Strategic challenges facing international oil companies
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- Master Thesis 
The study argues that the greatest challenge facing the international oil companies at the moment is how to replace their reserves in the face of declining access to resources, and to solve this issue, they will have to adopt new strategic directions to remain relevant, viable and profitable in the future. This argues for greater investment in technology development that will enable a long-term drift towards renewable sources and greater extraction of unconventional oil; in the short term, increasing investment in conventional E&P programs, partnering with NOCs in 3rd countries and reconsidering positions in high risk countries.