The Joint Venture Compliance and Risk Management Training Course Provided by Imperial Corporate Training Institute is a comprehensive, industry-driven training program that provides an in-depth understanding of the complicated compliance and risk management issues that are unique to Joint Ventures located in the Oil Sector. Because Joint Ventures continue to be the predominant form of business used in Upstream, Midstream & Downstream Oil and Gas Operations, it has become necessary for an organization to operate in an increasingly rigorous regulatory environment while still being able to effectively manage the Operational, Financial, Contractual and Reputational Risk associated with the operational processes. Therefore, the course will provide a structured and practical approach to developing a solid foundation in Joint Venture Compliance Frameworks, Risk Governance Models and Internal Control Systems based on the current practices and trends within the Global Oil & Gas Industry.
Participants of the Course will develop the necessary skills to effectively manage the risks associated with Joint Venture Operations by understanding what their compliance obligations are and the various methodologies that can be used to identify risk and implement effective mitigation strategies. The training will provide a focus on the real-life application of these concepts to the Oil Sector, as well as provide participants with a background in the International Compliance Standards (ICS), Joint Operating Agreement (JOA) Requirements, and Enterprise Risk Management (ERM) Principles. By emphasizing a proactive, risk-based approach to compliance, the Joint Venture Compliance and Risk Management Course empowers participants to create a more transparent, accountable, and sustainable environment within Great Joint Venture Arrangements.
Objectives
Attendees will be able to:
- To gain insight into joint venture compliance requirements in the oil industry.
- To enhance joint venture structure based on advanced skill training on risk management.
- To improve competencies of the participants in identifying, evaluating and managing compliance/operational risk.
- To build a better framework for governance and internal control over joint ventures.
- To create alignment between the JV agreement and the regulatory responsibilities imposed upon the company.
- To provide the tools necessary to enhance your ability to manage financial, operational, and contractual risk.
- To provide an effective process for monitoring, reporting and assuring compliance.
- To encourage best practices related to making decisions based on risk within the oil and gas sector.
Target Audience
- Joint venture managers and coordinators in the oil and gas industry
- Compliance officers and regulatory affairs professionals
- Risk management specialists and enterprise risk professionals
- Internal auditors and compliance auditors
- Finance, accounting, and commercial managers involved in joint ventures
- Legal and contract administration professionals
- Oil sector executives overseeing joint venture portfolios
- Government and national oil company representatives involved in joint venture oversight