The surviving strategies for international oil companies in the upstream sector in Tanzania

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University of Dar es Salaam
In this study, the surviving strategies for international oil companies in the upstream sector in Tanzania were examined. Specifically, the aim was to assess the operational, financial and human resources strategies that enhance the survival of international oil companies in the upstream sector. To achieve this aim, an interpretive research design was employed. It was, therefore, important that the sample size be comprised of at least five (5) international oil companies that the primary data used in this study was collected, mainly through face to face interviews. A combination of content and thematic analysis was then employed to analyze the data. It was found that, with regard to operational strategies, applying sophisticated technology, diversification, efficient process and procedures are needed. As financial strategies, credits from financial institutions, company own funds, size of the firm, as well as partnership were proposed to be effective. Human resources strategies were found to be hiring skilled labor, using experienced employees, offering training, as well as retention. However, it was revealed that these international oil companies’ survival strategies still face such challenges as improper regulatory and policies, pressure from environmentalists, limited financial capacity, limited access to resources on their own; enough skilled and experienced staff; as well as lack of safety measures among employees. Given the results above, it is recommended that the policy makers, notably respective regulatory authorities in energy, should exert enough political will to implement effectively and efficiently policies and regulations which are friendly to international oil companies surviving strategies. This is because both Tanzania and the companies need to be able to smoothly benefit from oil and gas exploration and production. The academicians should develop enough courses to supports local contents benefits in oil and gas industry especially at upstream oil sector. This will also provide solutions to the problem of lack of native skilled personnel in this sector.
Available in print form, East Africana Collection, Dr. Wilbert Chagula Library, (THS EAF HD9560.9.A1T34S42)
Petroleum Industry, International trade, Survival, Tanzania
Shabani, I (2019). The surviving strategies for international oil companies in the upstream sector in Tanzania. Masters dissertation, University of Dar es Salaam. Dar es Salaam