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National oil companies across the Gulf Cooperation Council face a critical strategic decision as their giant legacy fields enter decline. Should they replicate expensive greenfield operating models, or design new frameworks specifically built for mature assets? This analysis examines three distinct operating model archetypes and reveals how GCC NOCs can achieve both low production costs and lean G&A through deliberate functional decomposition.

In accordance with Cabinet Resolution No. 57 of 2020, entities that conduct Relevant Activities under the Economic Substance Regulations must file directly with the Ministry, regardless of whether they have previously filed ...