All bases covered
In 1997, Norwegian energy firm Statoil implemented an enterprise-wide risk management system with the help of Goldman Sachs. Eight years on, few energy companies can rival its approach. Joe Marsh discovers why
Statoil, Norway’s largest oil company, has been developing its EWRM programmefor almost a decade, and the result is a system more advanced in sophisticationand scope than is generally seen in the energy industry, and which has been crucialto the company’s strategic decision-making process since it was implemented.
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