Regulatory Compliance Services'Helping you to manage your legal compliance and associated financial risks by providing full assessment, interpretation and analysis of all laws and regulations governing your business interests anywhere in the world.'
Why Regulatory Compliance Services?
Governmental agencies, financial institutions and the general public are increasingly concerned with the industry's ability to demonstrate transparent and effective corporate governance practices.
The global regulatory trend is now towards making it mandatory for companies to develop and implement demonstrable compliance management systems. The high-profile nature of the international upstream oil and gas sector means that it is particularly exposed to governmental and public scrutiny and, as such, must take all necessary steps to demonstrate embedded compliance-driven management practices. However, for individual operating companies to compile, interpret and plan meaningful strategies from the ever-increasing legislative requirements represents an enormous task.
The IHS approach - complete compliance throughout the project life cycle
With a global outlook and skilled team of industry professionals, IHS's Regulatory Compliance Service ensures that your company meets its compliance requirements.
A highly professional group of lawyers, regulatory specialists, explorationists and IT specialists is able to offer compliance management services throughout the life cycle of a petroleum project.
Key services offered include:
- Identification and high-quality translation of project-applicable legislation using in-country legal resources where appropriate
- Design and implementation of sophisticated regulatory compliance management solutions providing immediate access to the obligations a company faces in relation to a specific regulatory issue and the ability to manage these obligations in terms of specific projects and individuals
- Comprehensive legal review to identify all the obligations with which a company must comply in a particular jurisdiction
- Analysis of the regulatory risk associated with investing in a country or a project
- Audits of permits, licenses, authorisations and certifications obtained by an organisation when undertaking a particular activity in a specific jurisdiction
- Comparative reviews of international, regional and national legislation on behalf of governments and foreign oil companies for the purpose of shaping regulatory development strategies
- Peer review of documentation intended to ensure compliance with the regulatory requirements relating to a specific activity
Clients have reported the following service benefits:
- Demonstrable evidence that positive steps are being taken towards achieving 100% compliance
- More efficient use of time by lawyers, engineers, HR and HSE through providing immediate access to all applicable laws, decrees and regulations and the obligations that they contain
- Effective management of regulatory risks ensuring schedules and budgets are met
- Management of regulatory knowledge providing for practical experience to be recorded for future reference
- Significant cost savings are implicit in all of the above
In summary, the services offered provide regulatory advice and support throughout the life cycle of a petroleum project.
For further information, please contact us. |