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Thursday, January 13, 2022 2:30:29 PM
A National Oil Company (NOC) is an Oil & Gas company fully or, in the majority, owned by a national government. According to the World Bank, NOCs accounted for 75% global oil production and controlled 90% of proven oil reserves.
Due to their increasing dominance over global reserves, the importance of NOC's relative to International Oil Companies (IOC's), such as ExxonMobil, BP, or Royal Dutch Shell, has risen dramatically in recent decades. NOC's are also increasingly investing outside their national borders.
Would be looking for a contract or two from an NOC in 2022 if the new tech proves viable... and so far it has.
Recent PCTL News
- Form 8-K - Current report • Edgar (US Regulatory) • 10/05/2023 02:05:09 PM
- Form 15-12G/A - Securities registration termination [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 07/18/2023 07:06:52 PM
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 07/13/2023 04:32:57 PM
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