Martin Mogstad

Martin Mogstad is a Senior Consultant with Water Street Partners. His recent experience includes working with oil & gas operators, service companies and heavy industry manufacturers in North and South America, Europe and the Middle East.
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Recent Posts

Non-Operated Joint Ventures: Does Asset Team Size Matter?

By Martin Mogstad | Tuesday, June 27, 2017

NON-OPERATED ASSET TEAMS are under assault. Staring into low commodity prices, non-operated asset teams in petroleum, minerals, and other natural resource sectors are under pressure to reduce team size. Attempting to shelter their teams – and make a fair and fact-based determination of the right team size – many non-operated asset managers and executive sponsors lack the data and perspectives to do this well.

It doesn’t have to be this way.

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Non-Operated JVs: Does Your Asset Team Have the Right Profile?

By Martin Mogstad | Tuesday, April 18, 2017
HOW NON-OPERATING partners in JVs structure their asset teams – size, composition, reporting, location, and other factors – will have an enormous bearing on the company’s ability to influence the Operator. In our experience, high performing non-op asset teams can easily have a 5-20% impact on asset performance and serve as a foundational backstop to material risks. And since non-operated ventures routinely represent 10-50% of company production, revenues, or capital investment volumes across petroleum, mining, power, and other natural resource companies, opportunities for impact abound.
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The Web of Partnerships between BP, Chevron, Eni, ExxonMobil, Shell, and Total

By Martin Mogstad | Tuesday, November 29, 2016

NOT SINCE THE interlocking corporate directorates of post-war Japan has there been such a concentration of intermingled corporate relationships as found today among oil and gas industry supermajors. When we plot producing assets by operatorship and non-operatorship, we see a pattern of extraordinary – albeit intriguingly lumpy – interconnections between the six supermajors (Exhibit 1).

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