Risk Management for Oil and Gas

Jan | Feb | Mar 2022
5 Days
Online Live | Onsite


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-impacts, 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 organizations today need to give increased prominence to Risk Reduction and Management.


  • • 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


• Experienced Risk Managers & Practitioners requiring a refresher on recent developments
• Internal auditors who seek to fully understand Risk Management & ISO 31000
• Line & Project Managers who want to ensure that they are effectively managing risk
• Operations, Project and Program Managers, Engineers and Supervisors
• Change, Transformation & Organizational Development Managers, Excellence, & Quality Professionals
• All Other Managers


• Objectives & Governance, Concepts & Definitions of Risk & Risk Management
• Risk in Oil & Gas
• Risk Management Frameworks & ISO31000
• The Importance of Commitment, Culture, Communication and Behavior in Seeking an Effective Risk Management Structure
• The Global Business and Risk Environment for Oil & Gas
• Enterprise Risk Management – The Resilient Organization

• Selecting a Risk Management Framework and Process Suitable for Oil & Gas Application
• Defining Risk Management Responsibilities & Accountabilities
• Measuring Risk Management Performance
• Comparing Your Organization’s Risk Management to the ISO 31000 Model & Principles
• Aligning Risk Management with the Organization
• Defining Risk Attitude and Risk Appetite
• Selecting Options for Risk Criteria, Assessment, Identification, Analysis & Evaluation

• Fundamental Principles of Business Continuity Management in Oil & Gas
• Implementation of a BCMS in accordance with ISO 22301 & ISO 27031
• Incident and Emergency Response Management
• Business Impact Analysis (BIA) and Risk Assessment
• The Relationship between BCMS and Compliance with the other Risk Management Requirements
• Planning Implementation of a Business Continuity Management Systems (BCMS)

• Identifying Appropriate Resources and Methodologies to Implement The Risk Management Plan
• Integrating Risk Management into Decision-making
• Typical Barriers to Implementation
• Risk Reporting & Stakeholder Management
• Quantitative Risk Modelling and Qualitative Reporting
• Aligning Risk Reporting with Other Strategic Management Activities, such as Reputation Management
• Learning from Recent Cases of Failure in the Oil & Gas Industry

Day Five: Review and Continuous Improvement of the Framework
• Key Risk Indicators (KRI´s)
• Continually Improving the Risk Management Implementation
• Collating Risk and Control Information into a Central Risk Register / System
• Inventory of Controls (The “Five Ws”)
• Understanding & using Feedback and Taking on Board “lessons learnt”


Mark Steele

Mark is certified trainer with 20+ years of experience in gulf and London. He has trained batches, corporates, individuals and companies from all over the world.

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