Risk Management in the Supply Chain for the Oil, Gas & Petrochemicals Industry

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


The oil and gas industry is subject to a wide range of risks. These range from external factors impacting on demand such as the world economy, and the rise of competing technologies, to internal risks such as environmental compliance and project over run, back down to the risks associated with suppliers such as availability, quality and pricing of goods and services


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

• Provide an understanding of how risk arises along the supply chain
• Use different methods of identifying and assessing risk
• Review the impacts of different approaches to risk allocation
• Implement different Contract types to transfer risks
• Continually review risk management techniques during the life of a contract


This training course is suitable to a wide range of professionals but will greatly benefit:

• Supply Chain Professionals
• Contracts, Tendering, Purchasing, Procurement, and Project personnel
• Contract Administration, Engineering, Operational, and Maintenance personnel
• Risk, Claims, Financial, and Audit personnel
• And all others who are involved in the planning, evaluation, preparation and management of tenders, specifications, awards, and contracts that cover the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities


• Defining the Supply Chain
• Segmenting the Oil & Gas Supply chain and Procurement
• Defining Risk in process industries
• Risk Assessment Process
• Proportionality of control

• Nature of contracts
• Stakeholders in Risk
• Risk management tools
• Relationships and risk ownership
• Insurance

• Types of Contracts
• Indemnities
• Insurance
• Contract breach
• Contractual Remedies

• Ethics and Fraud
• Financial and Economics risks
• Political and international risk
• Environmental risks arising from the oil and gas supply chain
• Labour disputes and other personnel risks

• Risk registers
• Force Majeure
• Disaster Recovery
• Action planning
• Case Studies


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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