With western demand for African oil subsiding, oil revenue is coming under increasing pressure amid declining international prices. African governments are therefore increasingly looking to maximise the short-term returns with legislation and regulation in the sector often playing catch up to oil discoveries.

Local content rules can oblige international oil companies into joint ventures with local firms or to give preference to domestic goods or services. ARC has provided analysis on resource nationalism in specific contexts, and conducted integrity due diligence work for international oil companies in West Africa auditing local partners and senior appointments as part of anti-corruption compliance programmes. This has long- term benefits for oil companies. Financial institutions are imposing greater due diligence on commodity trade financing following a series of international penalties and sanctions.

ARC integrity due diligence can facilitate securing either future financing or exits from investments. The oil and gas sector faces unique security risks with critical infrastructure often in isolated locations. ARC provides international oil companies in East Africa with analysis of long-term security trends as well as continuous monitoring of more immediate threats.

ARC has advised oil companies on security protocols and good community liaison to ensure the safety of staff and infrastructure.

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