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, with extensive but unrationalised control documentation.
- Licensing and oversight exposure not structured
- Strategic and operational risks not clearly distinguished
Work Delivered
KRS facilitated regulatory risk workshops and redesigned the enterprise risk register using Dimeri.
- Strategic mandate risks distinguished from operational compliance
- Risk register redesigned to reflect the regulator's core mandate
- Regulatory oversight controls assessed and rationalised
- Formal strategic risk reports produced
Outcome
A clear mandate-aligned risk structure was established with reduced control duplication and improved scoring defensibility.
About Petroleum Regulator
An oversight body responsible for licensing, compliance monitoring, and regulatory enforcement within the upstream petroleum sector.
Related Resources
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