Strategies for Long-Term Commercial Success in NOC-IOC Partnerships

The 12th Annual NOC IOC Retreat took place on 25 – 27 May 2010 at spiritual home of Pennyhill Park, Surrey, UK.

Senior energy executives representing national resource holders, super majors and the service companies flew in from around the world to debate the key challenges facing the energy industry at this exclusive gathering. As usual, proceedings are subject to the Chatham House Rule of non-attribution and succeeded in generating unprecedented levels of frankness and open debate.

Topics discussed included the potential for new contractual engagement between NOCs and IOCs across the regions following the new Iraqi service contracts. The Retreat also saw parties looking at how we can attract talent to our industry and develop tomorrow’s leaders. Our distinguished participants also lent their views to what IOCs and NOCs can do to work towards energy solutions beyond petroleum.

As usual, the networking at the Retreat was first rate with elegant dinners, receptions, lunches and breaks hosted by our sponsors, as well as the inaugural NOC IOC Golf Tournament all held in the illustrious surroundings of Pennyhill Park.

As usual the Retreat served as a unique meeting place for energy industry progressive minds and served to push forward for solutions to the major challenges we face as an industry.

Excellent networking and learning opportunity in the most suitable atmosphere.

Abdullatif Al Othman, SVP Finance, Saudi Aramco

Conducted Under the Chatham House Rule
The NOC IOC Retreat has enjoyed a reputation as one of the very few platforms where
dialogue between the major industry parties can take place because of the rigorous
application of the Chatham House Rule of non-attribution throughout the event. To
date, there is no occasion when discussions at the Retreat have been repeated publicly.

A New Dawn for the NOC IOC Retreat - NOC IOC Working Groups
To underpin the quality of the NOC IOC Retreat programme, we have established two Working Groups to produce original thinking and research on the key issues to face the industry.  Formed by leading experts connected with the debate and top level practitioners from NOCs and IOCs, the Working Groups meet at points during the year to drill down into the critical challenges of leadership and NOC IOC engagement.

To find out how you can get involved or to discuss business opportunities to increase your company profile, contact Jenny O’Mahony on +44 20 7978 0045 or email jomahony@thecwcgroup.com

I found this Retreat to be the ideal place for service providers, NOC's and IOC's to establish and strengthen their business relations in a wonderful setting.

Guadalupe Merino, Managing Director of Corporate Services, Petróleos Mexicanos