Principles of New Asset Management in Oil and Gas Industries

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DOI:

https://doi.org/10.18311/jmmf/2020/26910

Abstract

In the last decade, internationally, many oil and gas assets experienced an operator change after concessions expired and new operators or national oil companies acquired the rights, or after international oil companies divested old or acquired new assets. Regardless of the circumstances, a transition between operators represents a critical inflection point for an asset. A new McKinsey study brings out that only 20 per cent were executed successfully, meaning they maintained or improved production levels throughout the transfer phase. Between 15 and 20 per cent stagnated, while 60 to 70 per cent declined in overall performance.

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Published

2020-03-01

How to Cite

Bhattacharya, J. (2020). Principles of New Asset Management in Oil and Gas Industries. Journal of Mines, Metals and Fuels, 68(3), 80–80. https://doi.org/10.18311/jmmf/2020/26910

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Section

Industry Directions

 

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