Energy Partners Alexander Franke and Volker Weber pen an article for Arabian Oil and Gas on how National Oil Companies (NOCs) can remain competitive despite low oil prices
April 30, 2017
Alexander Franke and Volker Weber from the Energy practice discuss how enterprise risk management (ERM) infrastructures can help NOCs compete globally with international oil majors and match their financial performance. There is ultimately a need for NOCs to determine how much risk they are willing to bear, and the establishment of a risk culture. Without the influence they enjoy on home turf, NOCs are increasingly prone to reputational and regulatory risks as they come under scrutiny from foreign entities.
This opinion piece, published in the subscription-only oil and gas monthly publication, Arabian Oil and Gas, reviews the low price situation and recommends what steps Middle East NOCs can take in response.