Report on BP wins green light for Oman shale gas project

 Introduction of BP wins green light for Oman shale gas project

BP Oman is a major investor in Oman since 2007. In the Middle East, BP has a long history of the                exploration of oil and gas. It is considered as the pioneer in the production of tight gas, and bringing technology. One of the Middle East’s largest unconventional gas resources – the Khazzan field was developed by BP Oman. This company has a rich history of heritage brands as well, that includes, Amoco, ARCO/ampm, Sohio, Castrol, and Aral. BP Oman has a very rich history and to fulfill its social responsibilities towards the society it has established a cinema in the capital Muscat. In this report we intend to elucidate how the world is changing and now the education of students is not limited to a classroom only, there are tablets, computers, educational trips, educational movies etc. Now-a-days, education is much more than just books, like in the past movies and going to cinemas was just for leisure purposes. These days if you want to educate kids, you need to give them much more than just books. Cinemas are a great way to educate them and also at the same time they are having fun, as they do not have to read books to get a concept, they can simply see things happening in front of them, rather than just reading about it. BP Oman which is a major investor and a company with deep roots in Oman has acknowledged its responsibility in this regard and has established a cinema for educational purposes; they also have it in their plans to extend it for entertainment purposes as well. To extend it further, a marketing plan would be needed and currently they are working on it.

Interpreting the Task of BP wins green light for Oman shale gas project

 In this report we are going to talk about the unconventional ways of education that are more in demand these days and also are highly effective in learning. Technology has taken over every field in this modern age same is the case with the education sector. Now the traditional and orthodox methods of teaching are no longer in use. A way by which technology is used for educational purposes is by showing educational movies. This is a great way of education, as children can learn something more comprehensively by watching it happen in front of their eyes, than just by reading about it. Another advantage of this is that it also does not feel boring to students as they are having fun watching a movie. While this method of education also has critics but its pros outweigh its cons. BP Oman, also wants to extend the cinema’s audience and open it for entertainment movies as well. A retail marketing plan is needed for that purpose, it will help create awareness among people and increase its sales. (Carroll, 2009)

PESTLE Analysis: A PESTLE Analysis is done in the following of how the technology has impacted the educational sector. It focuses on how the political, economic, social, technological, legal and environmental factors would work with these technological ways of education. The Omani company that sponsored this project also intends to extend it for entertainment purposes that would definitely be a great recreation for the people. (Lucintel)

Political Factor: The political system of Oman is absolute monarchy. The Sultan holds the title of not only the Head of State but also the Head of Government. This head has influence over military, defense, foreign affairs, finance etc. So politics is definitely a great influence over every aspect in Oman. Educational sector is also not without this influence, the educational sector of Oman went through a reengineering in the 1970s. It went through significant developments in qualitative and quantitative terms. The high standards of learning and education were ensured for the students. So it can be said that the system of education is quite good overall, but as there is always room for improvement, but as the government of Oman seems serious about the educational sector so we can expect that this new educational method would be welcomed there. Cinemas are not only a good way of education but they can be used for revenue generation as well. The cinemas in Oman are not much developed and a few films have been shot in Oman only. So cinemas should also be looked for revenue generation.

Economic Factor: The economy of Oman has increased by 2.6 points and has showed significant improvements in all areas that are relevant to the rule of law. The rank of country is 6^th in the Middle East and North African region among the 14 countries. The GDP growth has been a steady one in the past half a decade but certainly not a remarkable one. Improvements in the economic freedom would be a good effort for the economic boost. One thing that Oman needs to focus on is the education sector, the better the education is the more learned individuals there would be and that would certainly help in the economic growth. Also cinemas are a good source of revenue and Oman has not developed much in that field by working on the entertainment sector, a good income can be generated.

Social factor: In the past decade the states of Arab and Oman have been through an enormous change and transformational process. The change was more in terms of economic development but the social change was not very much evident. The society of Oman has taken a very careful path and has not let the external factors influence its cultural values. They have adopted the most beautiful parts of the Gulf philosophy that includes “customs and mannerisms”. The change has certainly came but it had been a slow process.  The Omanis now are now more open to change, whether it is in the society or in technology. Educational technology will definitely be accepted by them as a good change as it is education and entertainment together.

Technology: Technological advancement is not a want it’s a need in today’s world. Any nation with a dream to move ahead has no way to do it but through technological advancement. There are many changes that the sultanate is going through at this time and it is the time that countries like Oman and other Gulf countries can excel in technology and can make their mark in the world. The government is also encouraging technological ventures. Companies who have the idea to introduce a new technology are being incentivized by the government. Cinemas are a great way to allow technology to enter in daily lives through a learning process.

Legal Factor: In Oman most of the law is around the Islamic Sharia. There are strong laws and regulations in Oman. However they are constantly amended and updated to provide a flexible and up-to-date legal framework for the business. There are commercial courts for the adjudication of business disputes. The government of Oman is taking all the measures to promote the ease of business. Cinemas are considered a new kind of business in Oman, and it would be particularly welcomed. As it would not only produce revenue but also provides a good source of recreation and education at the same time.

Environmental Factor: The environment of Oman is business oriented, and business is suitable there. The amendments in laws and regulations are continuously made to make the environment more feasible. As the BP Oman company is already an established company and is a major investor in Oman so there would not be any problems for it there.

SWOT Analysis (Al Salmi, 2015)

Strengths: The position of BP Oman is already enough strengthened in Oman. It is a major investor; it has a heritage history. It is concerned with the oil and gas industry which is the main business in Oman. BP Oman would not have much difficulty in establishing a new business there.

Weaknesses: Previously BP Oman was involved in the business of oil and gas extraction. The entertainment sector is a new sector for it. It is presently unaware of the pros and cons of this business.

Opportunities: Cinemas and entertainment is the sector which is not much developed in Oman. So this sector has a huge potential if properly taken.

Threats: The threat to this venture could be that it is not much explored, so the public reaction to this could be of any kind and that is hard to predict.

Conclusion of BP wins green light for Oman shale gas project

Cinemas are a great technique to develop the interest of children towards education. If they are also opened for the general public they can be a great source of revenue too. BP Oman can become successful in this sector by adequate marketing efforts. Create awareness among people that how cinemas can be used for educational as well as entertainment purposes. That would ensure its success in this sector.

 References of BP wins green light for Oman shale gas project

Al Salmi, M. A. (2015). SWOT and TOWS matrix e-Government analysis review on Sultanate of Oman. nternational Journal of Learning and Development, , 13-23.

Ani, W. A. (2015). What Japan can learn from the Oman Educational System? Oman: College of Education.

Carroll, M. R.‐H. (2009). ogress in developing a national quality management system for higher education in Oman. Quality in Higher Education , 17-27.

Lucintel. (n.d.). PESTLE Analysis of Oman 2016,. Retrieved from Lucintel: https://www.lucintel.com/pestle-analysis-oman-2016.aspx