The private oil companies : from consolidation to growth
At the time when the <em>Oxford Energy Forum</em> was first published the business environment in which the private oil companies operated was very different to today. Political barriers effectively ruled out investment in most OPEC countries as well as in countries under communist rule....
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| Format: | Journal article |
| Language: | English |
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Oxford Institute for Energy Studies
2005
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| Summary: | At the time when the <em>Oxford Energy Forum</em> was first published the business environment in which the private oil companies operated was very different to today. Political barriers effectively ruled out investment in most OPEC countries as well as in countries under communist rule. And until the 1990s, technological barriers prevented companies from exploiting reserves in deepwater reservoirs. Smaller niche players may have been able to enter politically sensitive areas, but they lacked the financial resources to take on either the large-scale development projects in those countries or the risks involved with frontier technology. |
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