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Title: Terra Nova breaks new ground for alliances

This paper reviews the development of alliances to help develop the Terra Nova oil and gas field in the offshore Atlantic areas of Canada. Largely attributed to BP, the strategic alliance concept got its start in the North Sea and on the North Slope of Alaska. BP saw it as the best way to take advantage of economy-of-scale, mitigate risk, and achieve outsourcing goals while retaining their core competencies. This paper reviews the methods of developing the alliances, the developing of a development plan for the Terra Nova field, and how the alliance plans to maximize the profittability of the operation for all involved.
Authors:
Publication Date:
OSTI Identifier:
392250
Resource Type:
Journal Article
Resource Relation:
Journal Name: Petroleum Engineer International; Journal Volume: 69; Journal Issue: 8; Other Information: PBD: Aug 1996
Country of Publication:
United States
Language:
English
Subject:
02 PETROLEUM; 03 NATURAL GAS; CANADA; PETROLEUM INDUSTRY; NATURAL GAS INDUSTRY; JOINT VENTURES; PLANNING; ECONOMICS; ATLANTIC OCEAN; RESOURCE DEVELOPMENT