This comprehensive text first addresses operating decisions such as joint venturing, safety and the environment. It then moves toward investment decisions ranging from the relationship between risk and reward to methods of contracting. Finally, the author discusses management control in reporting budgeting, and monitoring, as well as sensitive management issues such as cultural conflict, management style and leadership. In all, readers will gain practical knowledge on being successful general managers of international oil exploration and production affiliates. The author's more than 35 years of experience in oil exploration lend to the text a practical and realistic view of business strategy.

Contents:

• Joint venturing
• People
• Safety
• The environment
• Pricing oil
• Selling oil
• Coping with price uncertainty
• What do shareholders want?
• Exploration investment
• Field development and expansion
• Time
• Operational investment
• Reporting
• Budgeting
• Monitoring
• The conduct of management
• Glossary of abbreviations
• Appendices
• Index