Northarm Advisory Services

Risk Management NorthArm develops solutions so that the value of risk management far outweighs the costs. This approach enables organizations to reduce overall enterprise risk and improve their resiliency to risk events. Leverage North Arm’s experience to add value to your organization; minimize exposure and realize a return on investment for your risk management program. The most resilient organizations embrace uncertainty.The next crisis that could threaten your organization may already be taking shape, putting your reputation and business at risk. NorthArm will help you prevent crises from occurring by identifying such risks and implementing preventative measures. Further, a NorthArm designed risk management system will help you to be prepared for a crisis should it materialize, allowing the organization to respond swiftly, appropriately, and to come out strong. A structured approach to risk management by capturing information such as loss events, key risk indicators (KRIs), assessment responses, and scenario analysis data in a flexible and connected way, allows you to analyze and communicate risk data effectively to operate incident free. NorthArm would enable you to implement an Enterprise Risk Management (ERM) framework in line with ISO so that the enterprise can operate incident free. Joint Venture Arrangements The most prevalent form of investment in the upstream oil and gas industry is through the use of unincorporated joint ventures, involving two or more participant companies. This enables a sharing of risk for a prospect or project as well as enabling a company to participate in more projects than it would be able to if it only invested as a sole party. A number of agreements and arrangements constitute a joint venture, with the joint operating agreement being the main governing agreement. The JOA also has a number of ancillary agreements for particular aspects of the joint venture, such as shipping arrangements.