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    Enterprise Risk Management – Oil & Gas

    Transforming Risk Into Business Resilience

    The oil and gas industry is a dynamic sector. Given the volatile commodity costs, business interruptions, and regulatory pressures, organizations are exposed to risks. Enterprise Risk Management (ERM) offers a comprehensive framework to identify, quantify & manage risks to enable organizations to make sound decisions, enhance resilience, and sustain growth.

    Our Tailored ERM Solutions for Oil & Gas

    MBG Enterprise risk management solutions are industry specific and are tailored to the unique challenges of the oil and gas industry. Focussed on the capital-intensive projects, joint ventures, multi-location operations & regulatory compliance.Through our services, businesses will be enabled to convert risk insights into practical measures.

    We provide an expert service in the following areas:

    Strategic Risk Alignment

    Incorporating risk into corporate objectives, investment decisions, and operational planning.

    Operational Risk Assessment

    Assessing health, safety and environmental (HSE), logistics, and production risks.

    Financial & Compliance Risk Management

    Risk mitigation on financial reporting, joint venture accounting and regulatory requirements.

    Risk Appetite & Tolerance Definition

    Establishing thresholds that balance growth ambitions with risk exposure.

    Monitoring & Reporting

    Developing key risk indicators (KRIs), dashboards, and oil and gas-specific reporting templates.

    Our ERM Implementation Process – Oil & Gas

    MBG follows a structured, industry-specific approach to embed Enterprise Risk Management (ERM) into your organization. Each step is structured to respond to practical, actionable, and sustainable risk management in line with your strategic goals.

    1

    Framework Design & Governance

    Define ERM policies, governance structures, roles, and responsibilities, ensuring risk management is embedded into corporate decision-making.

    2

    Risk Identification & Prioritization

    Identify oil and gas strategic, operational, financial and regulatory risk. Furthermore, Prioritize risks based on potential impact and likelihood.

    3

    Risk Assessment Workshops

    Hold joint workshops with the cross-functional teams to assess risks, create ownership and promote a risk-conscious culture within the organization.

    4

    Mitigation & Action Planning

    Ensure that operational and strategic goals are directly linked to targeted strategies to prevent, transfer or minimize identified risks.

    5

    Monitoring & Reporting

    Implement dashboards, key risk indicators (KRIs), and reporting templates to track emerging risks, assess mitigation effectiveness, and support informed decision-making.

    6

    Continuous Improvement

    Regularly review and update ERM practices to adapt to evolving operational, market & regulatory conditions, ensuring long-term resilience.

    Our Expertise in Enterprise Risk Management (ERM) – Oil & Gas

    With extensive experience advising oil and gas companies, MBG helps organizations navigate complex and evolving risk landscapes. We turn uncertainty into actionable insights, enabling leadership to make informed decisions, protect assets, and strengthen operational resilience. By integrating global ERM standards such as COSO with deep regional industry knowledge, we deliver frameworks and strategies that are practical, compliant, and tailored to the unique challenges of the sector.

    What sets MBG apart is our combination of industry-specific insight and integrated risk solutions. We understand the intricacies of oil and gas operations, including production, logistics, joint ventures, and capital-intensive projects. Our end-to-end support covers framework design, risk identification, assessment, mitigation, and ongoing monitoring. Ultimately, we help organizations transform risk intelligence into strategic opportunities, enhancing growth, resilience, and long-term sustainability.

    IMG

    The MBG Advantage

    IMG
    • Oil & Gas Expertise
    • Oil & Gas Expertise: Intensive knowledge of industry specific risk, from exploration to refining.

    • Integrated Advisory
    • Access to legal, compliance, finance and operational risk specialists in-house.

    • Global Standards, Local Knowledge
    • ERM frameworks aligned with COSO, ISO 31000, and UAE regulations.

    • Data-Driven Insights
    • Advanced analytics to identify patterns, anticipate threats, and support strategic decisions.

    • Sustainable Risk Culture
    • Embedding risk awareness across all levels for long-term resilience.

    FAQs – Enterprise Risk Management in Oil & Gas

    What is the relevance of ERM in the oil and gas sector?
    The industry is operationally, financially, and regulatory complex. The ERM ensures that risks are addressed in a systematic manner, and assets, revenue, and trust of stakeholders are safeguarded.
    How does MBG tailor ERM for oil and gas companies?
    Can ERM help in financial and compliance reporting?
    Does MBG support risk monitoring and reporting?
    How does ERM improve strategic decision-making?

    We're here
    To help you.

    Submit your enquiries to MBG Corporate Services. We will respond as soon as possible.

    Call us at: +971 52 640 6240

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