Although Oil & Gas companies routinely deal with hundreds of complex contractual relationships across a vastly extended enterprise, minimizing contract risk and increasing contract compliance used to elicit mild interest. But with recent economic and oil price fluctuations, many executives overlook the importance of managing the performance and compliance of their extended business relationships and the associated risks. This Deloitte Insights podcast highlights the importance of this topic.
Highlights:
Why executives should be concerned about and involved in the contractual compliance of their extended enterprise, as well as the risks
The sources of risk and indicators that might suggest an oil and gas company is at risk
The potential implications of not addressing these risks and how an oil and gas company might mitigate their risks
How a contract risk and compliance program can help prepare companies for the new age of oversight
Guests:
Gary Adams, Vice Chairman and U.S. Oil & Gas Leader, Deloitte Consulting LLP
Luis Castro, Contract Risk & Compliance specialist, Deloitte & Touche LLP
Claude Francescott, senior manager, Capital Projects Consulting, Deloitte Financial Advisory Services LLP
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