For countries endowed with oil and gas reserves, the picture is different in today's world. Many of the countries have chosen to govern the oil and gas industry through nationalizing these resources. These national oil companies are a leading force in the energy industry, or countries endowed with oil and gas reserves, the picture is different in today's world. Many of the countries have chosen to govern the oil and gas industry through nationalizing these resources. These national oil companies are a leading force in the energy industry.PricewaterhouseCoopers finds that the competitive behaviors of NOCs can be grouped into five distinct clusters, ranging from restricted access to competing head-on with the international oil companies. By mapping oil and gas reserves in the NOC host countries against production levels, the rationale for these competitive behaviors becomes even clearer. Countries with the largest reserves and greatest production have less need or incentive to open their fields to international partners. In contrast, countries with less reserves and lower production have a greater need to open their markets to outsiders, to gain the technological and commercial expertise that international oil companies and oilfield services companies can deliver.
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