Asian NOCs return to international business development
Asian national oil companies (NOCs) are returning to international business development. Participation in high-profile exploration licencing rounds, M&A and discovered resource access have all featured over the last few months. We think the momentum will continue through 2018, driven by a combination of global opportunity, solid finances and strategic need. In this briefing, Wood Mackenzie’s corporate analysis team discusses: i) how strategic challenges and recovering fundamentals are driving global Asian NOC activity; ii) what the Asian NOCs could target next and iii) how the Asian NOCs can learn from the leading international oil companies.