Joint Ventures are created for a variety of reasons including; sharing risks, political exposure or regulatory requirements, access to capital, technology, resources and more. The objective to maximise value creation that could not be achieved by the entity on its own.

Frequently the desired objectives of the JVs are not fully realised due to a variety of underlying reasons including a lack of clear partner alignment on issues such as; the strategic objectives, decision making governance process, transfer pricing and risk management , how to source and reward JV personnel and parent Company commitment.

While the root cause often lies in the agreements themselves, it is not unusual for this to be exacerbated though the personal interactions between the partners and the manner in which contracts are actually executed.

Ulysses Petroleum Management’s focus is to bring the broad experience in crafting and operationally running these types of agreement to a client’s JV in order to maximise value generation through transparency and operational efficiency.