Changing Trends in E&P Identified at 5th National Oil Companies & Governments Summit
LONDON (Sep 22, 2006)
The 5th National Oil Companies & Governments Summit in The Hague provided the forum to discuss how changing trends in E&P activity, from the 1970s to now and into the future, are affecting the Majors, the Independents and the emerging NOCs.
Representatives from a diverse group of NOCs and Governments recognized the key trend as the emergence of the NOCs and Independents at the expense of the majors in E&P dollars spent, number of wells drilled and the significant growth of NOCs’ activity outside their territorial boundaries.
The National Oil Companies Summit is an annual global event for both Governments & Private Companies (and the global industry value chain) to take stock of new petroleum industry directions, changing strategies, oil and gas projects, new investments, energy finance, Government strategies, and new venture opportunities in the world upstream oil, gas-LNG and GTL industry.
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