The document provides an overview of national oil companies (NOCs) and hybrid NOCs like Petronas, Petrobras, and Statoil. It discusses the reasons for establishing NOCs, common stereotypes of NOCs, different types of NOCs, and factors driving commercialization. The document also summarizes the important events, government relationships, global investments, and strengths/weaknesses of Petronas, Petrobras, and Statoil. It concludes by considering the future outlook for NOCs and some specific hybrid companies.
20. Government Relations: Petronas Petroleum Product Pricing Downstream Regulators Subsidies Dividends Energy Policy Upstream Regulator Natural Gas Pricing PM is also Minister of Finance
34. Government Relations: Statoil Source: Norwegian Ministry of Petroleum and Energy Consultant Government Investor NOC Pension Manager ($280 b) Policymaker Administrator/ Regulator
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36. Home Reserves & Commercialization Process Protection Competition Partial Privatization Internationalization Reserves Domestic Political Power International Political Power
39. Ingredients for an efficient NOC: Clear separation of powers/regulator X X No Financial and managerial autonomy X X ? Timely injection of competition X X ? Desperation (diminishing reserves) ? X X Technological innovation X X X Educated workforce X X ?
44. Who Are the NOCs? (cont.) Source: PwC Norway Azerbaijan China Mexico Brazil Malaysia India Egypt Angola Oman Indonesia Libya Nigeria Venezuela Kuwait Iran Saudi Arabia Russia Algeria Qatar UAE Iraq Kazakhstan Uzbekistan Turkmenistan Under Development PSCs Available International NOCs Restricted Access Gas to Markets BOE Reserves BOE Production
45. Brazil is soon to become a net exporter of oil… Missing their production targets!