Supply Services to Arctic Offshore Operations; Macro-environment, Market Demand, and Business Potentials – The Case of Maersk Supply Service
(2010)Department of Business Administration
- Abstract
- Issue of study: A forecasted increase in energy demand and consumption, together with a decrease of existing oil and gas reserves, has led the oil and gas producers to new areas beyond the conventional oil and gas regions. The Arctic, an area mainly located north of the Arctic Circle, is believed to hold very large potential of the world’s yet-to-be discovered oil and gas reserves. In addition, the Arctic is relatively unexplored and therefore qualifies as a new area. The harsh conditions and sensitive environment, together with the opinions and requirements from a number of affected stakeholders, bring new and unknown challenges to companies interested in operating in the Arctic region. In step with increased exploration and production... (More)
- Issue of study: A forecasted increase in energy demand and consumption, together with a decrease of existing oil and gas reserves, has led the oil and gas producers to new areas beyond the conventional oil and gas regions. The Arctic, an area mainly located north of the Arctic Circle, is believed to hold very large potential of the world’s yet-to-be discovered oil and gas reserves. In addition, the Arctic is relatively unexplored and therefore qualifies as a new area. The harsh conditions and sensitive environment, together with the opinions and requirements from a number of affected stakeholders, bring new and unknown challenges to companies interested in operating in the Arctic region. In step with increased exploration and production activities in the Arctic, there is an increased demand for service providers such as the Offshore Supply Vessel (OSV) industry to be able to operate in the area. However, some questions remain to be answered. For example, which stakeholders have an influence on the development of the Arctic petroleum industry, what OSV services does the market demand, what are the main challenges in providing the required services, and what is the potential for and within the Arctic OSV industry? Purpose: To contribute to the knowledge regarding the Arctic offshore oil and gas industry in general and the business potential for the OSV industry within the waters of the Arctic region in particular. Objectives: • To describe the general conditions and challenges associated with Arctic oil and gas operations and to identify the industry stakeholder characteristics. • To investigate the market demand for OSV services to Arctic exploration and production activities. • To analyze the business opportunities and risks for OSV services in the Arctic and to evaluate the business potentials for one of the traditional OSV operators; Maersk Supply Service. Key words: Arctic, Oil and Gas, Offshore Supply Vessel, Offshore Drilling, Risk, Strategy Analysis. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/2173560
- author
- Torstensson, Patrik and Sonesson, Linnea
- supervisor
- organization
- year
- 2010
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Arctic, Oil and Gas, Offshore Supply Vessel, Offshore Drilling, Risk, Strategy Analysis, Management of enterprises, Företagsledning, management
- language
- Swedish
- id
- 2173560
- date added to LUP
- 2010-05-18 00:00:00
- date last changed
- 2012-04-02 18:41:03
@misc{2173560,
abstract = {{Issue of study: A forecasted increase in energy demand and consumption, together with a decrease of existing oil and gas reserves, has led the oil and gas producers to new areas beyond the conventional oil and gas regions. The Arctic, an area mainly located north of the Arctic Circle, is believed to hold very large potential of the world’s yet-to-be discovered oil and gas reserves. In addition, the Arctic is relatively unexplored and therefore qualifies as a new area. The harsh conditions and sensitive environment, together with the opinions and requirements from a number of affected stakeholders, bring new and unknown challenges to companies interested in operating in the Arctic region. In step with increased exploration and production activities in the Arctic, there is an increased demand for service providers such as the Offshore Supply Vessel (OSV) industry to be able to operate in the area. However, some questions remain to be answered. For example, which stakeholders have an influence on the development of the Arctic petroleum industry, what OSV services does the market demand, what are the main challenges in providing the required services, and what is the potential for and within the Arctic OSV industry? Purpose: To contribute to the knowledge regarding the Arctic offshore oil and gas industry in general and the business potential for the OSV industry within the waters of the Arctic region in particular. Objectives: • To describe the general conditions and challenges associated with Arctic oil and gas operations and to identify the industry stakeholder characteristics. • To investigate the market demand for OSV services to Arctic exploration and production activities. • To analyze the business opportunities and risks for OSV services in the Arctic and to evaluate the business potentials for one of the traditional OSV operators; Maersk Supply Service. Key words: Arctic, Oil and Gas, Offshore Supply Vessel, Offshore Drilling, Risk, Strategy Analysis.}},
author = {{Torstensson, Patrik and Sonesson, Linnea}},
language = {{swe}},
note = {{Student Paper}},
title = {{Supply Services to Arctic Offshore Operations; Macro-environment, Market Demand, and Business Potentials – The Case of Maersk Supply Service}},
year = {{2010}},
}