National Oil Companies (NOCs) were once big spenders in international upstream BD but recent activity has slumped. A series of deals gone wrong have dampened M&A, with many Asian NOCs, doubling down on the development of local resources.
But with M&A valuations attractive and financial ratings at all-time highs, the drivers for NOCs to invest in existing portfolios and fill strategic gaps have never been stronger. Will they step up?
Agenda:
- Middle East NOCs: Why are they fast-tracking international expansion?
- Chinese NOCs: Will they overcome bureaucratic red tape to do deals?
- Asian NOCs: Why are they about to reach an inflection point in gas?
- LatAm and African NOCs: How can they improve portfolio longevity?
- Exploration: What is driving an improvement in NOCs' international performance?
- M&A: What will the NOCs look to buy?
