Original scientific paper
https://doi.org/10.1080/1331677X.2017.1421995
Managing petroleum sector performance – a sustainable administrative design
Barbara Doric
; Univerza v Ljubljani Ekonomska fakulteta, Ljubljana, Slovenia
Vlado Dimovski
; Univerza v Ljubljani Ekonomska fakulteta, Ljubljana, Slovenia
Abstract
Countries all around the world use energy policy to achieve access
to energy resources, such as natural gas and oil, which can lead to
energy security and self-sufficiency as well as economic growth
and geo-political advantages. As oil and gas exploration and
production continues to be a priority within national energy politics
in producer countries around the world, oil and gas companies and
government bodies are implementing regulations to help enhance
the sustainability of the industry. One of the challenges of twenty-first
century is to meet demand and provide the world with enough energy
in a safe and sustainable way. A range of case study data is used, from
which a sample of 10 countries within Europe with similar institutional
quality, political stability and regulatory platform was selected.
Recommendations for petroleum sector governance and sustainable
administrative design, respectively, which will positively impact
petroleum sector performance and meet stakeholders’ expectations,
were defined. This study indicates that a country implementing
separate functions in administrative design will improve petroleum
sector performance and address identified key success factors which
will correspondingly meet stakeholders’ expectations, but most
importantly, it will manage the petroleum sector in order to create
wealth for the nation and ensure sustainability.
Keywords
Energy policy; petroleum sector performance; governance of the national petroleum sector, a sustainable administrative design; exploration and production; industry development
Hrčak ID:
200658
URI
Publication date:
3.12.2018.
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