Up to 70% of earnings can be at risk from political factors according to a 2014 McKinsey study. Political risks such as governments imposing new taxes, sudden changes in government policy, popular opposition to oil and gas projects, civil unrest or other political priorities distracting from key decisions on energy policy can all lead to delays and undermine the economics of oil and gas projects. 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.
This Oxford Management Centre training course provides participants with a thorough understanding of the assessment and management of political risks in the oil and gas sector. Oil and gas sectors are bombarded with information and analysis on political factors from governments, community groups, experts, media, social media and their own network of contacts.
This course shows you how to identify what will really have an impact on your business and what you can do about it. The course provides tools to identify and analyse political risks and the specific implications for your project or business. It also provides strategies and tactics for managing political risk and creating win-win solutions.