Audio – Parker Drilling and the rise of the national oil company

June 7, 2007

Executives at the major oil and gas companies have worried for years about the rise of national oil companies, or NOCs, who are locking away their countries’ reserves for themselves. But not Parker Drilling, which has signed Saudi Aramco, Petrobras and other NOCs to contracts to use its rigs to tap new supplies. CEO Robert Parker talks about adapting to the new energy world of the NOCs, and the changing roles for the oil majors.

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