Major oil company was interested in developing an important asset in West Africa but the company was concerned about the unstable above-ground risk environment in the region.
- The assets were located in a country with a history of unstable politics and internal conflict.
- The region is experiencing complicated geopolitical dynamics due to competition between China, Russia, and the United States for influence and access to oil.
- The regulatory environment in the country in question is highly unpredictable, with rules constantly shifting for companies doing business in the country.
- Competitive landscape in the country is becoming highly challenging due to new entrants from China and India.
- Intense NGO and community activism was making the development of the project highly challenging.
