The energy industry is highly regulated in many countries around the world. International oil companies, national oil companies, service companies and other energy firms need to understand how government laws, regulations and industry standards apply to their operations. Then they need to establish cost-effective processes to fulfill legal requirements throughout the lifecycle of their operations.
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IHS Markit regulatory experts can help you establish a best-practice compliance management approach that is tailored to your company so you can not only minimize regulatory risk but also gain an advantage over competitors by boosting operational efficiency and reducing costs.
Our upstream oil and gas regulatory consulting team provides:
- Legal applicability determination
- Regulatory risk management systems
- Advocacy and litigation support
- Due diligence support
Government leaders around the world typically welcome investment by the energy industry. Oil and gas regulatory authorities want to encourage foreign companies to establish exploration and production operations in their country by offering a regulatory environment that allows the companies to earn strong ROI while also generating a reasonable revenue stream to the government and protecting their constituents’ interests.
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IHS Markit oil and gas regulatory experts can help you develop a winning strategy to attract E&P investment from major energy companies by ensuring that your regulatory framework is aligned with global best practices and therefore highly competitive with other countries seeking investors.
Our upstream oil and gas consulting team provides:
- Energy policy development
- Assistance drafting laws, regulations, standards
- Fiscal benchmarking
- Licensing round support
- National Data Repository
- Organizational change management
- Staff training/capacity building