Competitive advantage in petroleum exploration

Competitive advantage is the essence of firm performance in competitive markets. Competitive strategy is how to create and sustain competitive advantage.The literature on competitive strategy for petroleum exploration, however, is very limited. Most of the published work is on exploration strategies, choosing what plays to enter, when to get out, what to bid for a concession.1The recent focus in the literature is on composing the portfolio of exploration assets and efforts, most often in the context of both petroleum exploration and exploitation. There is much less on competitive strategy for the exploration outfit.What might be the reasons for this lack of literature?Petroleum exploratio...

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