Risk Management for Oil and Gas

Introduction

This Risk Management for Oil & Gas training course focuses on the issues and imperatives in managing risks in the Oil & Gas industry. The Oil & Gas industry is inherently risky, and in order for any organization to succeed in today’s fast paced, globally interlinked Oil & Gas industry environment, the ability to proactively identify, assess and reduce risk and uncertainty is essential, but is not always managed effectively. Unfortunately, in recent years, the industry has seen many high-impact, but avoidable, incidents that, as well as representing high cost and loss of life have a major impact on reputation. It is apparent that all responsible organisations today need to give increased prominence to Risk Reduction and Management. 

This training course provides both a structured approach to managing risks efficiently and effectively, and the opportunity to study the management lessons that can be learnt from Oil and Gas industry experiences. Case studies are used to highlight key issues and learning points.

This GLOMACS training course will highlight:

• The special nature of nature of Risks in Oil & Gas
• Evaluating Risk Management frameworks and practices
• The use of ISO 31000 in Oil & Gas
• The impact of leadership, decision-making, planning, operations, administration, infrastructure and external geo-political issues
• Immediate actions to reduce risk efficiently & effectively

Objectives

By the end of this training course, you will learn to: 

• Understand the role of Risk Management in contributing to performance and competitiveness in Oil & Gas
• Appreciate the lessons of the past from the industry and apply a precautionary approach
• Evaluate & select appropriate concepts, approaches, international standards, methods and techniques for the effective implementation of Risk Management
• Assess current Oil & Gas Risk Management practice & develop mechanisms to support application across the organization 
• Guide organizational deployment

Training Methodology

Participants to this training course will receive a thorough training on the subjects covered by the training course outline with the Tutor utilising a variety of proven adult learning teaching and facilitation techniques. This includes a fast-paced, highly participative event incorporating case studies, current affairs with group work so you can immediately put what you’ve learned into practice

Organisational Impact

Oil & Gas industry organisations today need to focus on Risk. They need to: 

• Develop a greater understanding of the role of Risk Management within Oil & Gas and their own organization
• Learn from industry experiences
• Educate and engage their employees in Risk Management
• Develop an organization wide emphasis and culture of managing risk
• Develop the competencies of their people
• Establish a standard corporate approach to managing risk

Personal Impact

Delegates will develop their risk management skills by attending the training course. They will: 

• Master the concepts, approaches, standards, methods and techniques for the effective implementation of Risk management
• Understand a practical framework for the implementation of Risk management in Oil & Gas
• Develop the necessary leadership skills enabling you to communicate your Risk Management findings to all levels & stakeholders
• Appreciate the importance of risk management & reduction and of developing an appropriate risk reduction culture
• Be able to apply appropriate Risk Management approaches & understand and apply ISO31000
• Develop specific practical Risk analysis and improvement skills