000			02241nmc a2200229 4500
005			20260520005702.0
008			260224s xxu
082			_aCD W938 1 0013960
210			_aWPC (16th.)
245	0	0	_aBalancing of different realities needs in upstream petroleum capital ventures
270			_a27/06/2006 ; 26/08/2003
300			_a5 p.
520			_aResumen del autor, extraído del trabajo. Traditional geopolitical and energy issues have given way to environmental issues and to the technology needs imposed by new and marginal plays. Today, the major risk component carried by new ventures can affect the net present value of an investment more significantly than discounts behaviour. The normal rationale of high tech ventures is based on profitability and capital investment, the drive behind emerging countries’ net monetary return. Traditional co-operation agreements often penalise the financial objectives and growth of the technological party, while generating the needed cash flows for the developing party. Within the Upstream and in the presence of strong competition, mutually balanced relationships are difficult to implement. The visible effect is a reduction of exploration and development investment in favour of increased production at the expense of reservoir life. Outdated agreement formulas are replaceable by adapting modern productivity partners’ cycles to both evolving and static realities. This would benefit economic and societal growth, and on a larger scale, social stability. The tailoring of productivity agreements to domestic growth objectives, through modern capital management measures, is a feasible task for joint ventures and alliances. This can be achieved by renewing technology agreements, establishing mutual growth objectives, and adding transparency, all without renouncing profitability.
773			_gv. 5, p. 89
942			_cCONGTP
111	2		_aWorld Petroleum Congress (16th. : 2000 jun. 11-15 : Calgary, Alberta, Canada) _934
650		0	_aGeopolítica _910330
650		0	_aPolítica petrolera _91087
650		0	_aEconomía petrolera. Upstream _92307
650		0	_aInversiones _91035
999			_c133758 _d133758