IPIECA is governed by a General Committee of the senior representatives from all IPIECA member companies. It meets once a year at the Annual General Meeting to set the strategic direction, policies and budget  for IPIECA.

The General Committee is supported by an Executive Committee, which meets three times a year and coordinates and prioritises activities according to the policies and guidelines laid down by the General Committee.

IPIECA's Executive Committee:

Through its member-led working groups and executive leadership, IPIECA brings together the collective knowledge and expertise of oil and gas companies and associations. The working groups draw on the skills and experience of our international membership and operate with support from a secretariat.

IPIECA currently has working groups in the following areas: biodiversity; climate change; health; oil spill preparedness; operations and fuels; reporting; social responsibility, and water.

Corporate members contribute to the annual budget according to an individually agreed percentage based on the volume of oil and gas produced and petroleum products sold and the number of geographical areas where the company has interests. Association memberships are free.