Petroleum Exploration and Production consists of four major processes of exploration‚ well-development‚ production and site abandonment. In this assignment‚ we had chosen the major process of exploration and production. Petroleum Exploration is conducted to find and detect the site which contains oil or natural gas. Visible surface features such as oil seeps‚ natural gas seeps‚ pockmarks provide basic evidence of hydrocarbon generation. However‚ most exploration depends on highly sophisticated
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Cash Flow Valuation – Proved Developed Reserves Discounted Cash Flow Valuation – Proved Undeveloped Reserves Discounted Cash Flow Valuation – Probable Reserves Discounted Cash Flow Valuation – Possible Reserves Question 3 To value MW Petroleum we would consider the assets in place and the option bearing assets discretely. The assets in place consist of the proved developed reserves since they are already producing a determinable quantity of oil and natural gas‚ as well as the non-producing
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Sustainability Review 2010 bp.com/sustainability 2 A letter from our group chief executive / 4 How BP is changing 6 Gulf of Mexico oil spill / 14 How we operate / 22 Energy future 30 Safety / 34 Environment / 38 Society Within hours of the Deepwater Horizon accident‚ BP teams were working to stop the leak. We also acted to minimize the spill’s impact on the environment by containing‚ removing and dispersing oil offshore‚ protecting the shoreline and cleaning up oil that came ashore. And we
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Introduction to Petroleum Technology By: NUR KHASILAH BT ABDORAHMAN 2012228568 930223-13-5588 CHAPTER 1 REVIEW – How The Earth Was Formed So‚ let we start with the origin of universe. it has been stated in The Big Bang theory. Over 13.5 billions years ago‚ a gigantic explosion produce energy and fundamental particle that created the universe. This mean that all the things that we see today such as rock‚ animal‚ plant‚ water was created during that time. First‚ quark is formed which is proton
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BP plc[3][4] (LSE: BP‚ NYSE: BP) is a British multinational oil and gas company headquartered in London‚ United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by 2011 revenues and is one of the six oil and gas "supermajors".[5][6] It is vertically integrated and operates in all areas of the oil and gas industry‚ including exploration and production‚refining‚ distribution and marketing‚ petrochemicals‚ power generation and trading. It also has renewable
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BRITISH PETROLIUM Executive Summery British petroleum is one of the largest oil and gas company which is spread within eighty countries and across six continents. In this project we are going to talk about BP on the whole. We will apply frameworks such as pestel‚ potters five forces‚ value chain‚ ansoffs matrix‚ the bcg matrix and also the SWOT and TOWS matrix to see where BP stands in the market. Will also talk about the competitive advantage it has got and how are they making use of it in the
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Introduction The model of the Five Competitive Forces was developed by Michael E. Porter in his book Competitive Strategy: Techniques for Analyzing Industries and Competitors in 1980. Since that time it has become an important tool for analyzing an organizations industry structure in strategic processes. Porter’s model is based on the insight that a corporate strategy should meet the opportunities and threats in the organizations external environment. Especially‚ competitive strategy should base
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all into finding the highest quality natural ingredients‚ ethically and responsibly grown and bought‚ and turning them into innovative products‚ honestly marketed‚ and priced so that everyone can afford them. Our business runs on passion‚ and our five values; Protect the Planet‚ Support Community Trade‚ Against Animal Testing‚ Defend Human Rights‚ Activate Self Esteem‚ govern all that we do‚ from reducing our carbon footprint to ordering our envelopes. To us‚ there is no other way to work. After
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Ingredients for Success of Five Guys Burgers and Fries By Edna Odish Contemporary Business Dr. Ronna Campbell Oct.23th‚ 20012 Determine how Five Guys’ philosophy sets it apart from other fast-food chains. In my opinion what makes Five Guys’ Burgers and Fries different from other fast food chains are the following characteristics: a) Quality: Ingredients such as meat which cannot be frozen‚ bread which has to be made at least the night before and potatoes produced in locations that
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[pic] BP Case Study November 10‚ 2011 Professor: Steven Lee Strategic Management Mississippi College British Petroleum[pic] Executive Summary The history of BP was set in motion as the Anglo-Persian Oil Company in Persia in 1901. William Knox D’Arcy‚ an English entrepreneur hired George Reynolds‚ a geologist and explorer to dig Persia for oil. Reynolds could smell natural gas and was most certain they would hit oil
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