The international petroleum sector is highly exposed to financial risks associated with failure to ensure regulatory compliance. Specifically, a lack of understanding of local regulatory obligations during any operational phase may have significant budgetary and project schedule impacts. To guard against these risks, IHS has developed a database of key regulatory obligations and consulting services to help your company minimise its exposure to financial risk.
Regulatory Analysis - Regulatory compliance management database (RCMD)
RCMD are electronic relational databases, delivered via the internet or CD-ROM that provides instant access to information on regulatory requirements relevant to operations in a particular jurisdiction. The flexibility of the RCMD concept enables the Regulatory Services Group to develop customised systems to meet the specific needs of each client. These databases range in coverage from single regulatory issues governing a specific phase of operations to all project-relevant requirements in a particular jurisdiction.