CIMA GLOBAL BUSINESS CHALLENGE CASE STUDY YJ – OIL AND GAS INDUSTRY

CIMA GLOBAL BUSINESS CHALLENGE CASE STUDY YJ – OIL AND GAS INDUSTRY

Adebe Ayrinde — Director of Drilling Operations Adebe Ayrinde, aged 58, has worked for some large, international energy companies for over 30 years. The oil industry has stated that there are only 40 years of proven reserves. They own and maintain their own mobile drilling rigs and usually operate globally. Introduction The consolidated financial statements of Volex Group plc. Farm-out To assign or sell an interest in a licence to another oil and gas production company. The treatment of business expenditure for the mining and petroleum industries More information. The oil industry has stated that there are only 40 years of proven reserves.

This is clearly self-defeating! This is a commonly used form of licensing where the government will take an agreed negotiated percentage share in the profits generated from the production of oil and gas. There have been extensive studies trying to determine the case structure for crude oil. Orit Mynde Chief Financial Officer was concerned that YJ did not currently have adequate funding in place for test and production drilling at new locations. As such YJ only supervises the technical operations. The government will only share in the profits when oil and gas are actually produced. Deepwater fields are much more difficult and expensive, and delays here are common.

A field if large enough could warrant many individual wells. He ownsshares in YJ which he purchased in Further new funding would be required for test and production drilling at any newly licensed oil and gas fields, depending on if, and when, YJ was to be granted further licences. The loan financier could be 5. YJ can always sell its oil and gas, and it is usually sold before the oil and gas is shipped ashore.

cima global business challenge case study yj - oil and gas industry

Farm-out To challegne or sell an interest in a licence to another oil and gas production company. The market was unhappy at the write-off of drilling costs for the oil and gas field DDD, but one failed oil and gas field is deemed to be an acceptable risk in this sector.

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All three of the oil and gas businezs that are currently in operation were identified and discovered and brought into production solely by YJ with no other company involved.

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Assessing the market conditions is not easy because data on chqllenge, shocks and exports are not easily available given that Non-OECD countries have no obligation to provide data to the IEA. Alternatively, YJ may need to consider a farm-out arrangement for part of one or more licences that it may be granted in the future. Of these employees, around half of them work on the exploration of potential new oil and gas fields. GBC Jot case study.

Yj oil and gas industry case studyreview Rating: To date, YJ has not participated in either of the farm-in or farm-out possibilities. First Quarter highlights: Since YJ was listed on AIM inanv has applied for a total of eight licences for test drilling, including the four it is awaiting to hear whether it will be given a licence for.

CIMA Global Business Challenge. Case Study. YJ – Oil and gas industry

This is usually a port close to the respective oil and gas fields. These small European oil and gas exploration and production companies have almost offshore drilling licences spread across over 50 countries worldwide. YJ uses outsourced drilling teams and outsourced service personnel for these off-shore inustry. This generates enormous revenues for these mineral rich countries. To conduct all business dealings with integrity and to the highest standards.

Yj oil and gas industry case study – Oil & Gas Industry – Term Paper

NPV is covered in Chapter 8 and real or nominal terms in Chapter 9. The remaining eight potential oil and gas fields, in Asia and Africa, are at earlier stages of survey work and exploration. The oil industry has stated that there are only 40 years of proven reserves. All three oil and gas fields are located off-shore with shallow-water drilling fima.

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This is bopd multiplied by days to calculate annual volumes. Its expertise rests with its oio knowledge and its ability to control the outsourcers.

cima global business challenge case study yj - oil and gas industry

Improving operational performance once an existing oil field is operational the only way to actively manage a better performance is to improve operational efficiency.

This is natural challene volumes expressed in the equivalent volume of a barrel of oil. Upstream — this involves the exploration, drilling of exploratory wells, subsequent drilling and production of crude oil and natural gas. The government will only share in the profits when oil and gas are actually produced.

CIMA Global Business Challenge. Case Study. YJ – Oil and gas industry – PDF

Following some international terrorist incidents in earlyLee Wang persuaded the ccima to appoint an international security company. The governments of the countries which have the natural resources of oil and gas raise large amounts of revenue from licensing the right to test drill and to bring the oil and gas fields into production. In order to satisfy all of its shareholders and other stakeholders, YJ always considers the implications of its actions and CSR yyj incorporated into its management systems and procedures.

He began his career as an engineer in oil production and knows and appreciates the risks of the industry. This is natural gas volumes expressed in the equivalent volume of a barrel of oil.

YJ s board YJ s board consists of a non-executive Chairman and five non-executive directors as well as six executive directors.