Regulatory Compliance & Comparative Analysis

IHS Regulatory Complianceand Comparative Regulatory Analysis provides compliance management solutions to real operational challenges throughout the life cycle of industrial projects. Likewise, we advise governments on implementing regulation that balances the interests of industrial investors and state treasurers.

Clients gain invaluable support for:

• Understanding the regulatory process in the country or countries in which they are operating
• Advocating preferable regulatory changes and implementing reliable compliance mechanisms
• Identifying the authorities with jurisdiction over their projects and becoming aware of the risks and costs of non-compliance
• Assigning responsibilities and tracking compliance, particularly following any new regulations or changes
• Setting fiscal terms and other regulatory matters that appeal to the interests of stakeholders

IHS Regulatory Complianceand Comparative Regulatory Analysis enables you to:

• Ensure regulatory compliance for the entire life cycle of your project nearly anywhere in the world
• Implement reliable compliance monitoring solutions
• Save time, costs and non-compliance fees
• Optimize workflow
• Develop regulations and policies that attract foreign investment yet maximize state receipts
• Establish a basis for reporting compliance status
• Receive International Organization for Standardization [ISO] accreditation for Health, Safety and Environmental (HSE) protection
• Access extensive IHS databases, project evaluation tools and project, negotiation and licensing round and site visit support

Client Challenge: How can our government set fiscal terms that simultaneously attract foreign investment in the upstream oil and gas activity and maximize state receipts?

IHS Consultants can:

• Employ various methodologies to determine your top competitor countries and conduct benchmark studies of their fiscal terms using defined criteria

See Case Study #1

Client Challenge: How can our government obtain comprehensive services for promoting, regulating and sustaining our E&P sector?

IHS Consultants can help you:

• Perform geological due diligence in order to market offshore exploration opportunities
• Conduct analysis of your regulatory, legislative, fiscal, and legal regimes covering the E&P business
• Compare international, regional, and national legislation pertaining to the oil and gas industry
• Design and implement a licensing round system
• Establish a dedicated petroleum authority
• Draft laws to establish a national oil company
• Institute sustainable development policies
• Create promotion and marketing strategies

See Case Studies #2 and #3

Client Challenge: How can our company protect its multi-million dollar investments by ensuring we do not run the risk of non-compliance?

IHS Consultants can help you:

• Identify project-applicable legislation and required permits
• Design and implement a sophisticated regulatory compliance management solution
• Perform a comprehensive legal review of all company obligations
• Analyze your investment’s regulatory risk and the consequences of non-compliance
• Audit your permits, licenses, authorizations and certifications

See Case Study #4

Client Challenge: How does our industrial manufacturing firm, which produces multiple products in multiple countries, ensure we are in regulatory compliance in each country while keeping on top of future regulatory changes?

IHS Consultants can help you:

• Identify your regulatory requirements
• Design and implement a sophisticated regulatory compliance management solution by company or product
• Provide continuous updates so that your company conforms to any new regulatory stipulations and is informed about the likely trajectory of regulatory policy, down to the detailed level of standards

See Case Study #5

Client Challenge: How do we establish health and safety guidelines and a safety management system for the construction industry?
IHS Consultants can help you:

• Understand all pertinent technical health and safety issues
• Conduct an onsite assessment of current health and safety practices
• Benchmark national standards against international best practices
• Draft legal and regulatory requirements
• Implement guidelines and management system
• Align various stakeholders on a chosen set of guidelines and management system
• Receive International Organization for Standardization [ISO] accreditation for Health, Safety, and Environmental (HSE) protection

See Case Study #6

Client Challenge: How can a national oil company obtain help with its first major offshore licensing round?

IHS Consultants can help you:

• Draft legal and regulatory documents (e.g. petroleum regulations, health and safety guidelines)
• Train personnel (e.g. economics, negotiation skills, compliance management and enforcement, IHS software)
• Plan and execute a license round
• Analyze and improve your corporate processes
• Manage organizational change and resource development
• Conduct fiscal benchmarking and develop policy
• Perform technical due diligence and support your transactions 

See Case Study #7

IHS Performance Improvement Through In-Depth Data Analysis Case Studies

Case Study #1:Hydrocarbon Sector Benchmark Analysis

Challenge: With over 120 countries competing for E&P opportunities in its country, the Greenland Bureau of Minerals and Petroleum needed assistance setting up fiscal terms that would attract foreign investment but capture maximum receipts for the state.
Solution: IHS Consulting employed a variety of methodologies to determine the top eight competitor countries and compared their fiscal terms using defined criteria to those of Greenland.
Results: As a result of the international benchmarking analysis, IHS recommended fiscal terms for Greenland’s government that guaranteed the maximum government take achievable while providing investors attractive and competitive returns.

Case Study #2:Advertising and Marketing Barbados' Offshore Petroleum Sector

Challenge: The Barbados Ministry of Energy and Environment needed assistance with marketing offshore exploration opportunities, legislating, and regulating the E&P business, capturing subsequent investment opportunities for sustainable development, and preparing a marketing plan.
Solution: IHS Consulting performed a due diligence analysis of Barbados' offshore exploration potential. We also created a license grid and block system, reviewed and suggested amendments to contractual, fiscal and regulatory systems and provided recommendations for both sustainable development and promotion strategies.
Results: Based on our work, the client engaged our assistance on further projects including a licensing round and development of new laws and licensing documents to govern the oil and gas industry.

Case Study #3:Improving Yemen's Licensing Framework

Challenge: The World Bank contracted IHS Consulting to review the organizational capacity, legal framework and fiscal terms governing Yemen's petroleum sector in anticipation of the country's first offshore licensing round.
Solution: IHS reviewed and reported on Yemen's legal framework, the establishmed law and future role for a national oil company, as well as the licensing system and the government department responsible for negotiations.
Results: IHS consultants provided specific legal recommendations and detailed drafting proposals for a model PSA. The Yemen government received IHS support for improving the organization and functioning of both its Ministry of Oil and Minerals legal department and its bidding round system.

Case Study #4:Gaining Competitive Advantage through Regulatory Risk Management

Challenge: To manage regulatory risks associated with multibillion-dollar investments, an oil and gas supermajor company commissioned IHS Consulting to develop a comprehensive compliance management system.
Solution: In collaboration with the client, IHS consultants developed a robust software solution tailored to an end-user’s needs. We populated the system with applicable laws and standards and conducted detailed regulatory analysis to identify critical requirements.
Results: The system has been used and updated by the client as an enterprise-wide application since 1999. End users have reported these key benefits:

• Significant reductions in direct costs
• Operational efficiency improvements
• Effective change management 
• Project schedule adherence
• Receiving the right information at the right time

Case Study #5:Understanding Global Regulatory Effects on Multiple Products

Challenge: A major manufacturer of industrial products was looking for a systematic approach to anticipate changes in the regulatory environment for their critical products in key countries. 
Solution: IHS Consulting reviewed regulatory trends and monitored the legislative drafting process, reporting on applicable forthcoming legislation, as well as on policy developments and initiatives that were relevant to the products of interest. It then devised a system that could deliver updates through a customized information portal that could store the information and distribute it weekly, as mobile alerts to key individuals in the organization.
Results: As a result, the client gained the ability to inform and influence policy and regulations affecting their products before they were instituted, as well as to act on advance warnings of changes that might require re-design or re-positioning of their products.

Case Study #6: Establishing Health and Safety Guidelines and a Safety Management System for Qatar’s Construction Industry

Challenge: Against a backdrop of poor industrial accident statistics, the Government of Qatar commissioned IHS to produce Health and Safety Guidelines and a Safety Management System for its construction industry.
Solution: During the initial phase, IHS consultants benchmarked Qatar’s current health and safety practices against international norms and prepared a series of recommendations concerning the essential elements of best-in-class national standards. We then drafted the guidelines and standards for all aspects of health and safety as they related to the construction industry in parallel with the development of a comprehensive safety management system.
Results: IHS consultants gave a public presentation of the study results and aligned stakeholders on the chosen guidelines and management system. We included recommendations for training personnel.

Case Study #7:Major Project Support for a National Oil Company

Challenge: IHS was commissioned to assist the Angolan government with the execution of a major offshore licensing round and to provide its national oil company with transaction support.
Solution: We provided a wide range of different support services, including:

• Drafting legal and regulatory documents (e.g. petroleum regulations, health and safety guidelines)
• Training (e.g. economics, negotiation skills, compliance management and enforcement, IHS software)
• License round planning and execution
• Corporate process analysis and design
• Organizational change management and resource development
• Fiscal benchmarking and policy development
• Technical due diligence and transaction support