Examinando por Materia "Oil extraction techniques"

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    Ítem
    Acciones, impacto financiero y costos en la industria petrolera : efecto de fluctuaciones en precios del petróleo
    (Universidad EAFIT, 2019) Bulla Hernández, Claudia Marcela; Escalante Gómez, Juan Esteban
    Objective: Analyze the cost management in an oil sector organization, this to identify how the external financial impact and costs produced by the fluctuation of oil prices affect positively or negatively, this to determine the consequent actions for an adequate mitigation process. Method: this is a qualitative case study through circumstantial and historical documentary analysis; the researcher performs non-participant observation to document the technical response that the Colombian company under study applies to the costs, this in a given period of time when the fluctuation of the oil price was down. Results: The researcher, through his documentary analysis, interacted gradually with the activity analyzed, which allowed him to determine the strategies used by the company under study while evidencing the useful processes that led to the solution of the problem. This research allows us to understand how to budget an action plan based on the adaptability of available resources against financial changes, to obtain adverse results that the crisis normally leaves, which makes it possible for the company to remain in the business market. This investigative documentary experience and analysis of the technical contribution in cost reduction, is based on the initiatives of the work team and financial savings obtained, this provides a look-up table that serves as a guide for future administrations in similar cases. Finally, the personal contribution of the researcher is provided by simplifying the documented process, taking into account the potential and optimization methods identified as a result of the documentary analysis. Conclusions: The improvement in the operative efficiency is demonstrable through the documentary analysis, this manages to explain how the geopolitical factors, environmental damages, new technologies of extraction and crude production, influence directly in the fluctuation of the oil price and in turn in the market internal of each country; the financial impact that derives from these factors can be positive when the profitability exceeds the production cost and can be thought of as investment, or of a negative type when the prices fall to the point of putting the cost of production at risk; The fluctuation of oil prices generates drastic consequences in negotiations of all kinds, this reaches several productive sectors of a country. It is to understand that being prepared allows the sustainability of the company in times of crisis, this mitigates the external effect with the optimization of processes. The company under study thanks to its cost optimization plan provides the necessary information to consolidate practical consultation tables with guiding questions.