Program overview:

This comprehensive training program is designed to equip professionals with a thorough understanding of the statutory, legal, and compliance requirements specific to the oil and gas industry. Participants will gain critical insights into the regulatory frameworks that govern operations within this sector, ensuring that they can effectively manage compliance, mitigate legal risks, and align organisational practices with industry standards.

For Whom:

This course is designed for compliance officers, legal advisors, risk managers, regulatory affairs specialists, and other professionals involved in managing statutory and regulatory compliance within the oil and gas industry. It is also valuable for executives and managers seeking to deepen their understanding of the legal landscape and its impact on business operations.

Learning objectives:

At the end of the course, participants will be able to:

• have a solid grasp of the statutory and regulatory requirements affecting the oil and gas industry.
• acquire practical tools and strategies for effective compliance management.
• navigate complex legal and environmental issues.
• apply best practices in managing risk and ensuring organisational adherence to legal standards.

Course Outline:

Day 1: Statutory, Legal, and Compliance Management: An Overview

The Oil & Gas Industry

• Overview of the industry’s structure and operations
• Key players and stakeholders
• Industry-specific regulations and compliance requirements

Statutory Framework

• Definition and importance of statutory requirements
• Overview of relevant statutes and regulations (local, national, and international)
• Key regulatory bodies and their roles

Legal Framework

• Types of laws affecting the oil & gas industry (e.g., environmental, health and safety, labour laws)
• Contractual obligations and liabilities
• Case studies on legal issues in the industry

Compliance Management Basics

• Definition and objectives of compliance management
• Components of a compliance management system
• Key principles and practices

Day 2: Regulatory Compliance and Risk Management

Regulatory Compliance

• Overview of major regulations (e.g., Environmental Protection Agency (EPA) regulations, Occupational Safety and Health Administration (OSHA) standards, International Maritime Organisation (IMO) regulations)
• Compliance documentation and reporting requirements
• Regulatory audits and inspections

Compliance Risk Management

• Identifying and assessing compliance risks
• Developing risk management strategies
• Implementing and monitoring controls

Health, Safety, and Environmental (HSE) Compliance

• Key HSE regulations and standards
• Risk assessment and management for HSE
• Incident reporting and investigation
• Class Exercise: Group discussions and problem-solving scenarios

Day 3: Contract Management and Legal Issues

Contract Management in the Oil & Gas Industry

• Types of contracts (e.g., exploration, production, service contracts)
• Key contract clauses and their implications
• Managing contract performance and disputes

Legal Issues and Dispute Resolution

• Common legal issues in the industry (e.g., intellectual property, environmental claims)
• Mechanisms for dispute resolution (e.g., arbitration, litigation)
• Case studies on legal disputes and resolutions

Compliance with International Standards

• Overview of international standards and frameworks (e.g., ISO 14001, ISO 45001)
• Global compliance requirements and challenges
• Best practices for international operations                  
• Class exercise: Analysing and drafting contract clauses

Day 4: Internal Controls and Audits

Internal Controls for Compliance

• Designing and implementing internal controls
• Monitoring and evaluating control effectiveness
• Reporting and addressing control deficiencies

Auditing and Assurance

• Types of audits (e.g., internal, external, compliance)
• Preparing for and conducting compliance audits
• Addressing audit findings and implementing corrective actions

Compliance Culture and Training

• Building a culture of compliance within an organisation
• Developing and delivering effective compliance training programs
• Measuring and reinforcing compliance culture

Day 5: Future Trends and Best Practices

Emerging Trends and Challenges

• Technological advancements and their impact on compliance
• Changes in regulatory landscapes and future directions
• Industry-specific challenges and opportunities

Best Practices in Compliance Management

• Case studies of successful compliance programs
• Benchmarking and continuous improvement
• Leveraging technology and innovation in compliance

Developing a Compliance Strategy

• Crafting a comprehensive compliance strategy for the oil & gas industry
• Aligning compliance strategies with business objectives

This course package includes: Course material in soft copy, Tea break, Lunch, City tour, and certificate of attendance.

A Core 1.5 laptop with the soft copy of the course material loaded with a carrying bag will be presented to the participants at the end of the course.

Note: Payment is either USD or the prevailing parallel market rate. We do not accept the government official rate.

Training Methodology: Lectures, discussions, exercises, case studies, and audio-visual aids will be used to reinforce these teaching/learning methods

Course Booking

Please use the “book now” or “inquire” buttons on this page to either book your space or make further enquiries.