Risk Management & Strategic Decision Making in the Oil & Gas Industry  

 

Marriott Westchase, Houston, USA

November 24 -28, 2015

9.00 am – 5.00 pm Daily

 

 

Course Overview:

Managing risks and taking decisions are vital functions of management. The survival, productivity and profitability of an organization depend on how well managers were able to manage risk and make sound decisions.

Companies in oil and gas industry/allied sectors are faced with vagaries of risks depending on the nature of their operations. However, risk management and decision making are not inseparable in management especially in high performance organizations. Companies at any given time are faced with various risks be it natural, man - made or operational.

 This course is designed first to give participants comprehensive knowledge of risk management and decision making in the E & P processes of the oil industry.  Participants are expected to understand what risk means, evaluate risk, apply risk, manage risk and make decisions.

 

Who Should Attend:

• E&P managers, Finance Managers and Personnel

• Asset Manager, Engineering Managers/Supervisors

• Commercial Managers, Finance/Investment Managers

• Regulatory Managers, Lawyers, Contract Managers

• Geologists, Engineers

• Strategic and economic planning personnel

 

Course Outline:

• Introduction to the oil and gas industry

• Global trends and future of the oil and gas industry

• Understanding risk, evaluate risk and manage risk

• Hazard Identification & Evaluation (HAZID, HAZOP)

• Quantitative risk analysis ( man – made, natural hazard)

• Understand project phases in exploration and production

• Defining and understanding risk in the oil and gas industry

•  Legal Service Contract Risk

• The impact of geopolitics on  exploration, production and trading of oil and gas

• Security threat

•  Hazards and risk analysis

• Identify risks and develop risk mitigation strategies

• Corporation and Financial risk

•  Human capital risk,  Project risk

• Catastrophic evacuation modeling and planning

• Operations management and decision making

• Application of decision making and risk analysis

• Decision Making Tree 

• Information concepts, sensitivity analysis

•  Monte Carlo Simulations in E & P

• Finance and investment analysis

• Evaluating E & P investments & Risk

 

 

 

 

 

 

                                                    USA Contact:
 

                                                                                               Lydia Lawrence
                                                                                             Tel: +(713) 271 7778
                                                                                   Email: Events@energycorporateafrica.com
                                                                       www.energycorporateafrica.com, www.seolsuccess.com

 

           

                                                                   Registration  Contact - Africa:

                                 
                                                                   Tel: 011234 (080) 996 34064, 011234 (080) 23241280
                                                         Email: kunle@legendandlegacy.net, kunlestevenson@yahoo.com
                                                                                  www.legendandlegacy.net