Upholding Standards: Regulatory Compliance and Governance in Oil and Gas Training Course

Introduction

The global oil and gas industry operates under an intricate and ever-expanding web of national and international laws, regulations, and industry standards that govern every aspect of its operations—from environmental protection and health and safety to fiscal regimes, anti-corruption, and local content. Navigating this complex regulatory landscape is not merely a legal obligation but a fundamental imperative for securing licenses to operate, mitigating legal and reputational risks, ensuring operational continuity, and maintaining a social license to operate. Non-compliance can lead to severe penalties, operational shutdowns, and significant reputational damage.

This intensive training course is meticulously designed to equip participants with a comprehensive and practical understanding of regulatory compliance and governance principles specifically tailored for the oil and gas sector. From exploring various regulatory frameworks and compliance management systems to mastering risk assessment, internal controls, auditing methodologies, and ethical conduct, you will gain the expertise to ensure robust adherence to legal and industry requirements. This empowers you to minimize legal exposure, enhance operational integrity, foster a culture of compliance, and strategically contribute to the long-term sustainability and trustworthiness of your organization.

Target Audience

  • Regulatory Affairs and Compliance Officers.
  • Legal Counsel and Contract Administrators.
  • HSE (Health, Safety, and Environment) Professionals.
  • Operations Managers and Supervisors.
  • Project Managers and Project Engineers.
  • Internal and External Auditors.
  • Risk Management Specialists.
  • Senior Management and Executives responsible for Governance.

Duration: 10 days

Course Objectives

Upon completion of this training course, participants will be able to:

  • Understand the fundamental principles of regulatory compliance and corporate governance.
  • Grasp various regulatory frameworks impacting the oil and gas industry.
  • Analyze different components of an effective compliance management system.
  • Comprehend methodologies for identifying, assessing, and mitigating compliance risks.
  • Evaluate the importance of internal controls and ethical conduct in governance.
  • Develop practical skills in conducting compliance audits and investigations.
  • Navigate the complexities of international regulations and cross-border compliance.
  • Formulate robust strategies for building a strong compliance culture and ensuring good corporate governance.

Course Content

  1. Introduction to Regulatory Compliance and Governance
  • Definition of regulatory compliance and corporate governance.
  • Importance of compliance in the oil and gas industry: legal, ethical, reputational, financial.
  • Overview of major regulatory areas: environmental, health & safety, fiscal, anti-corruption.
  • The role of governance in ensuring compliance.
  • Case studies of non-compliance and their consequences.
  1. Regulatory Frameworks in Oil and Gas
  • Overview of international conventions and treaties (e.g., MARPOL, UNCLOS).
  • National laws and regulations governing exploration, production, processing, and transportation.
  • Permitting and licensing requirements.
  • Role of regulatory bodies and agencies.
  • Emerging regulations related to energy transition and climate change.
  1. Compliance Management Systems (CMS)
  • Components of an effective Compliance Management System (CMS).
  • Designing and implementing a CMS: policy, procedures, roles, responsibilities.
  • Integrating CMS with other management systems (e.g., ISO 9001, 14001, 45001).
  • Continuous improvement in CMS.
  • Digital tools for compliance management.
  1. Compliance Risk Assessment and Mitigation
  • Identifying compliance risks across the value chain.
  • Methodologies for assessing compliance risk (likelihood and impact).
  • Developing and implementing risk mitigation strategies.
  • Monitoring and reporting on compliance risks.
  • Risk registers for compliance.
  1. Corporate Governance Principles
  • Definition of corporate governance: structure, processes, and relationships.
  • Role of the Board of Directors and executive management.
  • Shareholder rights and responsibilities.
  • Transparency and disclosure requirements.
  • Best practices in corporate governance for energy companies.
  1. Ethical Conduct and Anti-Corruption Compliance
  • Importance of ethical conduct in the oil and gas industry.
  • Anti-bribery and anti-corruption (ABAC) laws (e.g., FCPA, UK Bribery Act).
  • Developing and implementing ABAC policies and procedures.
  • Due diligence for third parties and intermediaries.
  • Whistleblower protection and reporting mechanisms.
  1. Internal Controls and Assurance
  • Purpose of internal controls in ensuring compliance and operational integrity.
  • Types of internal controls: preventive, detective, corrective.
  • Designing and implementing effective internal control frameworks.
  • Internal audit's role in providing assurance on compliance.
  • Continuous monitoring of controls.
  1. Regulatory Audits and Inspections
  • Preparing for regulatory audits and inspections.
  • Understanding the audit process and auditor expectations.
  • Responding to audit findings and non-conformances.
  • Developing and implementing corrective actions.
  • Lessons learned from audit outcomes.
  1. International Compliance and Cross-Border Issues
  • Navigating different legal jurisdictions and regulatory requirements.
  • Extraterritorial reach of certain laws (e.g., sanctions, ABAC).
  • Cross-border data privacy regulations.
  • International trade compliance and customs.
  • Managing compliance in joint ventures and partnerships.
  1. Building a Culture of Compliance and Future Trends
  • Role of leadership in fostering a compliance culture.
  • Training and awareness programs for employees.
  • Communication strategies for compliance.
  • Digitalization in regulatory compliance: RegTech, AI for monitoring.
  • ESG (Environmental, Social, Governance) reporting and regulatory convergence.
  • Emerging regulatory challenges in the energy transition.
  • Continuous adaptation to evolving regulatory landscapes.

CERTIFICATION

  • Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

  • Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

  • Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com

For More Details call: +254-114-087-180

 

Upholding Standards: Regulatory Compliance And Governance In Oil And Gas Training Course in Mali
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