This advanced 5 days programme provides professionals with a rigorous, practice-oriented grounding in Risk Assessment & Risk Management for Oil & Gas Projects. Designed for those working across the Risk Management sector, the course combines established theoretical frameworks with current industry practice through expert-led instruction, structured case studies, and hands-on workshops.
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About this programme
This advanced 5 days programme provides professionals with a rigorous, practice-oriented grounding in Risk Assessment & Risk Management for Oil & Gas Projects. Designed for those working across the Risk Management sector, the course combines established theoretical frameworks with current industry practice through expert-led instruction, structured case studies, and hands-on workshops.
Participants will engage with the most relevant tools, standards, and methodologies used in Risk Management today. By the final day, delegates will leave with a clear personal action plan and the confidence to apply their learning immediately, contributing to improved performance, compliance, and competitive advantage within their organisations.
Equip professionals with the knowledge, skills, and frameworks required to excel in Risk Assessment & Risk Management for Oil & Gas Projects, driving measurable improvement in Risk Management performance and delivering tangible value to their organisations.
11 key learning outcomes
Apply enterprise risk management (ERM) frameworks including ISO 31000, COSO, and industry-specific standards
Conduct structured risk identification using HAZID, SWIFT, and bow-tie analysis techniques
Quantify risk likelihood and consequence using qualitative, semi-quantitative, and quantitative methods
Design and evaluate risk treatment measures including controls, contingency, and risk transfer
Integrate risk management into project, operational, and strategic decision-making processes
Build and maintain risk registers, heat maps, and risk reporting frameworks for different audiences
Apply operational risk management techniques to identify and mitigate process and people failure modes
Evaluate corporate governance and compliance frameworks for managing regulatory and legal risk
Assess and manage energy sector-specific risks: commodity, geopolitical, cyber, and environmental
Apply lessons learned from major industry incidents to improve organisational risk culture and controls
Lead risk workshops and facilitate structured risk identification and evaluation processes
5 training days · 15 modules · hands-on workshops
Establish the principles, frameworks, and vocabulary of enterprise risk management.
Risk identification workshop: teams facilitate a bow-tie analysis for a provided operational scenario, identifying threats, consequences, preventive barriers, and recovery barriers.
Apply qualitative and quantitative risk assessment methods to evaluate risk significance.
Risk quantification exercise: teams build a simplified fault tree for a provided loss of containment scenario, calculate the top event frequency, and compare to the risk acceptance criterion.
Design and evaluate risk treatment strategies and verify the effectiveness of controls.
Controls assurance exercise: teams assess the design and operating effectiveness of a provided set of controls for a critical risk, identifying gaps and recommending improvements.
Apply risk management to operational processes and capital project delivery.
Project risk workshop: teams conduct a risk assessment for a provided capital project, build a risk register with ranked risks, and develop response plans for the top five threats.
Report risk effectively, manage cyber risk, and integrate risk into strategic planning.
Capstone risk report: teams produce an executive risk report for a provided organisation, including a heat map, top five risks with treatments, KRI dashboard, and emerging risk commentary.
This programme is designed for professionals across these roles
Professionals responsible for enterprise, operational, or project risk management programmes
Auditors assessing the design and effectiveness of risk and control frameworks
Technical professionals responsible for process safety, integrity, and operational risk
Executives and business unit leaders who set risk appetite and make risk-informed strategic decisions
Professionals managing capital projects and needing to integrate risk into delivery frameworks
Commercial teams assessing financial, counterparty, and commodity risk in energy transactions
Upcoming public dates — enrol anytime
This course carries internationally recognised professional credits
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Speak with our training advisors to confirm availability, group rates, and customised in-house options.