Risk Assessment and Management for Oil & Gas Projects

  • Course Code
    HSEM-015

Risk Assessment and Management for Oil & Gas Projects

  • To increase pressure to deliver projects on time, within budget and with the agreed components, the need to identify, manage and control the project-based risks becomes central to success. Project Managers need to use tried and accepted techniques for managing identified risks and have access to practical strategies for dealing with issues as they emerge. Using a mixture of presentations, discussions and practical exercises related to the Oil and Gas industry.

Learning Outcomes

    • Use practical steps and processes to manage project risk
    • Identify threats, opportunities and weigh their relative value in a project
    • Control multiple risks using limited strategies
    • Overcome psychological barriers to risk in stakeholders & team members
    • Evaluate risk assessment 
    • Evaluate risk management during the project closure phase of the project

Course Contents

    Introduction to Organizational Risk

    • Pro’s and con’s of risk management
    • Practical experience with risk assessment & risk management in various industries
    • Risk Management throughout a project life cycle
    • Methods to increase company-wide awareness, understanding & senior level support
    • Risk Management at various levels of an organization
    • Business risks vs technical risks vs implementation risks

    The Risk Management Process Wheel & Identifying risk

    • Proactive Risk Management Process
    • The risk management process wheel
    • The risk registers
    • Risk Management Planning
    • Risk Identification
    • Risk Identification tools & Techniques

    Risk Analysis

    • Qualitative risk analysis
    • High Reliability Organizations (HROs)
    • The risk matrix
    • Decision Making Grid (DMG)
    • Quantitative Risk Analysis (QRA)
    • Fault Tree Analysis (FTA) and Reliability Block Diagrams (RBD)

    Risk Responses & Managing Risks

    • Risk Response planning
    • Building a Risk Management Plan
    • Calculating risk management budget
    • Monitoring & Reviewing
    • Opportunity Assessment
    • Project Execution Risk Assessment

    Reporting Risk Management Outcome

    • What makes a bad report?
    • What makes a good report?
    • Creating an oil & gas risk questionnaire
    • Risk evaluation
    • Risk evaluation report

Our Methodology

    • Make coaching and monitoring innovative and using modern
    • Media training also using on the go training by using interactive means and focusing on
    • The exercises, practical applications and real situations study
    • Live delivery method, instructor-led training
    • Experienced consultant, trainers, and professional
    • Qualified trainer with high-level experience

Attendance Reports

    • Send daily attendance reports to training departments
    • Send full attendance report to training dep. by the end of the course
    • Attend 100 % from the course days also provide daily
    • Issue attendance certificate for participant who attend minimum 80% from the course duration

Pre/Post Reports

    • Pre- assessment before starting training
    • Post assessment after finish training
    • Full report for the deferent between Pre-& Post assessment

Who Should Attend

    • Project Management Team members
    • Operations Managers
    • Project Managers
    • Oil and Gas Enterprise Architects
    • Maintenance Managers
    • Maintenance Engineers
    • Technical Managers and Supervisors
    • Consultants in Project, 
    • Asset, Maintenance and Risk Management Managers
Date City Venue Language Price Status Register
26 Jan 30 Jan - 2025 Al Khobar 5 Stars Hotel English SAR 12750 Planned Register
13 Apr 17 Apr - 2025 Al Khobar 5 Stars Hotel English SAR 12750 Planned Register
18 May 22 May - 2025 Al Khobar 5 Stars Hotel English SAR 12750 Planned Register
22 Jun 26 Jun - 2025 Dubai 5 Stars Hotel English SAR 14500 Planned Register
22 Jun 26 Jun - 2025 Cairo 5 Stars Hotel English SAR 14500 Planned Register
13 Jul 17 Jul - 2025 Al Khobar 5 Stars Hotel English SAR 12750 Planned Register
21 Sep 25 Sep - 2025 Al Khobar 5 Stars Hotel English SAR 12750 Planned Register
12 Oct 16 Oct - 2025 Cairo 5 Stars Hotel English SAR 14500 Planned Register
12 Oct 16 Oct - 2025 Dubai 5 Stars Hotel English SAR 14500 Planned Register
02 Nov 06 Nov - 2025 Al Khobar 5 Stars Hotel English SAR 12750 Planned Register