Joint Ventures in the Oil and Gas Industry

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atmire.migration.oldid3860
dc.contributor.advisorRuwanpura, Janaka
dc.contributor.authorAlmohsen, Abdulmohsen Saleh
dc.contributor.committeememberJergeas, George
dc.contributor.committeememberLozen, Jim
dc.contributor.committeememberKhran, Jennifer
dc.contributor.committeememberRankin, Jeff
dc.date.accessioned2015-12-22T21:30:47Z
dc.date.available2015-12-22T21:30:47Z
dc.date.issued2015-12-22
dc.date.submitted2015en
dc.description.abstractThe oil and gas industry is considered one of the largest economic drivers in the world. This industry is responsible for the employment of millions of people and revenues of billions of dollars. These facts indicate the importance of this industry and its impact on the world. Oil and gas projects, especially unconventional ones, encounter a great deal of obstacles that organizations and companies are not willing to face alone. Joint ventures can, therefore, be utilized to execute projects and overcome these problems; and, joint ventures have become a crucial part of oil and gas industry. Joint ventures, however, are complex and contain many risks that can result in their failure. Assessing major risk factors that can impact the success of a joint venture before entering into a deal would allow organizations and companies to make informed decisions. The main objective of the study; therefore, was the development of a framework that supports oil and gas companies in making decisions to successfully executive joint venture projects by evaluating the involved strategic risk factors. Joint ventures in the oil and gas industry were examined, joint venture success measures were established, and the risk factors that affect the likelihood of joint venture success were investigated. As a result, a tool has been developed that can help participants evaluate a potential joint venture. This research followed a robust research approach which consisted of both qualitative and quantitative methods. Many steps were involved in the research methodology, including a pilot study, document examination, interviews, questionnaires and analysis. These steps were done to obtain more information regarding the risks and their implications upon entering into joint venture deals. As a result, two success measures were established and verified: 1) financial measures and 2) a sustainability measure. The statistics extraction method then was used to generate three major risk components from 23 risk factors: 1) joint venture boundary, 2) governance and management, and 3) external issues. These outcomes and their relationships were utilized to develop the final model.en_US
dc.identifier.citationAlmohsen, A. S. (2015). Joint Ventures in the Oil and Gas Industry (Doctoral thesis, University of Calgary, Calgary, Canada). Retrieved from https://prism.ucalgary.ca. doi:10.11575/PRISM/26692en_US
dc.identifier.doihttp://dx.doi.org/10.11575/PRISM/26692
dc.identifier.urihttp://hdl.handle.net/11023/2704
dc.language.isoeng
dc.publisher.facultyGraduate Studies
dc.publisher.institutionUniversity of Calgaryen
dc.publisher.placeCalgaryen
dc.rightsUniversity of Calgary graduate students retain copyright ownership and moral rights for their thesis. You may use this material in any way that is permitted by the Copyright Act or through licensing that has been assigned to the document. For uses that are not allowable under copyright legislation or licensing, you are required to seek permission.
dc.subjectEducation--Business
dc.subjectBusiness Administration--Management
dc.subjectEconomics--Finance
dc.subjectEngineering--Civil
dc.subject.classificationJoint Venturesen_US
dc.subject.classificationOil and Gasen_US
dc.subject.classificationStrategic Risksen_US
dc.subject.classificationSuccess Measurementsen_US
dc.subject.classificationRisk Managementen_US
dc.titleJoint Ventures in the Oil and Gas Industry
dc.typedoctoral thesis
thesis.degree.disciplineCivil Engineering
thesis.degree.grantorUniversity of Calgary
thesis.degree.nameDoctor of Philosophy (PhD)
ucalgary.item.requestcopytrue
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