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Restructuring: new relationships between the oil companies and the upstream oil firms; Alliances et restructurations: nouvelles relations entre maitres d'oeuvre et parapetrolier

Abstract

Since the 1986 oil shock, international oil companies have focused on their base competencies, concentrating on activities viewed as their core businesses and steadily increasing the number of tasks to be subcontracted to the upstream oil and gas service sector. The upstream oil and gas service companies had to be restructured to face this new challenge. The strategies they launched at the end of the 80's were varied. Some firms became largely integrated (Schlumberger, Baker Hughes, Halliburton) whereas other firms chose to broaden their range of services. However generally, they opted for external investment which led to an important wave of mergers and acquisitions. The first part characterizes the upstream oil and gas sector by introducing the main oil and gas service firms and their recent strategic evolution. This concludes with both an economic valuation and a typology of attempted growth strategies. To illustrate this, a matrix has been created to characterise the dynamic paths of the oil and gas service firms. The purpose of the second part is to consider the economic theories related to industrial strategies. The strategies of innovation, market protection, vertical integration and diversification have been studied to illustrate the main conclusion which is that the  More>>
Authors:
Publication Date:
Nov 01, 2001
Product Type:
Thesis/Dissertation
Report Number:
IFP-56-415
Resource Relation:
Other Information: TH: These sciences economiques; 116 refs; PBD: Nov 2001
Subject:
02 PETROLEUM; BUSINESS; COST; DEMAND; DRILLING; EXPLORATION; FUEL SUPPLIES; GEOPHYSICS; INVESTMENT; MARKET; OFFSHORE SITES; OPEC; OPTIMIZATION; PETROLEUM DEPOSITS; PETROLEUM INDUSTRY; PRICES; PRODUCTION; RESOURCE EXPLOITATION
OSTI ID:
20251326
Research Organizations:
Institut Francais du Petrole (IFP), 92 - Rueil-Malmaison (France); Universite de Bourgogne, 21 - Dijon (France)
Country of Origin:
France
Language:
French
Other Identifying Numbers:
TRN: FR0201585021364
Availability:
Available from INIS in electronic form
Submitting Site:
FRN
Size:
340 pages
Announcement Date:

Citation Formats

Barreau, S. Restructuring: new relationships between the oil companies and the upstream oil firms; Alliances et restructurations: nouvelles relations entre maitres d'oeuvre et parapetrolier. France: N. p., 2001. Web.
Barreau, S. Restructuring: new relationships between the oil companies and the upstream oil firms; Alliances et restructurations: nouvelles relations entre maitres d'oeuvre et parapetrolier. France.
Barreau, S. 2001. "Restructuring: new relationships between the oil companies and the upstream oil firms; Alliances et restructurations: nouvelles relations entre maitres d'oeuvre et parapetrolier." France.
@misc{etde_20251326,
title = {Restructuring: new relationships between the oil companies and the upstream oil firms; Alliances et restructurations: nouvelles relations entre maitres d'oeuvre et parapetrolier}
author = {Barreau, S}
abstractNote = {Since the 1986 oil shock, international oil companies have focused on their base competencies, concentrating on activities viewed as their core businesses and steadily increasing the number of tasks to be subcontracted to the upstream oil and gas service sector. The upstream oil and gas service companies had to be restructured to face this new challenge. The strategies they launched at the end of the 80's were varied. Some firms became largely integrated (Schlumberger, Baker Hughes, Halliburton) whereas other firms chose to broaden their range of services. However generally, they opted for external investment which led to an important wave of mergers and acquisitions. The first part characterizes the upstream oil and gas sector by introducing the main oil and gas service firms and their recent strategic evolution. This concludes with both an economic valuation and a typology of attempted growth strategies. To illustrate this, a matrix has been created to characterise the dynamic paths of the oil and gas service firms. The purpose of the second part is to consider the economic theories related to industrial strategies. The strategies of innovation, market protection, vertical integration and diversification have been studied to illustrate the main conclusion which is that the aim of all these strategies was to change the relationships between the oil companies and the upstream oil and gas service firms. (author)}
place = {France}
year = {2001}
month = {Nov}
}