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A new era is dawning

What must today’s traditional NOCs consider in transitioning to a hybrid model? How can they achieve effective and efficient man


A new era is dawning for national oil companies. They are expanding, not only beyond their borders, but also in the sophistication of their organizational structures and the ways in which they do business. This trend is reflected in the recent proliferation of what are being labeled as “hybrid national oil companies (hNOCs).” These are not nationalized companies; they are entities that quietly move between both the private and public sectors. This fluidity enables hNOCs to enjoy the best of both worlds: a safety net from the public sector – largely backed by the government in terms of ownership and financing – and the risk-taking of the private sector.

  • What is an hNOC and who are they?
  • How do hNOCs’ business competencies differ from traditional NOCs?
  • What’s needed to transition to hybrid status?


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