Talisman Energy is a Canadian-based oil and gas exploration and production company that has been active in the Iraqi market since the early 2000s. The company has focused on developing oil and gas resources in the Kurdistan region of Iraq, specifically in the Taq Taq and Tawke fields.
Talisman first entered the Iraqi market in 2003, shortly after the fall of Saddam Hussein and the start of the Iraq War. The company saw potential in the country's untapped oil and gas resources, and began to explore opportunities for development. In 2007, Talisman signed a production sharing agreement with the Kurdistan Regional Government (KRG) to develop the Taq Taq field, which is located in the Kurdish region of northern Iraq. The field is thought to contain significant oil reserves, and Talisman has been working to extract and produce oil from the field since 2007.
In addition to its work in the Taq Taq field, Talisman also entered into a production sharing agreement with the KRG to develop the Tawke field in 2010. This field is located in the same region as the Taq Taq field, and is also thought to contain significant oil reserves. Talisman has been working to extract and produce oil from the Tawke field since 2010, and has made a number of significant discoveries at the site.
Despite the potential for significant oil and gas resources in Iraq, Talisman's operations in the country have not been without challenges. The political and security situation in Iraq has been volatile in recent years, and the KRG has faced tension with the central government in Baghdad over the management and distribution of oil and gas resources. This has at times made it difficult for Talisman to operate in the country, and the company has had to navigate a complex and sometimes hostile operating environment.
Despite these challenges, Talisman has remained committed to its operations in Iraq and has continued to invest in the development of the Taq Taq and Tawke fields. The company believes that the potential for oil and gas production in Iraq is significant, and that its work in the Kurdish region of the country will continue to be an important part of its business in the coming years. Overall, Talisman Energy's operations in Iraq have been a significant part of the company's business, and the company has made a number of significant discoveries and investments in the country.
Talisman Energy Inc. the Decision to Enter Iraq Essay
According to Oliveira 2002 , the objectives serve the following company purposes: 1. Starting from the proposed objectives and goals, the strategies to reach them will be outlined The lack of clarity of the proposed objectives can compromise the whole sequence. From the 13th century until World War 1, the Ottoman Empire was in control of their lands. The company should using the differentiate strategy. According to Micheal Porter differentiation advantage occurs when a firm delivers greater services for the same price of its competitors. According to Pratima Bansal, Natalie Slawinski , Talisman Talisman's can use these developments in improving efficiencies, lowering costs, and transforming processes. Over a period time, goals can bring to life order, meaning, and purpose that will sustain interest of stakeholder and motivation.
Talisman Case in Iraq
The political cartoon designed by Jim Borgman offers commentary on past socio-economic issues, suggesting that certain young adults risk life and limb not just for patriotism but for career opportunities. In June 2008, two wholly-owned subsidiaries of Talisman Energy entered into agreements with the Kurdistan Regional Government KRG within Iraq for interests in Blocks K44 and K39 respectively. According to Pratima Bansal, Natalie Slawinski of Talisman Energy Inc. In order to find out whether Talisman should enter Iraq or not, a few questions have to be answered, and information has to be analyzed and clarified. The UK segment includes operations in the UK and the Netherlands.
Talisman's Decision to Enter Iraq
Not only that but also kill many innocent civilians like in Sudan. Finally, as a last resort, the organisation can compromise the objective. With the experience on the board of directors, proper due diligence, and constant re-evaluation of the situation, Talisman should find it easier in discovering potential risks in Iraq, hence being pro-active in finding and solving issues before they arise. Table of Contents Title Page Copyright Page Dedication IF I STAY Acknowledgements DUTTON BOOKS A member of Penguin Group USA Inc. Neufeld Athabasca University Executive Summary The board of directors of Talisman Energy Inc. It has experimented in various areas Ethics, Government, Risk management, Social responsibility, Sustainability. Words: 1572 - Pages: 7 Free Essay Talisman Energy Inc.
Talisman Energy Inc.: The Decision to Enter Iraq [10 Steps] Case Study Analysis & Solution
Get Help With Your Essay If you need assistance with writing your essay, our professional essay writing service is here to help! We were building a well site on another location and we will be winding those down in the next couple of days. The CEO of Talisman Energy Inc and senior executive team have to convince the board of directors to enter Kurdistan region of Iraq. Words: 105214 - Pages: 421. Could sumo wrestling, the national sport of Japan, be corrupt? The company has an International Code of Ethics and a Corporate Responsibility Department that has developed policies, procedures and reporting protocols Slawinski, 2009, p. Finally, and most importantly, monitoring provides the essential link between the written plan and the day-to-day operation of your business.
Talisman Energy
Each of these corrective actions is applicable under specific circumstances Find Out How UKEssays. The United Iraq Alliance won the election, with Shiite Jafari as leader. To satisfy the global demand of customers, it requires strong managements skills, sensitivity to cultural issues, and intercultural competence. The third part analyses human rights standards and the phenomenon of hybridisation in transnational and international criminal law. International Trade Commission Washington, DC 20436 USA No. Threats Economic slowdown in the US and Eurozone The US and European Union are the two key markets for Talisman. Problem statement Talisman Energy Inc.
