Oil and Gas Industry Porters Five Forces Analysis
Oil and Gas Industry Porters Five Forces Analysis
Oil and Gas Industry Porters Five Forces Analysis
ANALYSIS
The following are the key barriers to entry in the oil and gas business,
Patents are the first step.
Significant financial resources are required.
Scale economies
Government regulations are number four.
Differentiation of products
Cartel predatory tactics
Property rights to resources
Patents for technology and innovation serve as cost-cutting and differentiating drives.
Technical patent obstacles are less of an issue in refining because the technology used in
refinery construction is well-known. In efficient oil and gas markets, such as the United
States, entry obstacles arising from huge capital requirements and economies of scale are also
minimised, and in some cases do not exist.
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