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Favouring the brave

National oil companies are facing an unprecedented environment of radical change that is creating new parameters that require urgent action. Extreme volatility in commodity prices, broad shifts in demand, changing reserve portfolios, and a growing need for a global strategy are driving NOCs to the realisation that a new way of doing business is essential for the future.

Paul Navratil, Oil & Gas COnsulting leader for Deloitte Middle East, has authored this article, reprinted with permission from The Oxford Business Group.

Related links

Seizing opportunities: A new era for National Oil Companies
Fueling the world of tomorrow: IOCs and NOCs at a turning point
World-class procurement

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