managing : an and development eastern...

MANAGING PETROLEUM BUSINESS: AN OVERVIEW TO OIL AND GAS EXPLORATION

AND DEVELOPMENT IN THE EASTERN MEDITERRANEAN

Dr. Konstantinos Lagos

www.linkedin.com/in/konstantinos-lagos-

31453350

Email: k.lagos@shu.ac.uk

PhD in Economics – Research focus on the

International Expansion of Multinational

Enterprises.

Senior Lecturer in International Business and

Economics - Sheffield Business School –

Sheffield Hallam University.

Dr. Khaled Kesseba

www.linkedin.com/in/drkhaledkesseba

Email: Khaled.Kesseba@shu.ac.uk

Doctorate in Business Administration: Managing

Non-Equity Joint Ventures in the Oil& Gas

Sector

15+ years of International Oil & Gas business

experience in various senior roles.

“FIVE COUNTRIES IN THE EASTERN MEDITERRANEAN ARE SHAKING UP

EUROPE’S ENERGY MAP”

https://theconversation.com/five-countries-in-the-eastern-

mediterranean-are-shaking-up-europes-energy-map-119619

EastMed Geo-political map – The main players Cyprus

Turkey

Greece

Israel

Egypt

Russia

Managing Petroleum Business in the region

i. Contracts

ii. Inside the public-Private arrangements

iii. Management Model

CYPRUS EEZ AND LICENSE BLOCKS

CYPRUS EEZ AND LICENSE BLOCKS

TURKEY’S VS CYPRIOT’S EEZ CLAIMS

POTENTIAL EXPORT ROUTES FOR EAST MED GAS

EEZ - Types of Petroleum Contracts

IOC (Private co.) IOC (Private co.) IOC (Private co.)

IOC (Private co.) IOC (Private co.) IOC (Private co.)

IOC (Private co.)

NOC (State) (NOC & IOC) Shared

IOC (Private co.)

NOC (State)

NOC (State)

Adapted from Hassan Harraz 2016

Inside the Petroleum Non-equity JV

Government

(NOC - Parent Firm)

Investor

(IOC - Parent Firm)

General Manager & MD

Exploration Manager

Operations manager

Finance Manager

Chairman & MD

Exploration Manager

Operations manager

Finance Manager

The

Join

t O

per

atin

g

Co

. Th

e Join

t Op

erating

Co

.

Staff (300 or more)

The dimensions of Managing the Petroleum Non-equity JV

State

(NOC)

Investor

(IOC) Dimension - 1

Dimension - 2 IOC

Partner Reps

Dimension - 3 JV employees

NOC

Partner Reps

Parent

Firm Level

JV Mgmt.

Level

Employees

Level

Management Model

The factors

influencing

performance

management of

petroleum

“Non-Equity”

joint ventures

The External Environment

“The Organisational Perspective”

Host Country Environment

Ind

ust

ry E

nvi

ron

men

t

Ove

rall Satisfaction

w, JV

- Leadership Factors

- Reporting Factors

- Staff Factors

The Managerial

Perspective

The Internal Environment

Parent-Rep Factors

(Investor-Partner)

Inter-Partner Factors

Parent-Rep Factors

(Government - Partner)

The Operational Perspective

Kesseba, K. T. (2018). Factors Influencing Performance Management of Non-Equity Joint Ventures in the Oil Sector. Sheffield Hallam University, Sheffield, United Kingdom.

Thank you

Any Questions?