BUSINESS CONTINUITY MANAGEMENT

Business Continuity Management (Oil and Gas)



Business Continuity Management (Oil and Gas)

Introduction

British Petroleum is an international energy company; it tends to operate from London, United Kingdom. In the year 2009, the British Petroleum achieved great numbers as it consolidated the sales of 239 billion U.S. dollars and employed 80,300 people. However, as far as their production is concerned it tends to inculcate the ability of producing 83 million barrels of daily oil equivalent. However, despite of their ability the British Petroleum only tends to promote 4 million barrels on a daily basis. However, the breakage in such a scenario tends to stand at 57 percent oil and 43 percent natural gas. However, the fact needs to be kept in mind that British Petroleum as per today tends to hold on to 22,400 gas stations serving 13 million consumers approximately on a daily basis (Klammer 2003, p.36).

Moreover, the British Petroleum tends to stretch its business beyond the borders of the United Kingdom. It stretches itself form America to south Asia, taking the countries like United States to Pakistan in its fold. However, the German and the European wing of the British Petroleum tend to be one of the leading contributors when it comes to profits and businesses. In the year 2008 the German BP AG achieved the record sales which rose to more than 42 billion Euros (nearly 30 billion Euros excluding energy tax). The operations in the Germany tend to be so stretched that nearly 6000 people are deployed to provide services to the consumers.

Before moving further in the context of the paper the fact needs to be kept in mind that the British Petroleum tends to be ranked or counted among the most valuable brands in the world. British Petroleum tends to work in two key areas which tend to take into its fold the exploration and production of oil and natural gas. Plus the Petroleum also renders its services in the areas of Petroleum processing and distribution. Moreover, the fact needs to be kept in view that the Petroleum also tends to inculcate an alternative energy wing under the banner of British Petroleum. Alternative Energy which is responsible for research into renewable energy. British Petroleum also tends to stretch itself top offer the services in the fields of processing and marketing of petroleum products and gas, electricity and renewable energy. However, the list can be stretched to a number of pages (Lawrence, 2008, p.45). However, in the light of the research it won't be wrong to state that regardless of having an outclass history British Petroleum have been involved in a few activities which had a profound impact on its image and on its promise to protect the environment and efforts towards the environment's sustainability.

One such incident was the famous oil spill which led to the detrimental effects as far as the British Petroleum was concerned. However, in the context of the paper we intend to focus on the Oil Spill and analyze how ...