By recognizing challenges & find opportunities within
the time
Tags:
Risk / Opportunities/ Marketplace / Challenges / Time
As the ever-improving advances in communication technologies
bring the world closer and make the marketplace far more widespread, businesses
expand their reach and operations across the globe. The corporate world is now
spreading its wings to remote locations.
The oil industry is facing a situation in which the bulk of the
'yet-to-find oil' will by and large come from the geologically complex,
logistically difficult and remote areas that are generally backward
economically, but are rich in ethnic cultures and nature's grandeur.
Installations for processing and supply of oil and gas to be set up in these
areas will also face the same challenges.
Companies that recognize such challenges and convert these into
opportunities can be the winners at the end of the day and that too with the
prospect of a long-term foot-print, by adopting an aggressive and yet a
sustainable humane approach. What is more is that competition will be low and
hence the premiums are likely to be modest for these assets, thus providing a
great business opportunity, The fact is that oil and gas exploration and
production activities will have to take place where the reserves are and
however remote or sensitive the locations are. But the oil companies have lived
through conflicts in the past and will necessarily find newer ways to resolve
the added conflicts in future.
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