Retention of key staff, HR Management

Assignment Help:

Oman is a Muslim Arab country located in the south east of the Arabian Peninsula. Islam is the official religion and Arabic is the official language. However, English is widely spoken in Oman. Tribal system is the second most factors that affect Omanis life after Islam. Oman is a middle-income economy that is heavily dependent on dwindling oil resources. Because of declining reserves, it has actively pursued a development plan that focuses on diversification, industrialization, and privatization, with the objective of reducing the oil sector's contribution to GDP to 9% by 2020. Tourism and gas-based industries are key components of the government's diversification strategy. By using enhanced oil recovery techniques imported by international oil companies, Oman succeeded in increasing oil production, giving the country more time to diversify, and the increase in global oil prices throughout 2010 provides the government greater financial resources to invest in non-oil sectors.

Occidental Oman Inc (Oxy) was one of these oil companies which utilized its experience to increase the oil production. Oxy Oman operations are concentrated at the Mukhaizna Field in south-central Oman, the Safah Field in northern Oman, and adjacent areas. Oxy have increased production, reserves and scope during our 30-year tenure in Oman, and today is the country's second-largest oil producer.

At the Mukhaizna Field, Oxy has implemented an aggressive drilling and development program, including a major pattern steam flood project for enhanced oil recovery. To produce feed water for the steam needed for the project, non-potable water from multiple sources, such as water separated from oil production, is conditioned using various technologies - including the largest mechanical vapor compressors ever built. The exit rate of gross daily oil production at the Mukhaizna Field is over 12 times higher than the production rate in September 2005, when Oxy assumed operation of the field. Oxy plans to steadily increase production at Mukhaizna through continued expansion of the steam flood project.


Related Discussions:- Retention of key staff

Employment Or Independent Contractor, AEmployment Status Assignment Title:...

AEmployment Status Assignment Title: Employee or Independent Contractor Directions: For each of the following 5 scenarios, please indicate whether the individual would be classifie

Mba, #In the present-day Indian context most of the selection processes are...

#In the present-day Indian context most of the selection processes are virtually a kind of elimination process only. Do you agree or not? Give reasons. ..

Key factors of hr-related acts, Choose the three HR-related Acts that impac...

Choose the three HR-related Acts that impact most on your work.  Provide the following information about each of them: 1. Explain its purpose and general application. 2. What

Analyse the various hr practices, Cafemac, a UK renowned coffee shop, is ac...

Cafemac, a UK renowned coffee shop, is achieving its objective of growing globally by more than five outlets and 150 employees daily. Cafemac believes that the key to company succe

Sound reward system, HR management depends on sound reward sustem explain

HR management depends on sound reward sustem explain

Illustrate downward communication, Question 1 (a) Describe the process ...

Question 1 (a) Describe the process of mass communication with reference to the circular model of Osgood and Schramm. (b) Show the barriers of communication and suggest how

Assignment, "effective hrm depends upon sound reward system/comment

"effective hrm depends upon sound reward system/comment

Instructional leadership, Develop a major handout on the key principles of ...

Develop a major handout on the key principles of instructional leadership with a clear explanation why each focus area was chosen and an annotated bibliography on each major princi

Labor-intensive product with the heckscher-ohlin model, Q. Two countries e...

Q. Two countries exist in this model, R and P. P is relatively labor (L) abundant, as is evident in the bottom right horizontal axis. If Country P were to be totally specialized

What are strategies for avoiding an expected labour shortage, Question : ...

Question : (a) With the recent recession, the business environment has been facing lots of turbulences. As such, organizations have a surplus of employees due to the fact that

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd