IDEAS home Printed from https://ideas.repec.org/a/ids/ijsoma/v4y2008i2p145-164.html
   My bibliography  Save this article

Success factors of petroleum exploration and production companies

Author

Listed:
  • Bernhard Friess
  • Rupert J. Baumgartner
  • Gerhard Bauer

Abstract

The objective of the study is to explore actual success factors of the petroleum upstream industry. It also investigates how enterprises define and measure success as well as how they determine their strategies. With the aid of a multiplicity of workshops with managers from the petroleum industry who are involved in different areas of the business, a questionnaire has been designed. After performing a worldwide survey, the questionnaires of 21 responding companies have been analysed descriptively by correlation and by separating top performers. Owing to the ensured profitability in oil prices, former keywords such as acreage quality or cost management have lost their supremacy. The results give evidence that, among others, competent and satisfied staff found excellent performance. The findings of this explorative study provide a meaningful framework for strategic discussions in a dynamic environment. Furthermore, the research paper should represent a basis for formulating hypothesis for advanced success factor research.

Suggested Citation

  • Bernhard Friess & Rupert J. Baumgartner & Gerhard Bauer, 2008. "Success factors of petroleum exploration and production companies," International Journal of Services and Operations Management, Inderscience Enterprises Ltd, vol. 4(2), pages 145-164.
    • Handle: RePEc:ids:ijsoma:v:4:y:2008:i:2:p:145-164
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=16608
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijsoma:v:4:y:2008:i:2:p:145-164. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=150 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.