Abstract
Top management who deals with strategy making are in the forties, with good knowledge of geoscience/petroleum engineering and the experience of commercial and financial areas. They have run one of the core assets of the company as the operator. They understand the importance of the technological advances and the protection of the environment. Key assumption they make are steady demand growth of oil and gas and stable oil price (15-20$/bbl). Also they are excited of the new grand opening of business opportunities such as Former Soviet Union and South America.
Currently, the features of their strategies are the management of reserves including purchase or disposal of the fields, the optimization of exploration, development & production, the geographical spread of their assets, merge & acquisition and the pipe line business. The emphasis upon gas venture (field development, LNG, IPP etc., ) is in line with the growing environmental consciousness and consumer's power. The alliance is either partnership of similar companies or different ones. The former mainly aims at streamlining and the latter, complementing. Anyhow it is “give & take” process. Owing to the information technology, the leaner organization becomes possible and contributes to speedy decision making and drastic cost cutting.
