OIL AND GAS
Oil and Gas organizations operate in highly sensitive and vulnerable environments. There are several external and natural risks in the industry, such as climate change, oil-rig explosions, fire, gas leaks, price volatility, etc. Internal threats such as IT security, if not monitored carefully, can have severe repercussions to health, safety, the environment, economy, and security.
As oil and gas companies spread their global network and operations in other countries, they need to ensure that they comply with a country’s specific regulations. As regulations become more numerous and complex, they can affect an organization’s strategy and operations. It is critical that compliance management is sustainable and can be reproduced. A GRC. system conducts consistent auditing to ensure the effectiveness of compliance and risk management.
An Oil and Gas GRC. system is implemented to transform an organization’s services by creating an innovative, automated, and safe strategy to increase workflow efficiency and protect business and customer data. Develop and implement an enterprise-wide risk management system, disaster mitigation plan, internal auditing, and regulatory compliance with Oil and Gas GRC.
We provides an integrated oil and gas GRC. solution catered to a specific organization by identifying its needs and where it and its subsidiaries are located. We enable a consistent process to recognize, evaluate, mitigate and document the company’s compliance and risk programs, identify trends proactively and implement mitigation action plans.
We also ensure our design of compliance with the multitude of regulations in the organization’s location for operations and business needs. Interacting and integrating governance into the existing IT infrastructure, extracting redundancies, and enhancing the organization’s ability to be flexible enough to support future business growth.
Organizations worldwide are shifting towards a more sustainable approach as the utility industry adopts renewable energy sources. This period is volatile and filled with uncertainty. There are fluctuations in the oil and gas prices, global change in regulations, and demand for change to renewable energy sources.