Seizing opportunitiesA new era for national oil companies |
For NOCs, these are truly the best of times. Based on extensive work with the oil sector across the world, Deloitte member firms have identified six key challenges, and hence opportunities to secure competitive advantage, that are high on the agendas of many NOC executives. These include:
- Risk management, reporting, and governance
- Talent development and retention
- Relationships with IOCs
- Financial management and international tax planning
- Supervision of remote operations
- Climate change and the environment
This management brief frames these challenges and invites a dialogue on how NOCs can best adapt to this new era - a period characterized by managing significant changes across multiple dimensions; experiencing international expansion, greater price volatility, innovative extraction and downstream technologies; and attracting a new generation of qualified talent to staff the oil companies of the future.
Download a full copy of the report below.
Seizing opportunities
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