Managing Political Risk in the Oil & Gas Sector

Introduction

The oil and gas sector faces a range of political risks at all stages of the business cycle.  Strategic management of these risks can mean the difference between success and failure of a project and can make a material difference to the value realized. A 2014 McKinsey study suggested that up to 70% of earnings can be at risk from these types of risks. 

This GLOMACS training course on Managing Political Risk for the Oil & Gas Sector will provide participants with a thorough understanding of the assessment and management of political risk in the oil and gas sector.  This GLOMACS training course will provide tools to identify and analyse political risks and the specific implications for your project or business. It will also provide strategies and tactics for managing political risk and creating win-win solutions.    

This GLOMACS training course will highlight:

• Sources of Political Risk
• The role of different political actors
• Assessment strategies and tools
• Approaches to political risk management
• Successful Political Risk management strategies and tactics
• Use of scenarios to anticipate and manage Political Risk
• Collaboration with other functions to manage Political Risk