Nobody downloaded yet

Business Plan to Sell Oil Rigs in MENA Region - Essay Example

Comments (0) Cite this document
Business plan to sell oil rigs in MENA region Table of Contents 1.Introduction 3 2.Product Feature and its Advtantage 3 3.Company Description and Formation 4 4.Market Analysis and Target Market 4 5.Revenue/Cost analysis 5 6.Timeline 6 7.Conclusion 6 Reference 8 1…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.8% of users find it useful
Business Plan to Sell Oil Rigs in MENA Region
Read TextPreview

Extract of sample
"Business Plan to Sell Oil Rigs in MENA Region"

Download file to see previous pages However, the success rate of a new business is expected remain high, if entrepreneurs is able to develop a realistic and achievable business plan by analysing and assessing the associated risk and by framing a set of effective and plausible strategies. This paper will present a brief business that will include product and company features, market and cost analysis with project timeline of the start up business. 2. Product Feature and its Advtantage The product is the start business is the oil rig machines which are basically a drilling machine to explore the underground oil and natural gas. These machines are huge in size that creates hole within the Earth. Oil rigs are installed and used at site where oil is supposed o deposited under the ground. Generally, the oil rigging machines are available in different sizes run by any of the one power system i.e. diesel engines or electrical generators. The oil rig offered by the new start up venture will be very help for the oil exploring companies as it will be able to run on both types of power system in accordance to the available resources. Besides, its new technology used for rotation system and for circulation system will be very cost effective as installation cost will be very low and will be quite productive in term of its cost including its maintenance cost and power cost. 3. Company Description and Formation The name of the new start up company is OilTech Pvt. Ltd and it will be engaged in the manufacturing and selling of the newly develop oil rigging machines. Primarily, OilTech will be based in MENA region and will also be situated in this region as a large number of buyers will be available in this region. OilTech Pvt. Ltd will be formed by joint venture with an existing engineering company who is engaged in manufacturing of the heavy engineering products. OilTech and engineering-based company will have 40% stake each and rest 20% of the capital will obtained through loans from banks or other sources. Certain amount of loan will be very helpful in tax benefits and higher return on equity. Joint venture with engineering-based company will very helpful for the OilTech as it will be able to use the technological expertise. 4. Market Analysis and Target Market MENA region includes the Middle East and North African countries and these countries are highly enriched with mineral oils and gas. The most of these countries are oil-based economies and hence, a large of buyer of oil rigging machines will be available. However, market competition this region is expected to remain high as a number of oil drilling company companies and seller of oil drilling or rigging are present. Moreover, many oil and natural gas producer companies buys the oil drilling machines from the other countries like China, Germany, U.S. etc. Some of the potential and key competitors for OilTech are Allegheny Crane, Focus Oil Tools, Korea National Oil Corp, Parker Drilling, Proforma Safety LLC etc. These competitors also offer services for oil drilling and maintenance services to the oil exploring companies (Rigzone, “Website Listings”). OilTech is newly formed company and hence, it will enter in the market by targeting the small oil and gas producing companies. Considering the features of the product offered by OilTech will be low cost and will also incurs lower maintenance cost that strives to add value to profitability and efficiency. With the increasing demand of the oil and gas in the World economy, the demand of the oil drilling ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Business Plan to Sell Oil Rigs in MENA Region Essay”, n.d.)
Retrieved from
(Business Plan to Sell Oil Rigs in MENA Region Essay)
“Business Plan to Sell Oil Rigs in MENA Region Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Regional Economic Integration: MENA
...doing business in the region and increase the attractiveness of MENA for investors to place their investments (Ianchovichina, 2012) During the last fifteen years, growth in MENA has been below than the rest of the developing countries. The growth rate of GDP in the regions had decreased from 3.45 to 0.1 during the 1980’s and 1990’s. The declining growth rate has resulted in high employment rates which are around 15 percent. The rate of unemployment varies between oil exporting and non oil exporting countries, in fact oil exporting do not have the same levels of employment. Studies on the sources of...
10 Pages(2500 words)Essay
Business plan for running oil based Fragrances Company
...the natural oil based fragrance will buy it again Phase II 1 ? Years Authenticate concept by opening a retail store Financial performance of the store supports the long-term business plan Phase III 1? Years Open a regional chain of 4 more stores to offer natural fragrances The yield of the regional chain stores will be appealing to potential investors Phase IV 5 Years Establish a national and International franchise v. Financial Summary Summary Year 1 Year 2 Year3 Year4 Year5 Year6 Number of Stores 0 1 3 8 20 40 Revenues $12,500 $450,000 $950,000 $1,500,000 $2,500,000 $4,000,000 EBITDA $1000 $100,000 ($250, 000) $50, 000 $180, 000 $500,000 Investment...
12 Pages(3000 words)Research Paper
The Impact of Using oil Base Mud in Oil Drilling Rigs
...Table of Contents Acknowledgements Page 2 Hypothesis Page 5 Aims of Research Page 5 Review of Literature Introduction Page 5 Oil Rig Components Page 8 The Drilling Process Page 12 Offshore Drilling Process Page 13 Drilling Fluid Introduction Page 14 Composition of Drilling Mud Page 15 Mud Properties Page 15 Advantages & Disadvantages of Using Oil Based Mud Page 18 Disposal Methods Page 19 Life Cycle Assessment Page 21 Solutions to Reduce Expense of Using Oil Based Mud Page 23 Directional Drilling Page 24 Drilling Holes with Smaller Diameters Page25 Waste...
33 Pages(9000 words)Dissertation
BP Oil Marketing Plan(The Gulf of Mexico oil spill)
...communication within and between BP and its contractors and effective training of key engineering and rig personnel would have prevented the Macondo incident” (Belokas, 2011). Macro Environmental Factors Considering the major impact the spill has had on the company and the world as a whole, it is crucial to gain a detailed understanding of the environmental factors that can impact the strategic plans of the company. Here for the macro environmental factors, a SWOT and PESTLE analysis of the company has been developed. This helps gain a clearer idea of factors impacting the company and affecting the ability of the company to regain the position in the US of A markets. SWOT Analysis of BP Strengths: BP is...
11 Pages(2750 words)Assignment
Asia Pacific Business Region
...: Page 8. 4. CULTURE AND BUSINESS: Page 10. 5. ECONOMIC COOPERATION IN THE REGION: Page 12. 6. MODES OF ENTRY INTO THE REGION: Page 13. 7. THE ROLE OF AUSTRALIA AND THE US IN THE APBR: Page 15. 8. A FRAMEWORK FOR COUNTRY ANALYSIS: Page 17. 9. APPENDIX: Page 18. 10. REFERENCES: Page 19. ASIA PACIFIC BUSINESS REGION IN GENERAL Australia has been a western country in the seething sea of inward-looking Orientals. Bred on the ideology of liberalism, it was natural for Australians to take the lead to usher in the materialistic gospel of free trade in the Asia-Pacific region,...
13 Pages(3250 words)Essay
Oil and Business
...and International Business People would wonder that oil and business are separate entities, but they are closely tied up and dependent upon each other. When we buy products, we forget about their production processes and how it has reached us. All the products that we, the final consumers buy are manufactured somewhere in the world, and then transported to different markets. Machinery in factories around the world is powered through fuel and is inter-related with the oil. If the price of oil increases, it would cost businesses more to produce, and so they will sell at a higher price. On the other hand, if international...
6 Pages(1500 words)Term Paper
Marketing plan/Business Plan
...match or rival the retinal scanning device. Edge is then achieved by linking business needed with product quality and viability and then selling these points in direct selling and advertisement. It is also an edge to reinforce corporate social responsibility as the business will be donating a portion of profits to third world countries with limited health care services. “Business operations are undeniably linked with trust-building with community people where the operation is based” (, 2007, p.4). CSR will be a major selling strategy in the hospitals and clinical environments that are already dedicated to improving the...
5 Pages(1250 words)Research Paper
New business plan - organic oil
...procedures will be involved in transforming this vibrant business idea into a practical reality. The company has therefore developed a number of business processes that will be handy in the holistic endeavor of realizing this business plan. Advertisement and promotion will be performed extensively to publicize the company and establish a niche in the oil market. This will involve numerous media activities through which a business awareness of the prospect will be accomplished. A succinct SWOT analysis will be accomplished to guarantee the company’s success in the oil business. Organic...
2 Pages(500 words)Essay
Business plan/ organizational plan
...Organizational plan for ‘good health fitness centre’ unit The fitness centre organization plan will tend to give a list of what every member or worker of the fitness centre is required to do. It will list out the work plan, the eminent and daily programs and the growth of the organization as per a given time. The fitness centre will comprise of a managerial section and the workers. The management will be a team of individuals who will be at the helm of the fitness centre. Their work will be executive duties and powers mandated by the owners of the centre to them. Acting in the capacity of share holders. Chief Executive Officer (CEO) There will be the chief executive officer whose work...
3 Pages(750 words)Assignment
Oil Is Hindering Development In the Middle East Region
.... The theories include but not limited to authoritarianism, Islamism, rentier states, dependency, regional and global power politics on oil. References AHMED, N., 2013. Syria intervention plan fuelled by oil interests, not chemical weapon concern. Available from: (Accessed December 8, 2014). ASKARI, H. and TAGHAVI, R., 2006. Economic failure in the Middle East*. Banca Nazionale del Lavoro Quarterly Review, 59(236), pp. 81-111. ASKARI, H., 2006. Middle East oil exporters what happened to economic...
8 Pages(2000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Business Plan to Sell Oil Rigs in MENA Region for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us