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PIRA'S GLOBAL POLITICAL RISK SERVICE
What do you receive with the GPRS

What Are the Benefits of the Global Political Risk Service?

The Global Political Risk Service provides a fully consistent supplement to PIRA’s Reference Case retainer services, with valuable deliverables that cover both the short-term trading horizon and the long-term strategic landscape. Specifically, clients benefit from the following service components:

Short-Term-Focus Deliverables  
How GPRS Supplements
 The Core PIRA Retainers
PIRA has always incorporated political events into its Reference Case forecasts for oil, gas and electricity. With GPRS staff, PIRA is now able to more fully — and, ideally, more accurately — factor risks into its forecasts.
So why get GPRS if your company is already a client to a core retainer (other than Global Oil)? Besides the benefits of the listed deliverables, there are other reasons:

1.

The influence of risk can often be a personal one. Whereas PIRA consultants may put a small value on a risk factor, you may feel a larger one is necessary. GPRS gives you the full sweep of information and analysis to allow you to draw your own conclusions, and thus your own adjustments to the forecasts.

2.

Access to the GPRS staff is limited to clients only. Having such a sounding board that is only a phone call or email away is invaluable.

3.

With face-to-face access to GPRS analysts and Advisory Board members, the Roundtable alone could be worth half the retainer fee. You will be equipped with the best tools to interpret evolving political risks.

4.

Now more than ever, the influence of world events has a bearing on where markets go. Can you afford to not fully equip your company with the intelligence needed to achieve optimal results in an uncertain world?


1. GPRS Alerts
  • Sent “as events dictate,” Alerts are insightful assessments of specific events with the potential to alter short- and long-term trends. Past news reports include:
    • Nigeria: Supply Risk Intensifies, Efforts to Restore Supply More Difficult
    • Washington: Big on Energy Goals, Small on Action
    • Algeria: Recent Bombings Are Wake-Up Call to North African Energy Interests
    • Iran and U.S: Calming the Waters to Avert a Crisis
    • Venezuela: Japan Supply Deal Provides New Financing Vehicle for PDV
    • Russia: Speech Signals Strategic Shift Away from the U.S. (and Atlantic Basin)
    • SPR Fill and Expansion, No Physical Impact For Awhile
    • Angola and Sudan: Possible Impact of OPEC
    • Mexico: Oil Supply Pessimistic Regardless of Vote
2. Weekly Country Risk Scorecard
  • One-page update that tracks political developments in major producing and consuming countries and assesses the price impact (bullish, neutral, bearish).
3. Periodic Conference Calls with Country Experts
  • Recent conference calls include:
    • Nigeria Election Preview
    • The Impact of U.S. Election on Iraq and Iran Policy
    • Crisis in the Middle East
    • Bolivia and the Energy Nationalization
    • Iran: Post-Election Outlook
Strategic-Focus Deliverables

4. GPRS Strategy Papers
  • In-depth analysis of emerging political, regulatory and investment trends that will alter the investment climate as well as the future outlook for supply and demand. GPRS Strategy Papers have been notably ahead of the curve in identifying such emerging trends as Chinese overseas investment patterns, royalty regime changes, and U.S. Congressional policy direction. Past strategy papers include:
    • Momentum Builds for Tighter Contract Terms: An Outlook and Analysis. Analyzes the historic relationship between oil price changes and contract terms and chronicles upstream contract changes since 2004.
    • China and India: The Market and Policy Implications of Their Overseas Energy Strategy. Analyzes recent acquisition trends by Chinese and Indian oil companies, quantifies equity volumes, outlines their future strategies and draw conclusions about the investment and geopolitical implications.
    • Fuel Price Subsidies: A Key Variable to Future Energy Demand Growth. Reviews the pricing policies of the largest energy consumers, analyzes the impact of recent reform on future demand and assesses the outlook for reform in countries that heavily subsidize prices.
    • Biofuels: A Review of Government Policies by Country. Reviews specific biofuels actions undertaken by 37 countries including large oil consumers and/or importers and provides a rough estimate of future biofuels demand based on existing mandates.
    • Avian Flu: Status of the Virus and Oil Risks. Evaluates the status of the epidemic, highlights producing countries at risk and assesses the risks for E&P operations.
5. Annual Stability Index
  • The GPRS Annual Stability Index measures economic, political and social risks in 35 key countries. Country coverage includes:
    • Opec Suppliers: Algeria, Angola, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, UAE, and Venezuela
    • Non-Opec Suppliers: Azerbaijan, Canada, Kazakhstan, Mexico, Norway, and Russia
    • Oil Importers: Brazil, China, EU, India, Japan, South Korea, and the U.S.
    • Current LNG Exporters: Algeria, Australia, Brunei, Egypt, Equatorial Guinea, Indonesia, Libya, Malaysia, Nigeria, Oman, Qatar, Trinidad, UAE, and the U.S.
    • Future LNG Exporters: Angola, Bolivia, Iran, Norway, Peru, Russia, Venezuela, and Yemen
6. Annual Roundtable
  • Clients receive two invitations to attend a roundtable at PIRA’s Retainer Client Seminar in October in New York. There, they can:
    • Discuss global and country risks directly with PIRA Political Risk team and Advisory Board
    • Dialogue over specific countries or new areas of interest
The Global Political Risk Service subscription also includes:

Access to PIRA Staff
  • As with all PIRA services, phone and email access to the GPRS group allows clients to obtain timely analytical support, facilitating a more productive use of their time and maximizing the value of the written content.
PIRA Online
  • All reports, data tables, and presentations are available to clients on PIRA Online. As such, recent and archived materials are easily searchable.

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Copyright © 2012 PIRA Energy Group.
Revised:  January 21, 2008
All rights reserved.