Statoil Venezuela President Tor Espedal sees the international oil companies facing a dilemma and asks, "Will the national oil companies help the IOCs?" Basically, he answers his question "maybe." But if both parties are smart, both sides can benefit. Espedal's presentation at October's AAPG International Conference and Exhibition in Cancun was part of a full day of presentations by executives of major companies who discussed technology and strategies for maximizing efficiency. Companies represented in addition to Statoil included Pemex, Aramco, BP Exploration, ChevronTexaco, ExxonMobil, Kuwait Petroleum, Schlumberger, Shell International and Total. Espedal sees a much stronger commercial and non-commercial partnership between the NOCs and IOCs. "Globalization of the political agenda within the oil producing countries will create increasing demands for international cooperation on trans-national issues," he said, "such as training, models for social development, models for industry development and commercial models."
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