These Are Three Types Of Oil Companies
As you pursue a career in petroleum industry either you want to do business in oil and gas sector or you would like to get the job in petroleum companies, it is better to know these three types of petroleum companies and it well help you know where you can start so as to reach your dreams in petroleum industry.
Well ,let us begin
There are three types of oil Companies
1.International Oil company (IOC) Which also is non state-owned or privately owned. An Ioc is an international super major oil company like
- Exxon Mobil,
- Royal Dutch Shell, BP,
- Chevron,
- Conoco Philips
IOC are available in most countries where oil and natural gas exploration and production occur.
2.National Oil Company (NOC) or state-owned company of an oil-producing host country, example
- Tpdc in Tanzania
- Adnoc in Abu Dhahabi
- PEMEX in Mexico,
- Statoil in Norway. Together all NOC currently control 88% Of oil reserves.
Unlike the independent or IOC they rarely work outside the country borders.
3.Independent Oil and gas company
This privately owned company are non integrated which means they receive all revenue from oil and natural gas production at the wellhead. The are exclusively in the exploration and production segment of the industry and are found world-wide.
My Final Words
Your role as graduate, students or entrepreneurs is to understand all above mentioned petroleum companies and analyze and evaluate each types of company and then decide where is an i deal place to begin your career.
