STRATEGIC PLANNING AND IMPLEMENTATION

Strategic Planning and Implementation

Strategic Planning and Implementation

Introduction

The major reason of this paper is to make a strategic investigation of British Petroleum. BP owns 65 per hundred of the Deepwater Horizon well, Anadarko owns 25 per hundred, and Mitsui owns 10 percent. Under OPA 90, to blame parties and guarantors are together and severally liable for the charges incurred. In this occurrence, BP has been entitled the to blame party (Sam 2010 34). Pursuant to OPA 90, a “responsible party” entails, in the case of an offshore facility, the lessee or permitted of the locality in which the facility is located. Under the delineation of to blame party in OPA 90, the detail that Anadarko and Mitsui are furthermore “lessees,” may concern to the promise liability of Anadarko and Mitsui. However, the function of Anadarko and Mitsui as solely economic partners other than operators of the well is a key issue. Passive investors like Anadarko and Mitsui would commonly be needed to yield their pro rata share of liability except it is likely to verify whole negligence on the part of BP.

 

Task 1: BP's Corporate Strategies

To rendezvous increasing world demand, BP is pledged to:

Exploring, evolving and making more fossil fuel resources

Manufacturing, processing and consigning better and more sophisticated products

Enabling the transition to a lower-carbon future

We objective to manage this while functioning securely, reliably and in compliance with the law.

In Exploration and Production our scheme is to invest to augment output securely, reliably and effectively by reinforcing our portfolio of authority places in the world's most prolific hydrocarbon basins, endowed by the development and submission of expertise and powerful connections founded on mutual advantage. We propose to sustainably propel cost and capital effectiveness in accessing, finding, evolving and making assets, endowed by deep mechanical capability and a heritage of relentless improvement.

In Refining and Marketing our strategic aim is on enhancing portfolio value, incorporating undertakings over worth chains and presentation efficiency. We anticipate extending construction our enterprise round advantaged assets in material and important power markets while advancing the security and reliability of our operations. In Alternative Energy we have concentrated our investments in the localities where we accept as factual we can conceive the utmost comparable advantage. We have considerable enterprises in breeze and solar power and are evolving sophisticated biofuels and clean power technologies for example hydrogen power and carbon arrest and storage.

BP's yearly scheme production was consigned to analysts and investors on Tuesday, with the key headlines about the designed effectiveness savings and output development issued beforehand (Sam 2010 34).

Much of this is along the lines demonstrated at BP's fourth quarter results. There are more minutias in the press issue, and many more in the downhill rides and the webcast.

There was furthermore a first look from Carl-Henrico Svanberg, BP's head individual, who sat quiet all through, but marked off saying: “I believe your friends did well.”

Overall, the topic from Tony Hayward, the CEO, is that BP has large assets, in part thanks to the agreements ...