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Business Plan to Sell Oil Rigs in MENA Region - Essay Example
Author : millermay
Pages 4 (1004 words)
Business plan to sell oil rigs in MENA region Table of Contents 1.Introduction 3 2.Product Feature and its Advtantage 3 3.Company Description and Formation 4 4.Market Analysis and Target Market 4 5.Revenue/Cost analysis 5 6.Timeline 6 7.Conclusion 6 Reference 8 1…
However, the success rate of a new business is expected remain high, if entrepreneurs is able to develop a realistic and achievable business plan by analysing and assessing the associated risk and by framing a set of effective and plausible strategies. This paper will present a brief business that will include product and company features, market and cost analysis with project timeline of the start up business. 2. Product Feature and its Advtantage The product is the start business is the oil rig machines which are basically a drilling machine to explore the underground oil and natural gas. These machines are huge in size that creates hole within the Earth. Oil rigs are installed and used at site where oil is supposed o deposited under the ground. Generally, the oil rigging machines are available in different sizes run by any of the one power system i.e. diesel engines or electrical generators. The oil rig offered by the new start up venture will be very help for the oil exploring companies as it will be able to run on both types of power system in accordance to the available resources. Besides, its new technology used for rotation system and for circulation system will be very cost effective as installation cost will be very low and will be quite productive in term of its cost including its maintenance cost and power cost. 3. Company Description and Formation The name of the new start up company is OilTech Pvt. ...