Data
Driving Industry Growth
Tech
For action in ministries
People
Benifiting every day
Design
Award Winning Developers
Monitoring of compliance to
contractual obligations and
adherence to contractual terms
and provisions.
Oil & gas ministries may not always have the resources and processes needed to effectively manage their contracts with petroleum companies, which can ultimately lead to the government not realising the full social and economic benefits of their petroleum resources.
Oil & gas ministries need to ensure that petroleum companies are honouring contractual obligations related to their work programs, budget and investment commitments, tendering, local development, payments and the appropriate handling of other milestones related to the exploration and production lifecycle
NPMS Capability
NPMS is configured to understand a ministry’s petroleum contracts and provides both the ministry and petroleum companies with advance notice of upcoming obligations to be fulfilled, reminders, and a notice of non-compliance in case the requirement has not been fulfilled by due date.
NPMS also supports the management of other contracts a ministry may have, such as with infrastructure or downstream contractors. In addition, the technology encourages self-regulation and allows stakeholders to meettheir contractual obligations online, enhancing the ministry’s ability to monitor and address contractual compliance issues, and providing a solid legalfoundation in case of dispute.
Case Study
Ministry of Natural Resources,
Kurdistan Regional Government-Iraq
The Ministry of Natural Resources of the Kurdistan Regional Government is a government body responsible for the exploration, extraction, utilisation and protection of natural resources in the autonomous Kurdistan Region of Iraq.
View full case study
NPMS in Use
2016-present
Commercial Model
Revenue Sharing
