Business Value

Good business relationships between Governments and their agencies, including ministries and NOCs, and international companies are vital. Governments cannot meet their economic and social development targets without expertise and investment from the outside world. Yet IHS research shows that the position today is not what it should be. When we polled governments and international operating companies (IOCs) in 2004, 50% of governments said their relationships with IOCs are not satisfactory.

IHS has unique experience and in-depth knowledge. We see both sides of these relationships. We have been a key adviser to governments and NOCs for more than 20 years. We have also been the number one supplier of information and analysis to oil and gas companies for close to 70 years.

IHS has advised leading resource-owner governments on everything from licensing round terms to promotion to data management. Our knowledge of the international industry puts us in a unique position to broker agreements, foster mutual understanding and facilitate good working arrangements. We add value to governments and NOCs, alike where it matters most: in building profitable relationships.