KESSEBA, Khaled (2017). Oil Business Joint Ventures Performance Management Determinants – Towards a Conceptual Framework. In: DELENER, N. and SCHWEIKERT, Christina, (eds.) Global business and technology association: nineteenth annual international conference: readings book. Vienna, Global Business and Technology Association Conference, 296-310. [Book Section]
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2017-07-Kesseba,K. Oil Bus JVs PM Determinants, Towards a Conceptual Framework.pdf - Accepted Version
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2017-07-Kesseba,K. Oil Bus JVs PM Determinants, Towards a Conceptual Framework.pdf - Accepted Version
Available under License All rights reserved.
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Abstract
Production sharing contracts (PSC) are a pervasive fact of economic life in developing countries. They involve a
government-contractor relationship with the aim of exploring, developing and producing oil within a Joint Venture
environment. This public-private partnership form of collaboration often entails conflict in managing the Joint
Venture because of the different strategic objectives between its partners. The rights of the host government and the
obligations on the foreign contractor are central in a PSC. This proposes numerous complexities and dilemmas in
managing the Joint Venture. Joint Ventures although being an increasingly common direction of corporate strategy
over the past two decades, have accentuated the problem of measuring the business performance. Joint Ventures
performance determinants are problematic in the sense that both parties find it difficult to distinguish between bad
luck and poor performance. The major difficulty in managing the performance of a Joint Venture lies in the
confusion of how to identify and measure the performance. The controversy often stems from the lack of clarity of
what a determinant of performance is. The development of key performance factors and indicators receives a
considerable attention as being a powerful management tool. This study will present a conceptual framework of the
performance management determinants of non-equity petroleum Joint Ventures under a PSC contractual agreement.
The proposed conceptual framework will contribute to the academic knowledge in managing non-equity petroleum
Joint Ventures, as well as the contribution to management practitioners in managing oil business within the oil
production sharing contract system.
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