Joint Venture-Challenges, Opportunities and Best Practices for Success
25-28 October 2009
Eastern and Oriental Hotel
Penang, Malaysia
Joint ventures play an increasingly dominant role in international upstream investments, and success or failure in implementing the joint venture has a direct impact on a company’s bottom line. As projects become more complex and expensive, as society’s expectations around safe and environmentally sensitive operations increase, and as national oil companies, on behalf of governments, seek to secure greater control over their resources, the need for flawless joint venture planning and execution is increasing. The ‘softer’ skills required to maximize the effectiveness of these ventures, sometimes involving multiple international oil companies (IOC), at least one national oil company (NOC), oil service companies, financial organizations, and consultants are becoming equally as important as the technical expertise required to ensure efficient development and operations execution. Sharing experiences and training supervisors and managers are appropriately receiving increased attention. This workshop will look at lessons learned, current practices, and help to identify the likely future challenges in joint ventures of all descriptions, and how stakeholders should best prepare for success.
Workshop Objective
The aim of the workshop is to identify how various types of ventures should be structured and managed to make the whole greater than the sum of the parts, and to achieve positive outcomes for all participants.
