An Interactive 5-Day Training Course

Risk Management for Oil and Gas

Recognising, Planning & Controlling Risks in Disastrous Circumstances & Uncertain Times

07 - 11 Sep 2026

Dubai

| $5950

07 - 11 Sep 2026

Online

| $3950

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

Key Learning Outcomes

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

Risk Management for Oil and Gas

Who Should Attend?

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

Learning Journey Breakdown

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

Selecting a Risk Management Framework and Process Suitable for Oil & Gas Application
Defining Risk Management Responsibilities & Accountabilities
Measuring Risk Management Performance
Comparing Your Organisation’s Risk Management to the ISO 31000 Model & Principles
Aligning Risk Management with the Organisation
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

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”
Open Forum

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