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IOCs Sell Off Non - Core Business Operations and Forge Strategic Alliances to Focus on Promising Growth Opportunities
GlobalData, Aug 2011, Pages: 6
IOCs Sell Off Non - Core Business Operations and Forge Strategic Alliances to Focus on Promising Growth Opportunities
Summary
International Oil Companies (IOCs) face certain growth challenges in the current geopolitical and business environment. Among these, the primary challenge is difficulty in replacing oil and gas reserves in restrictive, resource-rich countries due to increasing resource-nationalization. IOCs are also facing stiff competition from the National Oil Companies (NOCs) for the addition of new oil and gas reserves to their portfolio, as the NOCs now control a substantial part of global hydrocarbon resources. This inability to replace oil and gas reserves has limited growth opportunities for IOCs.
In order to counter these challenges and for the next phase of growth, IOCs have adopted several strategies, including cutting debt, improving capital efficiency through the sale of non-core assets, forging alliances with NOCs, and expanding operations in unconventional resources.
Scope
- The report highlights the trend of divestment of IOCs from non-core business operations and presents the rationale behind the same.
- It also provides analysis of key objectives of IOCs for selling off their non-strategic business operations.
- It highlights the manner in which IOCs are utilizing the proceeds of these sell-offs - essentially to expand their operations in unconventional plays
- It further provides assessment of trend of IOCs forging alliances with NOCs
Reasons to buy
- Keep abreast of the key challenges faced by IOCs for next phase of busiiness growth
- Be informed about the strategies adopted by IOCs to counter the challenges posed by current business and geopolitical environment
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