Regulatory Context
An oversight body responsible for licensing, compliance monitoring, and regulatory enforcement within the upstream petroleum sector.
The Challenge
Compliance risks overshadowed strategic mandate risks. Licensing and oversight exposure lacked structured integration. Control documentation was extensive but not rationalised.
Our Work
Regulatory risk workshops were facilitated with leadership and oversight teams. Strategic mandate risks were distinguished from operational compliance risks.
The enterprise risk register was redesigned to reflect the regulator’s core mandate. Regulatory oversight controls were assessed and rationalised. Formal strategic risk reports were produced.
Outcome
A clear mandate-aligned risk structure was established. Control duplication was reduced. Defensibility of risk scoring was improved, and executive reporting was enhanced.
About Petroleum Regulator
An oversight body responsible for licensing, compliance monitoring, and regulatory enforcement within the upstream petroleum sector.
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