The success of the exploration and development of oil fields in the near future will determine the long-term viability of the company in the U.S. Oil exploration and extraction has always been a risky business. Significant deposits of crude oil will have to be identified for any petroleum company to stay as a significant player in any region of operation. Lukoil is a relatively new operation when compared to the other established players such as ExxonMobil, Shell and BP. In addition, there are also many international companies such as Saudi's Aramco, Venezula's PDVSA and Brazil's Petrobras that enjoy the benefits of being a state run organization and not being subjected to the regulations that are faced by private organization. Constant fluctuations of the oil market have probability made this industry the most highly monitored globally. (Hoyos, 2007) Wars and civil unrest often are influenced by the need to safeguard the existing...

Russia in first U.S. corporate takeover. Accessed from the World Wide Web on May 20, 2007 http://news.bbc.co.uk/1/hi/business/1005160.stm
Lukoil, 2007. General Information. Accessed from the World Wide Web on May 20, 2007 http://www.lukoil.com/static_6_5id_29_.html

Lukoil, 2007. Exploration. Accessed from the World Wide Web on May 20, 2007 http://www.lukoil.com/static_6_5id_253_.html

Mosnews, 2005. Russia's Lukoil to Modernize Oil Terminal in New Jersey

http://www.mosnews.com/money/2005/01/24/lukoilterminal.shtml

Hoyos, Carola 2007 the new Seven Sisters: oil and gas giants dwarf western rivals. Published in the Financial Times, March 11, 2007. Accessed from the World Wide Web on May 20, 2007 http://www.ft.com/cms/s/471ae1b8-d001-11db-94cb-000b5df10621.html