Innovation in the management of upstream state oil contracts in the Republic of Congo : from transaction to Cooperation for Economic Development
Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management, 2010.
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| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2010
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| Online Access: | http://hdl.handle.net/1721.1/59127 |
| _version_ | 1811094528172490752 |
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| author | Moussa, Yaya |
| author2 | Donald Roy Lessard. |
| author_facet | Donald Roy Lessard. Moussa, Yaya |
| author_sort | Moussa, Yaya |
| collection | MIT |
| description | Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management, 2010. |
| first_indexed | 2024-09-23T16:01:36Z |
| format | Thesis |
| id | mit-1721.1/59127 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T16:01:36Z |
| publishDate | 2010 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/591272019-04-12T09:06:42Z Innovation in the management of upstream state oil contracts in the Republic of Congo : from transaction to Cooperation for Economic Development Moussa, Yaya Donald Roy Lessard. Sloan School of Management. Sloan School of Management. Sloan School of Management. Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management, 2010. Cataloged from PDF version of thesis. Includes bibliographical references (p. 73-78). This thesis examines the often competitive interests involved in oil contracts and the ensuing strategic dilemmas faced by both the Republic of Congo and international oil companies that operate in that country. Throughout this thesis, we use the Issues-Frameworks-Actions approach to identify, analyze and propose solutions to key problems facing Congo and IOCs. The paper first analyses the historical, legal and institutional background of oil contracting in the Republic of Congo. The production sharing contract (PSC) is the prevailing contractual framework for oil business between the Congolese government and international oil companies (IOCs). The national oil company, SNPC, has received a mandate from the government to act in its name vis-a-vis IOCs. In a second step, the paper develops new analytical frameworks and discusses the strategic challenges posed by the current PSCs to both Congo and IOCs. Multiple levels of information and skills asymmetries challenge Congo's ability to effectively negotiate and implement oil contracts. On the other hand, transforming IOCs into active corporate citizens of Congo would guarantee them contract stability and business sustainability. Finally, against the background of identified problems, the paper makes recommendations as to how Congo and IOCs could address those problems and build lasting partnership. In light of the growing international competition for the African oil and the huge development needs for oil producing countries like Congo, the paper argues that in the best interest of both the IOCs and the host country, oil contracts should evolve from simple transactions to long term cooperation tools that address each side's expectations and needs. The thesis indeed supports the idea of shifting the contract focus from the traditional oil profit split and government take to broader value creation in the host country. by Yaya Moussa. M.B.A. 2010-10-12T16:25:41Z 2010-10-12T16:25:41Z 2010 2010 Thesis http://hdl.handle.net/1721.1/59127 658954799 eng M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 78 p. application/pdf f-cg--- Massachusetts Institute of Technology |
| spellingShingle | Sloan School of Management. Moussa, Yaya Innovation in the management of upstream state oil contracts in the Republic of Congo : from transaction to Cooperation for Economic Development |
| title | Innovation in the management of upstream state oil contracts in the Republic of Congo : from transaction to Cooperation for Economic Development |
| title_full | Innovation in the management of upstream state oil contracts in the Republic of Congo : from transaction to Cooperation for Economic Development |
| title_fullStr | Innovation in the management of upstream state oil contracts in the Republic of Congo : from transaction to Cooperation for Economic Development |
| title_full_unstemmed | Innovation in the management of upstream state oil contracts in the Republic of Congo : from transaction to Cooperation for Economic Development |
| title_short | Innovation in the management of upstream state oil contracts in the Republic of Congo : from transaction to Cooperation for Economic Development |
| title_sort | innovation in the management of upstream state oil contracts in the republic of congo from transaction to cooperation for economic development |
| topic | Sloan School of Management. |
| url | http://hdl.handle.net/1721.1/59127 |
| work_keys_str_mv | AT moussayaya innovationinthemanagementofupstreamstateoilcontractsintherepublicofcongofromtransactiontocooperationforeconomicdevelopment |