Accenture: NOCs transforming energy relationships

02/13/2006
Models of cooperation between national oil companies (NOCs) and international oil companies (IOCs) are changing, according to an Accenture report.Accenture analysts profiled 20 NOCs and interviewed executives at 10 of them for a report released Feb. 7 at the Cambridge Energy Research Associates annual energy conference.Alex Oliveira, global upstream senior executive with Accenture, said relationships between NOCs and IOCs now focus more on specific projects than on long-term arrangements.For instance, BP PLC and Statoil ASA find their relationships much more project-based compared with the strategic alliances under which the companies worked in the 1930s, he said.Oliveira said many NOCs a...
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