Training for the Future


Effective Project and Risk Management and Stakeholder engagement in the Oil and Gas Industry

Course Code: EPRMS

Dates: 11 Mar - 15 Mar | 17 Jun - 21 Jun | 9 Sep - 13 Sep | 11 Nov - 15 Nov

Price: £3250 Plus VAT

Duration: 1 Week /s

Course Objective
This training seminar will take delegates through a real-life Oil & Gas project as a case-study, working with the case-study to develop and evaluate using industry best-practice tools. This method will provide a real insight into the challenges, and strengths that a positive Risk Management process can provide in such an uncertain industry.

Who Should Attend
This training seminar is suitable to a wide range of professionals but will greatly benefit anyone working on, interfacing with, or providing governance with respect to oil and gas projects:


Course Overview


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
    Responsibilities and Identifying Risks

  • Key risk management roles and responsibilities?

  • Good practices adopted in oil and gas organisations?

  • Alternative techniques based on team dynamic

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

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

  • Organisational / Business impact versus Safety / Environmental impact

  • Tools and techniques for risk analysis

  • Sensitivity and Expected monetary value analysis?
    Planning Risk Responses and Implementing Risk Responses

  • Risk prioritisation
  • ?
  • Risk response strategies
  • ?
  • Action plan formulation


  • Learning Goal
    At the end of this training seminar, participants will:
  • Develop key risk management competencies such as developing an appropriate risk process for an organisation in the oil & gas Industry

  • Understand the key roles, responsibilities and activities associated with project risk management

  • Understand the crucial challenges and lessons learned associated with oil and gas project risk management


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