as the legal transfer of ownership. This is natural gas volumes expressed in the equivalent volume of a barrel of oil.
The shares are held as follows: Also there is an increase in oil and gas exploration being undertaken in, and around the coasts of, Asian and African countries.