Energy giants: IOC, NOC tie-ups mean better risk management

Hand shake

Officials at Chevron, Eni and TNK-BP revealed at a conference today that one of the best ways of mitigating supply, commercial, credit, operational, exploration and political risk is by tying international oil companies and government-owned entities into future exploration and production contracts.

"Risk management is the number one concern for any energy company," says Jay Pryor, vice-president of business development at oil and gas company Chevron at the Oil and Money conference in London.

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