Kyrgyz Republic

Details

  • Type: Press release
  • Date: 2/10/2014

The KPMG survey on transforming risk management at energy and natural resources companies 

The worldwide survey of senior executives in this industry found that the management of these risks was not advancing as fast as the threats faced, and ENR companies were falling short in a number of important areas.
Energy and natural resources (ENR) companies are challenged by an ever-growing array of threats and opportunities that grow more complex every day. Challenges include: entering more and more remote regions in the world to search for natural resources, often in fragile countries where the state is weak and the environment under threat; labor relations may be fraught with tension in some parts of the world; ever-changing regulatory and compliance pressures; financial and production risks; and public opinion is often hostile to ENR companies. However, technology is creating immense opportunities to develop oil and gas fields, in previously unconquerable areas.