OPES does not have conflicts of interest because it chooses clients who have only complementary activities. Confluence, not conflict, of interest is the OPES way. It is likely that OPES’ clients will benefit from sharing the experience and activities. In fact, it is often a likely source of business development for many clients as co-venturers in different projects.
A recent example was a trading company which participated in an offshore gas recycling project, to purchase a specific type of condensate required by one of its refineries. In many instances, OPES has been able to assist the Operator in finding joint venture partners or vice versa. Several of our clients do not wish to be Operators, but have acquired significant equity, sufficient to justify appointing an Operator with common interests. At the other extreme is the case of investors seeking opportunities in specific geographical areas either to enhance their portfolio or mitigate against fluctuations in commodity prices.
Understanding the need of each client is part and parcel of OPES' services. This is often the result of long and lasting relationships based on trust.