Project Risk Management in the Oil and Gas Industry

Course Info

Length: 1 Week

Type: In Classroom

Available Dates

Venue

  • Oct-14-2024

    Singapore

  • Oct-14-2024

    Paris

  • Oct-21-2024

    London

  • Oct-21-2024

    Barcelona

  • Oct-21-2024

    Dubai

  • Oct-28-2024

    London

  • Oct-28-2024

    Amsterdam

  • Nov-04-2024

    Kuala Lumpur

  • Nov-04-2024

    Istanbul

  • Nov-11-2024

    Singapore

  • Nov-11-2024

    Paris

  • Nov-18-2024

    Dubai

  • Nov-18-2024

    Barcelona

  • Nov-25-2024

    Amsterdam

  • Nov-25-2024

    London

  • Dec-02-2024

    Istanbul

  • Dec-02-2024

    Kuala Lumpur

  • Dec-09-2024

    Singapore

  • Dec-09-2024

    Paris

  • Dec-16-2024

    Barcelona

  • Dec-16-2024

    Dubai

  • Dec-23-2024

    Amsterdam

  • Dec-30-2024

    London

  • Jan-06-2025

    Paris

  • Jan-06-2025

    Singapore

  • Jan-20-2025

    Dubai

  • Jan-20-2025

    Barcelona

  • Jan-27-2025

    Istanbul

  • Jan-27-2025

    Kuala Lumpur

  • Feb-03-2025

    Singapore

  • Feb-03-2025

    Paris

  • Feb-17-2025

    Dubai

  • Feb-17-2025

    Barcelona

  • Feb-24-2025

    Kuala Lumpur

  • Feb-24-2025

    Istanbul

  • Mar-03-2025

    Singapore

  • Mar-03-2025

    Paris

  • Mar-17-2025

    Barcelona

  • Mar-17-2025

    Dubai

  • Mar-24-2025

    Istanbul

  • Mar-24-2025

    Kuala Lumpur

  • Apr-07-2025

    Singapore

  • Apr-07-2025

    Paris

  • Apr-21-2025

    Dubai

  • Apr-21-2025

    Barcelona

  • Apr-28-2025

    Istanbul

  • Apr-28-2025

    Kuala Lumpur

  • May-05-2025

    Singapore

  • May-05-2025

    Paris

  • May-19-2025

    Barcelona

  • May-19-2025

    Dubai

  • May-26-2025

    Istanbul

  • May-26-2025

    Kuala Lumpur

  • June-02-2025

    Paris

  • June-02-2025

    Singapore

  • June-16-2025

    Barcelona

  • June-16-2025

    Dubai

  • June-23-2025

    Kuala Lumpur

  • June-30-2025

    Istanbul

  • June-30-2025

    Singapore

  • June-30-2025

    Paris

  • July-07-2025

    Paris

  • July-07-2025

    Singapore

  • July-21-2025

    Barcelona

  • July-21-2025

    Dubai

  • July-28-2025

    Istanbul

  • July-28-2025

    Kuala Lumpur

  • Aug-04-2025

    Singapore

  • Aug-04-2025

    Paris

  • Aug-18-2025

    Dubai

  • Aug-18-2025

    Barcelona

  • Aug-25-2025

    Istanbul

  • Aug-25-2025

    Kuala Lumpur

  • Sep-01-2025

    Singapore

  • Sep-01-2025

    Paris

  • Sep-08-2025

    London

  • Sep-08-2025

    Amsterdam

  • Sep-15-2025

    Barcelona

  • Sep-15-2025

    Dubai

  • Sep-22-2025

    Kuala Lumpur

  • Sep-22-2025

    Amsterdam

  • Sep-22-2025

    London

  • Sep-29-2025

    Singapore

  • Sep-29-2025

    Paris

  • Sep-29-2025

    Istanbul

  • Oct-06-2025

    Paris

  • Oct-06-2025

    Singapore

  • Oct-13-2025

    Amsterdam

  • Oct-13-2025

    London

  • Oct-20-2025

    Barcelona

  • Oct-20-2025

    Dubai

  • Oct-27-2025

    Kuala Lumpur

  • Oct-27-2025

    Istanbul

  • Nov-03-2025

    Singapore

  • Nov-03-2025

    Paris

  • Nov-10-2025

    Amsterdam

  • Nov-10-2025

    London

  • Nov-17-2025

    Barcelona

  • Nov-17-2025

    Dubai

  • Nov-24-2025

    Kuala Lumpur

  • Nov-24-2025

    Istanbul

  • Dec-01-2025

    Paris

  • Dec-01-2025

    Singapore

  • Dec-08-2025

    Amsterdam

  • Dec-08-2025

    London

  • Dec-15-2025

    Barcelona

  • Dec-15-2025

    Dubai

  • Dec-22-2025

    Kuala Lumpur

  • Dec-29-2025

    Paris

  • Dec-29-2025

    Singapore

  • Dec-29-2025

    Istanbul

Course Details

Course Outline

5 days course

 

Fundamental Project Risk Management Concepts
 
  • What is risk?
  • What is different about project risk in the Oil and Gas Industry?
  • The dual nature of risk: – threats and opportunities.
  • Business, operational and project risk.
  • Introducing the risk management process.
  • Planning risk management.

 

Roles & Responsibilities and Identifying Risks
 
  • Key risk management roles and responsibilities
  • Good practices adopted in oil and gas organisations
  • Alternative approaches – which is right for your organisation?
  • Risk identification

                - Oil and Gas Industry specific techniques
                - Overview of MAR, LOPA, HAZID HAZOP
                - The ‘Bow Tie’ methodology

  • Alternative techniques based on team dynamic

                - Sabotage teams

  • Categorisation and the use of Risk Breakdown Structure (RBS)

 

Risk Analysis Techniques

 

  • Alternative Risk Analysis assessment formats & recommended practices in the oil & gas industry

                      - Differences between Qualitative, Semi-Quantitative and Quantitative

  • Assessing Impact
  • Organisational / Business impact versus Safety / Environmental impact
  • Tools and techniques for risk analysis

                   - Sensitivity Analysis

                  -  Expected monetary value analysis

  • – Further factors to consider – the people side of risk

                - Perception, past experience and mental outlook

  • External factors – regulator activities & the effect of catastrophic incidents in the 
industry
  • An overview of Modelling and Monte Carlo simulations
  • Risk Analysis outputs

 

Planning Risk Responses and Implementing Risk Responses
 
  • Risk prioritisation
  • Risk response strategies
  • Action plan formulation / evaluation
  • Appropriate approval / endorsement of action plans
  • Implementing and monitoring
  • Earned value management
  • Reserve Analysis
  • Implementing response plans – good practices)

 

 

Reporting and Communicating Risk, Extracting Lessons & Lessons Learned
 
  • Risk reporting
  • Escalating risks
  • Embedding the risk management process
  • How to identify and feedback lessons learned

                 - Key risk management lessons from the oil and gas industry and megaprojects in particular
                 - Applying the lessons and how to implement in an organisation

Course Video