An Interactive 5-Day Training Course
Risk Management for Oil and Gas
Recognising, Planning & Controlling Risks in Disastrous
Circumstances & Uncertain Times
Course Overview
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
Training Outline
DAY 1: Risk and Risk Management in Oil & Gas
- 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
DAY 2: Designing Your Organisational Framework for Managing Risk
- 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
DAY 3: Business Continuity Management Systems (BCMS)
- 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)
DAY 4: Effectively Implementing Risk Management in Oil & Gas
- 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 5: 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”
- Open Forum
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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