Intellectual Property Rights with the Strategy Formulation Approach in The Context of The Oil and Gas Industry

Soori, Alireza; Kazemi Najafabadi, Abbas; Harati, Mohadeseh

doi:10.22050/pbr.2024.471392.1344

Intellectual Property Rights with the Strategy Formulation Approach in The Context of The Oil and Gas Industry

Document Type : Original Article

Authors

Alireza Soori ¹

Abbas Kazemi Najafabadi ²

Mohadeseh Harati ³

¹ Ph.D. Candidate,Faculty of Law,Department of International Commercial, Intellectual Property and Cyberspace Law, Shahid Beheshti university,Tehran, Iran

² Associate Professor,Faculty of Law and Political Science, Allameh Tabatabaei University

³ Ph.D. Candidate, Faculty of Law and Political Sciences ,Department of Private Law, Allameh Tabatabai university,Tehran, Iran

https://doi.org/10.22050/pbr.2024.471392.1344

Abstract

The oil and gas industry, as one of the most complex industries with unique characteristics, plays a vital role in the world's energy supply. In order to be present in this field, gain and maintain a competitive advantage, the actors of this industry are condemned to create, develop or acquire innovative technologies. With the change in the approach of companies active in the oil and gas industry compared to the past, intellectual achievements have been considered as a valuable asset and their support has become inevitable. Companies active in the field of oil and gas are well aware of the fact that obtaining maximum profits requires managing and supporting intellectual achievements and defining an intellectual property strategy aligned with the company's business goals. Therefore, each company defines its intellectual property strategy according to its role in the energy supply chain and operates based on it. Investigating the cost and profit of intellectual assets are two important criteria in determining the appropriate strategy of an oil company.

Highlights

• The oil and gas industry are undergoing a shift toward innovation and intellectual property rights;
• Intellectual property rights are crucial for the survival and growth of the oil and gas industry;
• The oil and gas industry faces unique challenges in managing intellectual property

Keywords

Intellectual achievements

Oil companies

Intellectual property management

Competitive advantage and technological innovations

Subjects

Oil and Gas Economics and Management

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