In this industry knowledge carries value. Upstream this involves the exploration, drilling of exploratory wells, subsequent drilling and production of crude oil and natural gas. Do NOT open this paper More information. These policies have been consistently applied. Adebe Ayrinde is responsible for the selection, appointment and management of all outsourced specialist drilling teams. To strive to protect the environments in which we operate. This typically occurs when the contracted volumes of oil and gas are delivered to the port in the country agreed in the contract of sale.
Downstream — this involves distributing the by-products of the refined oil and gas down to the retail level. Lee Wang, Director This is the end of the preview. These look like ships but are positioned at oil and gas production sites for years at a time. A glossary of terms and definitions is shown on page Many of these companies, although retaining the production licence, outsource the entire production operation.
Yj oil and gas industry case studyreview Rating: Also there is an increase in oil and gas exploration being undertaken ooil, and around the coasts of, Asian and African countries. Managing the risk of oil and gas exploration which results in an unsuccessful oil or gas field that cannot be taken into production. Continuous improvement of HSE performance by monitoring, reporting and on-site audits.
There are several ways in which the government raises funds from licensing, including entering into a joint venture agreement with the oil and gas company to share profits. These licence possibilities are defined as follows: Business challenges facing YJ Like other companies in the oil and ibdustry industry, whether cims or small, YJ faces a range of challenges which are summarised as follows: To research how pil and supply based pricing works follow this link 4.
He joined YJ in and has been instrumental in the location of oil and gas fields, and the successful bidding and licensing of YJ s three current oil and gas fields. 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.
CIMA Global Business Challenge. Case Study. YJ – Oil and gas industry
Millions of barrels of oil equivalent. A summary of YJ s board is shown in Appendix 1 on page Contingent resources are defined as oil and gas reserves which are not commercially feasible to extract using current chaloenge. This involved obtaining the required licences, test drilling and then proceeding through to production drilling at these three locations.
Net cash balances at the year-end were 2. There have been extensive studies trying to determine the case structure for crude oil. These policies have been consistently applied More information.
An area that only has the potential for oil and gas reserves is not xtudy valuable as one that has proven reserves. This is shown in the diagram below: Upstream — this involves the exploration, drilling of exploratory wells, subsequent drilling and production of crude oil and natural gas.
Defined as wells which are drilled primarily for the production of oil or gas.
Yj oil and gas industry case study – Oil & Gas Industry – Term Paper
This involved obtaining the required licences, test drilling and then proceeding through to production drilling at these three locations. A glossary of terms and definitions is shown on page 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 rising demand for natural gas, particularly from Asia, may push up natural gas prices. Pil Wang, Director of Health, Safety and Environment, considers that accident prevention is a busineas factor in the oil and gas industry, as the results of even a minor accident can be significant or even catastrophic.
Bandwidth Limit Exceeded There have been extensive studies trying to determine the case structure for crude oil. A field if large enough could warrant many individual wells. 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.
Oil is being extracted in increasing volumes and is vital to many industries for maintaining industrial growth and for nearly all forms of transportation.
They own and maintain their own mobile drilling rigs and usually operate globally. Test wells are also used to assess the characteristics of a proven oil or gas reserve, in order to establish how best to bring the oil and gas into production.
Developing specific HSE plans for each potential oil and gas field depending on the local and environmental conditions. Examine the multinational company BP Author: We only advise on our own life assurance, pensions and unit trusts Csse following is the text of an announcement made today by HSBC Bank Malta p.
Sign up to access the rest of the document. He became frustrated by these companies lack of commitment to environmental and safety aspects of drilling operations.