Providing useful insights and making the complex world of energy more accessible, from an experienced industry professional. A service of GSW Strategy Group, LLC.
Tuesday, June 13, 2006
Scramble for Access
A good article in Business Week nicely illustrates several of the key challenges facing the upstream side of the oil industry. Angola is one of the few remaining places with the combination of good exploration prospects, open access to international firms, and relatively attractive contract terms. The result is a bidding war for exploration rights, and the prospect of reduced future returns.