Journal of Petroleum Technology, Vol.47, No.9, 776-781, 1995
The Virtual Oil Company
In anticipation of continuing declines in upstream activity levels over the next 15 years, the virtual oil company model articulates a vision of fewer, leaner, but financially stronger firms that concentrate only on their core competencies and outsource the rest through well-structured partnering arrangements. Freed from the "clutter," these leading companies will be in better position to focus on those opportunities that offer the potential for renewed reserve and revenue growth.