Location
Kuwait
Employment type
Resident
Department
BHDC
About the role
Expertise: Consultancy Level
Job Summary
The Regulatory Compliance Specialist will lead & provide expert guidance on
regulatory compliance for KOC’s partnerships & contracts with International
Operating Companies (IOCs), ensuring strict adherence to local, regional &
international Oil & Gas regulations. This role involves assessing regulatory risks,
offering solutions to compliance issues, & ensuring that partnership structures for
partnership agreements align with KOC’s policies & legal frameworks.
The Specialist will support the entire partnership evaluation, tendering, & negotiation
process from a regulatory perspective, ensuring KOC meets all compliance
obligations. This includes providing critical input to draft & finalise regulatory Terms &
Conditions (T&Cs), ensuring they reflect the highest standards of regulatory
compliance.
In addition to managing compliance throughout the partnership lifecycle, the
Specialist will develop & maintain KOC’s regulatory library to provide standardised
regulatory guidance for current & future partnerships. A key part of the role will also
involve coaching & mentoring staff to strengthen their understanding & capabilities in
regulatory compliance.
Role & Responsibilities
Participate & coordinate the creation of regulatory frameworks for partnerships &
provide regulatory advice to support in creating favorable partnership conditions.
Coordinate with State bodies & institutions on all matters related to the
establishment & update of regulatory frameworks.
Advise on regulatory compliance matters relevant to partnership policies &
contractual regulations during the review of shortlisted O&G assets.
Assess potential regulatory impacts for each shortlisted O&G asset to aid in
selecting the most compliant & feasible partnership option with an International
Operating Company
Provide inputs for the draft regulatory terms & conditions (T&Cs) to ensure proposed
partnerships align with KOC’s policies & applicable regional regulations.
Consult on regulatory considerations for different business models (e.g., Joint
Venture or Production Sharing Agreement) to guide KOC in selecting compliant
partnership structures.
Provide inputs on tender documentation to ensure all regulatory standards are
addressed before issuing to potential partners.
Advise on regulatory aspects throughout the tender negotiation process with
shortlisted partners to uphold KOC’s compliance standards.
Evaluate regulatory alignment of potential partners to assist in selecting the most
compliant & suitable partner.
Ensure T&Cs meet regulatory standards before finalizing the contract award to
maintain full compliance with all relevant guidelines.
Develop KOC’s regulatory library for partnerships to provide accessible,
standardised regulatory guidance for ongoing & future partnerships.
Conduct reputational due diligence on potential partners, assessing their
compliance history, regulatory standing, & alignment with KOC’s standards & goals.
Provide compliance guidance on all partnership activities during joint operations to
ensure adherence to regulatory obligations.
Review compliance reports generated by partners & internal stakeholders, offering
insights on any regulatory concerns or areas for improvement.
Advise on T&C updates as needed during contract amendments, renewal, or
relinquishment to ensure ongoing regulatory compliance.
Provide regulatory advisory support related to contract renewals, assisting KOC in
evaluating potential contract extensions or modifications for compliance.
Coordinate & manage third party companies to audit & assure partnership
adherence to regulations.
Requirements
Knowledge & Experience
Educational Qualifications:
Essential: Bachelor's degree in Law, Political Science, International Relations, or
Public Policy,
Preferred: Master’s degree in Law, Public Policy, Energy Law, Regulatory Affairs, or
Business Administration with a focus on energy sector regulation.
Professional Experience:
Minimum 15 years of experience in regulatory compliance, contract management,
or legal advisory within the Oil & Gas Exploration & Production (E&P) industry
Strong knowledge of Oil & Gas laws, regulations, & international compliance
standards, especially for different Oil & Gas partnership agreements.
Experience in drafting, reviewing, & advising on the regulatory & contractual terms
& conditions (T&Cs) of Oil & Gas partnership agreements.
Additional Requirements
Proven expertise in Oil & Gas regulatory frameworks at local, regional &
international levels, with a strong understanding of various Oil & Gas partnership
agreements.
Demonstrated experience in legal & compliance considerations during tendering
processes & contract negotiations.
Extensive expertise in assessing regulatory risks related to Oil & Gas partnerships,
partnership operations, & contract terms, with the ability to proactively identify &
mitigate compliance challenges.
Solid understanding of contract law & the legal implications of regulatory
compliance, particularly regarding drafting & negotiating Terms & Conditions (T&Cs)
for Oil & Gas contracts.