Legal Aspects of International Business and Enterprise

Title: HI5015 Legal Aspects of International Business and Enterprise
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HI5015 Legal Aspects of International Business and Enterprise
Table of Contents
Introduction......................................................................................................................................3
1. The description of Schlumberger.............................................................................................3
2. Identification and impact on the regulatory framework that is affecting the multinational
company operating in Australia.......................................................................................................3
3. Identification of the treaties and convention on agreements that have made an impact on
products and different services that the MNC provides in Australia...............................................6
Conclusion.......................................................................................................................................7
Reference List..................................................................................................................................9
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HI5015 Legal Aspects of International Business and Enterprise
Introduction
The essay is generally based on the understanding of the legal aspects which are related to the
international business and enterprises. Schlumberger is taken into consideration as a
multinational company which operates in Australia for understanding the legal aspects. There is
a brief description provided about the organization, the second part it deals with the regulatory
framework that is generally affecting the multinational company operating in Australia. The third
part of the essay generally conveys the treaties and agreements that impact on the organization to
work in Australia. The entire essay is based on the operation of the organization under the legal
terms and conditions of Australia.
1. The description of Schlumberger
Schlumberger Australia Pty Ltd is generally a foreign privately owned company which is
primarily concerned with the provision of Technology and Services. They also provide solutions
to International oil and gas industry. The company employs 935 people and is administered from
the head office that is located in Perth. The organization is generally a subsidiary of NYSE
services, Schlumberger Limited. They provide Technology Services to the international Oil and
Gas Industries and also have the acquisition of Geoservices that includes mud logging, well
intervention and field surveillance as well. The company generally is associated with
information, testing, evaluation and production of services that are related to Oil and Gas Wells.
The directional measurements and logging in drilling procedure are also connected with the
acquisitions processing and seismic data sales. These are a part of the semi-submersible drilling
units. Therefore it engages in the engineering solution for a proper reservoir to service consisting
of products related to software, data service, and information technology for the exploration of
hydrocarbon and its production (slb.com, 2019).
2. Identification and impact on the regulatory framework that is affecting the
multinational company operating in Australia
The Government of Australia has generally recognized that there is a basic need of regulatory
framework so that there is consistency in the developing market. This aims at making some
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