Nexen/Cnooc Company Analysis - 2750 Words

Nexen/CNOOC company analysis Executive summary Nexen is an oil gas exploration and production company that operates out of Calgary Alberta, Canada. They are a well-run, profitable, and responsible company that operates in 7 countries and does both onshore and offshore drilling for conventional oil gas, shale gas, and oil sands. Their board of directors has recently unanimously agreed to a $15.1 billion buyout by China National Offshore Oil Company (CNOOC), which is currently under review by the Canadian government. Nexen employs a knowledge-based workforce of highly skilled workers and uses state of the art technology in the oil gas exploration and production industry. However, the combination of the small†¦show more content†¦The company employs numerous petroleum engineers who examine geological samples to determine if there are oil gas properties to be developed and produced around the world. They concentrate their efforts in areas that are known hot spots and actively search for new areas around the world as they try to gain a first mover advantage in a new oil region. They strive to operate successfully through strong leadership, talented employees, and cutting edge technology, as well as working collaboratively with their stakeholders (Nexen). The company’s closest competitors are Canadian Natural Resources Limited, EnCana Corporations, Talisman Energy Group Inc., and Canadian Oil Sands Limited. One of the company’s major assets is the research and development of state of the art technology to reach and unlock gas oil deposits. They implement the use of hydraulic fracturing technology to unlock unconventional gas assets, are able to drill up to 34,000 feet deep into the Gulf of Mexico to access oil deposits below the gulf floor, and implementing gasification technology which uses steam to separate oil deposits from the sand in the northern Alberta oil sands (Nexen’s way). The company has been successful to date, however their lack of resources and c apital has limited their growth and expansion, as well as the $4.3 billion debt that they currently have (Financial Post 2). This is why theShow MoreRelatedChina National Offshore Oil Corporation: Organizational Analysis7102 Words   |  29 PagesMBA 684 Organizational Analysis | 4/2/2013 | Professor Mark Lee | Nick Chen | ç› ®Ã¥ ½â€¢ Executive Summary 2 Company Overview 3 Organizational Structure 4 Organizational Culture and Social Responsibility 4 Organizational Strategies 5 Opportunities in the Domestic Environment 6 Overseas Acquisitions 7 Strength of Organization 9 Threat of Organization 10 Products and Services Offered by CNOOC 11 Information Technology and Control Systems 12 Organization Size and Life Cycle