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Lucrative oilfield in India that Shell decided to abandon

The Times: Business Editor’s Commentary: Entrepreneurs need vision, determination and bravery as do large companies if they are to prosper. Bill Gammell has all those qualities. He also has a very lucrative oilfield in India, which Shell decided to abandon. Sir Philip Watts would not have qualified for the first round of the Entrepreneur of the Year contest but Shell’s structure did not nurture genuine entrepreneurs.

By Patience Wheatcroft

October 05, 2004

BUSINESSES need to nurture the entrepreneurial spirit from which they sprang.

Last night, t a glitteirng dinner, the individual named Entrepreneur of the Year in the Ernst & Young search which is sponsored by The Times was the chief executive of a FTSE 100 company, Cairn Energy.

Entrepreneurs need vision, determination and bravery as do large companies if they are to prosper. Bill Gammell has all those qualities. He also has a very lucrative oilfield in India, which Shell decided to abandon.

Sir Philip Watts would not have qualified for the first round of the Entrepreneur of the Year contest but Shell’s structure did not nurture genuine entrepreneurs.

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