The Conversation (0)
The Reference Files analyzes growth challenges of different international oil companies.
The Reference Files analyzes growth challenges of different international oil companies.
The editorial is quoted as saying:
Oil and gas acreages in resource-rich countries are increasingly being domiciled with their National Oil Companies (NOCs) as well as indigenous oil companies. One access route for IOCs to such acreages is through joint ventures with these NOCs and indigenous companies. The synergy brings IOCs’ advanced industry technologies together with NOCs’ vast acreage and financial resources (as in the case of China) as well as lower overhead costs (personnel and matériel).
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