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Role seen for integrated companies as NOCs grow more dominant

04/13/2009
National oil companies will become increasingly dominant, but will need to work with investor-owned integrated firms, panelists said Apr. 7 during the US Energy Information Administration’s 2009 annual conference.“Even though [NOCs’] resource bases continue to grow, they have different priorities. We don’t expect integrated oil companies to go away, but we do see them supplying the talent necessary to produce from increasingly difficult formations,” said David Knapp, senior editor of global oil markets with Energy Intelligence Group.Growth of NOCs will make it harder to predict supply trends because of their different priorities, observed Eduardo Gonzalez-Pie...
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