Transocean Case Study: Accessing Norway’s oil drilling market http://www.aarkstore.com/reports/Transocean-Case-Study-Accessing-Norway %E2%80%99s-oil-drilling-market-198674.html Browse for More Related Reports (Case Study) through below Link : http://www.aarkstore.com/search/viewresults.asp?search=Case %20Study&PubId=&pagenum=1
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Introduction Transocean is a leading drilling contractor serving the oil and gas industry, which in 2011 acquired a smaller player, Aker Drilling. The main motivation was to rapidly extend its presence in the Norwegian offshore drilling market. This case study examines some features of the contract drilling market, and Transocean’s strategic response Features and benefits * MarketLine Case Studies describe topics such as innovative products, business models, and significant company acquisitions. * Fact-based and presented in an accessible style, they explain the rationale of commercial decisions and illustrate wider market and economic trends.
Highlights Transocean specializes in offshore contract drilling on behalf of oil and gas companies engaged in exploration and production activities. It is the largest such contractor in the world by revenue, and has a large fleet of mobile offshore drilling rigs. Demand for drilling services is correlated with crude oil prices. When prices rise, oil companies want to produce more oil and gas, and explore more reserves Norway is Western Europe’s leading source of oil and natural gas. Its economy is highly dependent on these commodities, which means that the government encourages exploration and production in its offshore fields in the Norwegian Continental Shelf (NCS).
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