Talking Point:
Clearly, national oil companies (NOCs, e.g. Petrobras, Pemex, Pertamina, PDVSA, Nigerian Nat’l Petroleum Co., Petronas, etc.) control most of the worlds discovered (as well undiscovered) reserves.
- Thus western companies must continue to find ways to partner with them, and this may be critical to future growth.
- Russian Oil Companies are the next largest holder of reserves behind NOCs, and several majors have been working on joint ventures there
Exploration has been slow for the last 20 years, major petroleum supplies are located distant from consuming nations, and resources are largely controlled by national oil companies. It is therefore not surprising…
These slides have been provided for use as presentations to students considering a career in the petroleum industry. You are permitted to use them individually or as a collection and adapt them to the needs of the presentation you are preparing. They are designed primarily for the use of those acting under the