The management of SISIL Oil (Which is an integrated oil company) is considering investing in the upstream sector in certain countries within the global oil industry. The project is estimated to cover exploration and evaluation, development, production and a careful decommissioning process. The firm plans to adopt the use of successful efforts accounting method rather than full cost accounting method, as has been their tradition. The countries under consideration are Six (6), namely; Iran, Venezuela, Qatar, Norway, Kazakhstan, Libya (See Figure 1 and Table 1 for the global risk profile of the top 20 oil producing nations). You are a consultant in Trust Commercial bank and SISIL oils is soliciting your expert advice on the way forward. You are required to: Advise SISIL oil on the possible prospects and perhaps otherwise (ramifications) and why they should pursue a particular cause of action or not, regarding each of the selected countries.

Top 24 Conventional Crude Oil Proved Reserves Nations High-level Risk and Opportunity Analysis 100 Risk Index : (10 low; 90 high) 50 90 Nigeria Libya Venezuela Russia 80 Sudan 70 Mexico Iran Algeria 60 Ecuador ira Angola Kazakhstan Brazil China Saudi Arabia Azerbaijan 40 India -USA Qatar Oman Kuwait 30 Norway UAE 20 Canada REGION X 10 10 20 30 40 50 60 80 90 Opportunity Index: (10 low; 90 high) 70 100 Ranked by Oil Plus Gas Proved Reserves (Largest First) 60 Country Russia Iran Saudi Arabia Venezuela Canada (incl. oil sands) Qatar UAE Iraq Kuwait USA Nigeria Libya Kazakhstan Turkmenistan Algeria China Indonesia Australia Malaysia Norway Reserves, Risk & Opportunity (Foreign Investor's Perspective) Overall Overall Proved Proved Proved Oil Risk Opportunity Gas Oil Plus Gas Score Score Reserves Reserves Reserves (0 to 100) (0 to 100) tel Gb Gboe 65 45 1567.14 74.20 335.39 65 30 1045.67 137.62 311.90 45 279.67 264.59 311.20 80 35 200.09 172.32 205.67 25 65 61.95 176.43 186.76 35 85 895.76 26.83 176.13 30 70 227.14 97.80 135.66 60 50 111.95 115.00 133.66 45 55 63.00 101.50 112.00 65 244.66 28.40 69.17 75 40 185.37 37.20 68.09 65 54.38 44.27 53.34 60 40 64.36 39.83 50.55 60 40 286.17 0.60 48.30 65 55 159.06 12.20 38.71 50 45 86.71 14.83 29.28 50 40 112.47 4.40 23.15 30 60 108.66 4.22 22.34 40 55 84.08 5.52 19.53 35 60 72.25 7.08 19.12 35 85