The Landscape of Business Growth for Oil and Gas Upstream Companies: A case from Japan

Authors

  • Fumihiko Matsubara Hosei University

Abstract

Why is Japan, the 4th largest oil consumer in 2016, unable to develop a globally competitive oil and gas upstream company? This paper suggests that the Japanese government should merge two oil companies, which are both under governmental control, Inpex and Japex. The analysis revisits the 2008 debate on strategies between CERA, an esteemed energy consulting company in the US, and a group of Japanese scholars. CERA suggested that Japanese energy companies should acquire a large equity stake upfront in new exploration projects and sell to new investors as the potential identified by exploration grows. Alternatively, a group of Japanese scholars suggests Japanese energy companies should acquire oil and gas upstream projects that are close to the end and adapt Japanese technology for increased and enhanced oil recovery. Desk research and interviews with four experts were conducted for this study and it was found that both strategies are necessary.Keywords: Japanese oil and gas upstream companies, Growth of businessJEL Classifications: Q40, Q48DOI: https://doi.org/10.32479/ijeep.8240

Downloads

Download data is not yet available.

Author Biography

Fumihiko Matsubara, Hosei University

Ph.D. student, Graduate School of Business Administration, Hosei University, Tokyo, Japan 

Downloads

Published

2019-10-04

How to Cite

Matsubara, F. (2019). The Landscape of Business Growth for Oil and Gas Upstream Companies: A case from Japan. International Journal of Energy Economics and Policy, 9(6), 86–94. Retrieved from https://econjournals.net.tr/index.php/ijeep/article/view/8240

Issue

Vol. 9 No. 6 (2019)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.