IMD-3-1795 © 2006
Boscheck, Ralf
Established in 1997; Spinnaker; an independent energy business acknowledged for its stamina in information combination and seismic image improvement; is taken part in expedition; advancement and production of gas and oil primarily in the Gulf of Mexico (GoM). Starting as a traditional rack gamer; the business was quickly drawn into deep-water expedition and; by 2004; held around 131 blocks covering 745; 000 gross acres; or 312; 000 net acres; in the deep water of the Gulf of Mexico. At the very same time; it had actually found 11 brand-new deepwater fields; 2 which are presently producing; 4 remain in advancement and 5 more are still under examination. Spinnaker intended to provide financiers a well balanced stock of deep and standard rack activities in numerous areas of the GoM and; in 2004; enhanced geographical diversity by venturing worldwide to Nigeria's Tari possibility. It is the monetary element of Spinnaker's development that is of significance here. Knowing goal: Discuss alternative company designs in upstream oil and gas.
Subjects: Independent oil producer; Energy startup; Growth; Alternative business models
Settings: Gulf of Mexico; Oil and gas; Revenue US$ 272.9 million in 2004; Employees 78 in 2004; 1997-2005
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