Subject category:
Case Method and Specialist Management Disciplines
Published by:
Program On Negotiation, Harvard Law School
Version: Rev 7/21
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https://casecent.re/p/193688
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Abstract
The Federal Republic of Meridia, located in Central America, is negotiating to sell off-shore oil leasing rights along its Eastern coast. the capitol of Meridia, Quintaro, is on the Western coast. Its population is 500,000. Meridia's Western coast already has a number of off-shore drilling facilities, but this would be the first in the East. The Government has high hopes about the effect these newly discovered oil fields will have on that region. The city of Guaca, which dominates that region, was just involved in a six-year civil war. Meridia has many offers by contenders. Petrocentram, from Venezuela, is one of those three. Negotiations between Meridia and Petrocam have been going on for about a month. A 'final' negotiation session is about to begin. If a decision is not reached today, Meridia will begin negotiations with other companies.
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Abstract
The Federal Republic of Meridia, located in Central America, is negotiating to sell off-shore oil leasing rights along its Eastern coast. the capitol of Meridia, Quintaro, is on the Western coast. Its population is 500,000. Meridia's Western coast already has a number of off-shore drilling facilities, but this would be the first in the East. The Government has high hopes about the effect these newly discovered oil fields will have on that region. The city of Guaca, which dominates that region, was just involved in a six-year civil war. Meridia has many offers by contenders. Petrocentram, from Venezuela, is one of those three. Negotiations between Meridia and Petrocam have been going on for about a month. A 'final' negotiation session is about to begin. If a decision is not reached today, Meridia will begin negotiations with other companies.