Globally, the challenges of the oil and gas industry are unique due to the nature of its operations that is full of risks.\nIssues like volatile market prices, health and safety, environmental performance and high cost of production are\naffecting the operational performance of the sector. These problems if left unchecked could change the level of\nproduction and revenue generation to the Malaysian government and would as well influence the countryâ??s regional\nposition in oil and gas production. As a result, many oil and gas firms including PETRONAS adopted operational excellence\nstrategy, but some of the challenges kept re-occurring. It is against this circumstance that this research is aimed\nat determining the effect of enterprise risk management determinants on operational excellence in the Malaysian oil\nand gas industry. It is also aimed at exploring the mediating effect of enterprise risk management implementation\non such a relationship. The article used a conceptual approach where journal articles, conference papers, professional\nreports, thesis and term papers were reviewed. Conceptual and theoretical frameworks were proposed in this paper,\nand literature was reviewed to lay a foundation for empirical research that would establish the relationship between\nthe postulated variables in the study. Dimensions and measurement of the variables in the current study were drawn\nfrom earlier researches and recommendations. However, data were not collected, and a result of the analysis was not\npresented in the paper.
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