E&P Policy

In: Miscellaneous

Submitted By tanysachan
Words 1634
Pages 7
Indian E&P Policy and foreign firms
The international E&P players have started to recognize the immense growth opportunity that India offers. However, they are still reluctant to enter the market because of the weak E&P policies and the various restrictions and regulations for the private companies in the Oil and Gas and Petroleum sectors. Even though NELP 7 had some changes, which would favour the entry of foreign players, the policy has remained ineffective due to several reasons.
Most of the blocks (about 50%) offered under NELP are recycled blocks, i.e. blocks returned back to government by previously allotted players due to reasons such as lack of funds, inability to explore, etc. The foreign players look at these recycled blocks as if the previous owner couldn’t find anything upon exploration and thus returned the same back to government. Hence, these foreign players have very little interest in such blocks. In fact, even the domestic players have shown resistance to bidding for these blocks. Thus, unless the government provides clear reasons for why the recycled block is being offered by showcasing supporting geological data, and exploration reports by the previous owner, we believe that there is no point in bidding for these recycled blocks and such blocks will remain unsold as even domestic players won’t bid for them (more so because most of these recycled block are from ONGC, the leading national E&P player).
The next major issue is the prevention of the development of integrated business models, which has been the preferred mode of operation by the major foreign players, such as Exxon and BP, recently. The policies and regulations, such as fuel prices, etc. prevent the bidding companies from undertaking all the tasks from exploring to refining to selling of oil to providing related services. Thus, if the major players decide to enter the…...

Similar Documents

An Exploration of Salesperson Job Satisfaction in India Using P-E Fit Constructs

...intensity of bonus/profit-sharing payments and the utility derived from work. After controlling for individual heterogeneity biases, it is shown that relatively ‘small’ bonuses exert a significant negative effect on worker satisfaction. In contrast, job utility is found to rise only in response to ‘large’ bonus payments, primarily in skilled, non-unionized private sector jobs. The empirical evidence of the paper is therefore consistent with a ‘V-effect’ of incentives, suggesting that employers wishing to motivate their staff should indeed “pay enough or don’t pay at all”. 1 Research Fellow, Address: CELMR, University of Aberdeen Business School, Edward Wright Building, Dunbar Street, Old Aberdeen AB24 3QY, UK; Tel: ++44 01224 272172; e-mail: k.pouliakas@abdn.ac.uk. 1. Introduction The principal-agent model, with its convincing illustration of the trade-off that arises between risk and incentive provision when attempting to align the conflicting interests of two contracting parties, remains central for our understanding of the compensation strategies employed by firms (Mirlees, 1976; Holmstrom, 1979). According to the standard model of agency theory, the introduction of financial incentives as part of an agent’s remuneration package will increase his/her productivity and effort, as it is assumed that individuals derive utility from income whilst the exertion of effort entails a utility cost. Importantly, if the additional disutility of higher effort is compensated......

Words: 9443 - Pages: 38

New E-Mail Policy

...New e-mail policy Below are the guide lines we will use to communicate through our company e-mail system. These rules will increase productivity and reduce time sorting through e-mail that does not affect your area of the company. • Be brief and Professional; stick to the facts of what your trying to communicate, keep the bottom line up front and be respectful we are all on the same team. • Courtesy Copy and Reply all too only those needed; ensure you only send your e-mail to people with whom the message is intended for. Reply all can cause problems with personnel getting the wrong information. • Attachment size will be limited; Large attachment clog up e-mail inbox and slow down the performance of the net work. • All attachments will be screened by antivirus before opened; software viruses are a great risk to our company network and no one wants to be the one to crash our communication system. • No forwarding of chain e-mail; chain e-mail can be counterproductive and offensive your fellow employees. • Spell out all words before using Acronyms; Not everyone is familiar with all acronyms so the first time you use an acronym spell the words out then put the acronym next to it in parentheses. • No writing in all CAPs; No shouting within your e-mail. This refers back to being professional and courteous to your fellow employees. • Use spell check; This will not always work to correct all misspelled words and bad grammar, but will cut down on the majority of problems...

Words: 836 - Pages: 4

Security Policy of the Company in the Use of E-Mail.

...Security policy of the company in the use of e-mail. Communication via e-mail is an efficient and fast way, but has a high-risk level in the traffic of the information. The security policies of this company, determines that all e-mail must have a formal means of communication within or without of the company. E-mail is more efficient than other media such as voice mail, Fax, or regular Mail. For this reason, people can misunderstand that this is an informal means. However, the information in a e-mail, like a letterhead letter, must have complete integrity, being truthful and maintain a confidential information. As everyone know, the e-mail is not encrypted, thus it is transiting within a public network as unencrypted text, which may cause an information leak when it is intercepted and read by third parties and may cause a violation of confidentiality. It is very important have a more careful with the documents attached to sent email, because the risk of confiability grows up according increasing the information. When someone send an e-mail can commit different types of errors like send a e-mail to wrong person. This wrong can occur when a person type the first three or four letters of the word, and the system automatically recognizes a previously email address used. Another common wrong is when people send email with "reply all" instead of "reply". All employees of the company should take special care in the e-mail they receive, because a unknown addresses can......

Words: 362 - Pages: 2

E-Mail, Internet and Privacy Policies

...Running Header: E-MAIL, INTERNET, AND PRIVACY POLICIES E-Mail, Internet and Privacy Policies University of Phoenix Com 285: Introduction to Business Communication Group: MEBSB039 May 5, 2009 E-Mail, Internet and Privacy Policies With the invention of the internet, many conveniences have been developed to help companies run more efficient. E-Mail was developed to replace standard written messages. This form of communication sped up the receipt of messages from one person to another. Internet and e-mail have become, and will remain a necessary tool for the modern business to succeed. The internet is also used as a way to communicate globally. For instance, a company with offices in the United States and the United Kingdom, now has the ability communicate information at the speed of light. With the advancement of modern technology comes the advancement of ways to steal information and violate the privacy of an employee or the company. Companies have put privacy policies in place to protect employees and the company. Information that could be misused and potentially harm the employee or put the company at risk could easily be sent over the internet through unsecured means. This paper is meant to discuss e-mail, internet use, and privacy policies at the place of employment of the writer. Secondly, we will discuss the laws put in place to regulate employee’s e-mail and internet policies. Thirdly, we will discuss the reasons...

Words: 972 - Pages: 4

Mprl E&P Pte Company's Strategic Analysis

...U Soe Thura who is an HR assistant manager at MPRL E&P Pte Ltd on 28th of April. He answered all my questions that I want to know about his company and its strategic management. I would like not only to introduce but also to analyze about the company and its strategic management. 1.1 Company Background MPRL E&P Pte Ltd, formerly known as Myanmar Petroleum Resources Limited (MPRL) ,is an independent, foreign-registered oil and gas exploration and production (E&P) company established under the private ownership of a group of like-minded, proactive and dedicated investors. The company was founded in 1996 as a Joint Venture Partner to Baker Hughes Solutions Inc., when Baker Hughes signed a Performance Compensation Contract ( PCC ) with Myanmar Oil & Gas Enterprise ( MOGE ) in October 1996 for the Mann Field Production Enhancement Project, an onshore oil and gas situated in the Central Myanmar. The company subsequently assumed 100% responsibility of the Mann Field Project and the PCC Contract in October 1999 when Baker Hughes and the other partners decided not to continue with additional investments in Mann Oil Field. To date, MPRL E&P has made the largest investments in the Myanmar Onshore Oil & Gas Industry. Total investment by MPRL E&P in Myanmar Onshore Operations is over US$ 152 million as of June 2012.There are 224 employees in the company. There are two products of MPRL E&P Pte Ltd . They are crude oil and natural gas. ......

Words: 4878 - Pages: 20

U of P Instructor's Policies

...Instructor Policies XACC290 Accounting Principles I Facilitator Information Facilitator Availability I am available from 9 a.m.-9 p.m. Pacific Time on most days, but I attempt to reserve Sunday for my family. On Saturdays, I tend to be online in the morning only. If these times are not convenient for you, please let me know. I will be happy to accommodate your schedule, if possible. I provide you with these times to make it easier to communicate with me, and not to limit our contact. I want you to know that, should you need to contact me outside these time frames, you should not hesitate to do so. If you have questions regarding assignments, please allow sufficient time to meet the assignment due dates. For emergencies, when you are not able to gain access to messages in the classroom, please send a message to my personal email address. In the event a third party needs to contact me, please direct them to my contact information listed under "facilitator information." No third party should use your login credentials to gain access to the classroom. Late Assignments Late assignments receive a 10% deduction for each day they are late if assignments are not posted by 11:59 p.m. M.S.T. on the day they are due. Assignments more than 4 days late will not be......

Words: 325 - Pages: 2

Judaism J, P, D, E

... The Documentary Hypothesis was created by Julius Wellhausen in 1878, and it was used to explain the different groups of people, and ways the Torah was written and edited. There are four different groups within this theory that consist of the J, E, D, and P’s (Coogan, 43). At first it started out with the problem of timing for the different names of God that the J’s and E’s focused on. The J’s were the Yahwist; claiming to the idea that the name Yahweh starts from the begging, in Genesis. The E’s were the Elohist; with the idea that the name Elohim is what starts at the begging of the Torah, and it is not until God reveals His name, Yahweh, to Moses in Exodus that Yahweh becomes the main name for God. After the J’s and E’s there are the D’s and P’s to be considered. The D’s shortened for Deuteronomic focused more on the book of Deuteronomy and its contents. The P’s were the Priestly group focusing more on the ideas and concepts of law, rituals, and other such matters. The four divisions are divided into J, E, D, and P; some having a few similarities, but it is the differences that make them unique. The Yahwist, or the J’s, being one of the oldest groups, have a unique idea of God, giving him anthropomorphic qualities, and focusing on the images and ideas the Torah gives of God having these human like mannerisms; as in the Garden of Eden when he forms the humans, walks with them, and talks to them there is a personal closeness. The J’s also focus more on the area of Judah......

Words: 751 - Pages: 4

E at I N G P L a N

...E AT I N G P L A N You’re closer than you think. And you get closer every day. TABLE OF CONTENTS • • • • • • • • • • • • • Introduction.................................................................................1 How the Fix Is Done .................................................................2 Get Started in 5 Simple Steps ................................................4 Added Zing!...............................................................................8 • To Treat or Not to Treat? ...................................... 10 Hydration ................................................................................. 12 • The Water Bar ........................................................ 13 • The Tea & Coffee Bar ........................................... 14 Multivitamins: ActiVit for Active You .................................. 15 Calorie Charts ........................................................................ 18 Container Food Groups ........................................................ 20 • Replacement Food Container Groups ............... 38 Recipes ..................................................................................... 41 • Seasoning Mixes ................................................... 42 • Container Recipes ................................................. 44 • Green Container ................................... 44 • Red Container ....................................... 46 •...

Words: 20904 - Pages: 84

Acc 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P

...Assignment E 16-24, E 16-25, E 17-10, E 17-19, P Purchase here http://chosecourses.com/ACC%20306/acc-306-week-3-assignment-e-1624-e-1625-e-1710-e-1719-p Description ACC 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P 16-7, P 17-16 ACC 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P Purchase here http://chosecourses.com/ACC%20306/acc-306-week-3-assignment-e-1624-e-1625-e-1710-e-1719-p Description ACC 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P 16-7, P 17-16 ACC 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P Purchase here http://chosecourses.com/ACC%20306/acc-306-week-3-assignment-e-1624-e-1625-e-1710-e-1719-p Description ACC 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P 16-7, P 17-16 ACC 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P Purchase here http://chosecourses.com/ACC%20306/acc-306-week-3-assignment-e-1624-e-1625-e-1710-e-1719-p Description ACC 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P 16-7, P 17-16 ACC 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P Purchase here http://chosecourses.com/ACC%20306/acc-306-week-3-assignment-e-1624-e-1625-e-1710-e-1719-p Description ACC 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P 16-7, P 17-16 ACC 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P ......

Words: 882 - Pages: 4

Acc 306 Week 4 Assignment E 18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24, P 18-5

...Assignment E 18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24, P 18-5 Purchase here http://chosecourses.com/ACC%20306/acc-306-week-4-assignment-e-1818-e-1824-e-192-e-195-e-199-e-1924-p-185 Description ACC 306 Week 4 Assignment E 18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24, P 18-5 ACC 306 Week 4 Assignment E 18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24, P 18-5 Purchase here http://chosecourses.com/ACC%20306/acc-306-week-4-assignment-e-1818-e-1824-e-192-e-195-e-199-e-1924-p-185 Description ACC 306 Week 4 Assignment E 18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24, P 18-5 ACC 306 Week 4 Assignment E 18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24, P 18-5 Purchase here http://chosecourses.com/ACC%20306/acc-306-week-4-assignment-e-1818-e-1824-e-192-e-195-e-199-e-1924-p-185 Description ACC 306 Week 4 Assignment E 18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24, P 18-5 ACC 306 Week 4 Assignment E 18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24, P 18-5 Purchase here http://chosecourses.com/ACC%20306/acc-306-week-4-assignment-e-1818-e-1824-e-192-e-195-e-199-e-1924-p-185 Description ACC 306 Week 4 Assignment E 18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24, P 18-5 ACC 306 Week 4 Assignment E 18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24, P 18-5 Purchase......

Words: 474 - Pages: 2

Acc 306 Week 5 Assignment E 20-18, P 21-11, P 21-14

...Week 5 Assignment E 20-18, P 21-11, P 21-14 Purchase here http://chosecourses.com/ACC%20306/acc-306-week-5-assignment-e-2018-p-2111-p-2114 Description ACC 306 Week 5 Assignment E 20-18, P 21-11, P 21-14 ACC 306 Week 5 Assignment E 20-18, P 21-11, P 21-14 Purchase here http://chosecourses.com/ACC%20306/acc-306-week-5-assignment-e-2018-p-2111-p-2114 Description ACC 306 Week 5 Assignment E 20-18, P 21-11, P 21-14 ACC 306 Week 5 Assignment E 20-18, P 21-11, P 21-14 Purchase here http://chosecourses.com/ACC%20306/acc-306-week-5-assignment-e-2018-p-2111-p-2114 Description ACC 306 Week 5 Assignment E 20-18, P 21-11, P 21-14 ACC 306 Week 5 Assignment E 20-18, P 21-11, P 21-14 Purchase here http://chosecourses.com/ACC%20306/acc-306-week-5-assignment-e-2018-p-2111-p-2114 Description ACC 306 Week 5 Assignment E 20-18, P 21-11, P 21-14 ACC 306 Week 5 Assignment E 20-18, P 21-11, P 21-14 Purchase here http://chosecourses.com/ACC%20306/acc-306-week-5-assignment-e-2018-p-2111-p-2114 Description ACC 306 Week 5 Assignment E 20-18, P 21-11, P 21-14 ACC 306 Week 5 Assignment E 20-18, P 21-11, P 21-14 Purchase here http://chosecourses.com/ACC%20306/acc-306-week-5-assignment-e-2018-p-2111-p-2114 Description ACC 306 Week 5 Assignment E 20-18, P 21-11, P 21-14 ACC 306 Week 5 Assignment E 20-18, P 21-11, P 21-14 ......

Words: 658 - Pages: 3

T H E P O L I S H S U R P R I S E

...THE POLISH SURPRISE As the financial crisis of 2008 and 2009 unfolded, countries across Europe were hit hard. A notable exception was Poland, whose economy grew by 1.5 percent during 2009, while every other economy in the European Union contracted. In 2010 and 2011, Poland achieved a growth rate of 3.9 and 3.8 percent, respectively, which were among the best in the EU. How did Poland achieve this? In 1989, Poland elected its first democratic government after more than four decades of Communist rule. Since then, like many other eastern European countries, Poland has embraced market-based economic policies, opened its markets to international trade and foreign investment, and privatized many state-owned businesses. In 2004, the country joined the European Union, giving it easy access to the large consumer markets of western Europe. All this helped transform Poland into a major exporter. Exports account for about 40 percent of gross domestic product (in contrast, they account for around 12 percent in the United States). As a consequence, between 1989 and 2010, Poland recorded the highest sustained growth in the region. Real GDP doubled over this period, compared to a 70 percent increase in neighbouring Slovakia and 45 percent in the Czech Republic. Poland's government has also been fiscally conservative, keeping public debt in check, not allowing it to expand during the recession as many other countries did. This led to investor confidence in the country. Consequently, there......

Words: 821 - Pages: 4

E-Mail and Internet Policy

...E-Mail and Internet Policy Darryn Cooper COM/285 Angie Robert August 24, 2011 E-Mail and Internet Policy The integrity of a business relies on communication, both using internal and external communications. E-mails and the internet are two ways that businesses communicate with shareholders, employees and their customers. In today’s global market, the use of computer guidelines and policies have been implemented to ensure that all employees adhere to those policies. Communication via the internet and use of emails should be carefully considered when using it. This essay will discuss why e-mail and internet policies have been put in place. *1Congress passed the Privacy Act of 1974, as amended, (Privacy Act) to safeguard records of information pertaining to individuals that Federal agencies or components own and maintain. The Department of Defense (DoD) policy regarding e-mail and internet use is very strict. All employees who are employed by the DoD are given a Common Access Card (CAC). The CAC is inserted into the computer and requires that you enter a password. At no time should you leave your CAC in the computer when an individual leaves his or her computer. Ashmore ( 2009), " Many federal laws affect employer regulation of email and internet uses, such as the Federal Wiretap Act; the Electronic Communications Privacy Act; and the Stored Communications Act. In addition,......

Words: 941 - Pages: 4

Accounting E 2.6, P 69

...BACC 1201 Assignment #2 ------------------------------------------------- Riri ------------------------------------------------- 30/4/2011 E 2.6, P 69: A number of business transactions carried out by Smalling Manufacturing Company are as follows: a. Borrowed money from a bank. b. Sold land for cash at a price equal to its cost. c. Paid a liability. d. Returned for credit some of the office equipment previously purchased on credit but not yet paid for. (Treat this the opposite of a transaction in which you purchase office equipment on credit.) e. Sold land for cash at a price in excess of coast. (Hint: The difference between coast and sales price represents a gain that will be in the company's income statement.) f. Purchased a computer on credit. g. The owner invested cash in the business. h. Purchased office equipment for cash. i. Collected an account receivable. Indicate the effect of each of these transactions on the total amounts of the company's assets, liabilities, and owners' equity. Organize your answer in tabular form, using the following column headings and the code letters I for increase, D for decrease, and NE for no effect. The answer for the transaction a is provided as an example: ------------------------------------------------- Transaction Assets = Liabilities + Owners' Equity (a) I I NE (b) NE NE ...

Words: 359 - Pages: 2

The Life of P-E Von L-V

...000 Soldaten und 137 Generäle gekämpft hat. Nach dem Krieg ging Von Lettow-Vorbeck nach Deutschland zurück und wurde als Held empfangen. Er war die höchste militärische Auszeichnung gegeben. Obwohl er ein ergebener Nationalist war, wurde er nie ein Nazi und er weigerte Hitlers Einladung um Botschafter in London werden. Er verlor seine beiden Söhne in den Zweiten Weltkrieg, aber es gelang ihm, im Alter von 94 am Leben zu bleiben. Nicht lange vor seinem Tod, ging Von Lettow-Vorbeck zurück nach Afrika, wo er mit offenen Armen empfangen wurde. 490 Wörter References Duane Koenig. (1970). A note on world war I: General paul von lettow-vorbeck in german east africa. Military Affairs, 34(1), 14. General von Lettow-Vorbeck, & Edward P. Davis. (1924). Meine erinnerungen aus ostafrika. Journal of Negro History, 9(3), 365-367. Lettow-vorbeck, paul von.(2009). Columbia Electronic Encyclopedia (6th Edition), 0, p1-1p. Rooney, D. (1999). A german guerrilla chief in africa. History Today, 49(11), p28-7p....

Words: 511 - Pages: 3