An emerging sweet spot for the oil and gas industry, Africa is accelerating exploration and production developments in both its onshore and offshore sectors. National oil corporations are partnering with industry heavyweights from around the globe to rebuild infrastructure in the world's second largest continent. Vast oil and gas reserves are harnessed within Africa's respective countries, as well as the surrounding waters of the Mediterranean Sea to the north, the Suez Canal and Red Sea to the northeast, the Indian Ocean to the southeast and the Atlantic Sea to the west.
Regulatory Compliance deals with the required permits, licenses and compliance to guidelines and legislation associated with oil and gas projects and operations. It is the regulation that a company must adhere to in order to meet certain requirements imposed by guidelines or laws.