Trend analytical procedure for strategic management of the oil and gas industry

Issue 56, 2024

Azhar Nurmagambetova, Nazira Gumar, Saken Abdibekov, Gulnar Kaliakparova, Nazgul Syrlybayeva

Received 05.11.2023, Revised 21.02.2024, Accepted 28.04.2024

https://doi.org/10.54919/physics/56.2024.250fn7

Abstract

Relevance. Modern trends set high requirements for the development of the oil and gas industry. Compliance with these requirements has ensured the survival of Kazakhstan's oil companies and the accumulation of extensive experience in recent decades. The necessity to find optimal methods of strategic realignment is crucial for the successful implementation of oil companies' strategies, aimed at meeting long-term goals, objectives, and external environment requirements, considering the deteriorating quality and high price risks of the resource base.

Purpose. The main goal of this study is to develop comprehensive organisational and methodological support for strategic transformations in oil companies. This support is intended to optimize resource allocation and improve the implementation of strategies, addressing the identified gaps in current methods and corrective actions.

Methodology. The study evaluates the effectiveness of specific indicators used in existing methods and designs improved organisational and methodological support tailored to the industry's needs.

Results. The results indicate that the developed organisational and methodological support creates a mix of management remedies aimed at the strategic transformation of oil companies. This support is ready for practical application and can be used both by oil companies and other enterprises, considering the specific characteristics of each industry.

Conclusions. The study concludes that existing methods for strategic realignment in oil companies are inadequate for optimal resource allocation and effective strategy implementation. The proposed comprehensive organisational and methodological support addresses these gaps, enhancing the ability of oil companies to meet long-term goals and adapt to external environmental requirements.

Keywords: financial analysis; well; long-term assets; enterprise

Suggested citation

Nurmagambetova A, Gumar N, Abdibekov S, Kaliakparova G, Syrlybayeva N. Trend analytical procedure for strategic management of the oil and gas industry. Sci Herald Uzhhorod Univ Ser Phys. 2024;(56):2507-2517. DOI: 10.54919/physics/56.2024.250fn7

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