Global Learning for Operational Leaders
Classroom
14 sessions
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Online / Live
14 sessions
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Introduction
Course overview
Oil and gas companies face an unusual concentration of risks: price volatility, geopolitical exposure, major accident hazards, project overruns, regulatory change and the energy transition. Managing these risks in an integrated way is essential for resilience and value.
This Aractech course applies enterprise risk management to oil and gas organisations, covering risk frameworks, risk appetite, identification and assessment of strategic, operational, financial and transition risks, scenario analysis, risk treatment, key risk indicators and reporting to boards. Participants develop a risk register and reporting approach for their organisation.
Industry case studies illustrate how leading companies manage risk across the value chain.
What you will achieve
Learning objectives
- Apply ERM frameworks in an oil and gas context
- Define risk appetite and tolerances
- Identify and assess strategic, operational and financial risks
- Use scenario analysis for price and transition risks
- Develop risk treatment plans and key risk indicators
- Report risk effectively to boards and executives
Who should attend
Target audience
- Risk managers in energy companies
- Strategy and planning professionals
- Finance and treasury managers
- HSE and operations managers
- Internal auditors
- Board and executive committee members
Methodology
Learning approach
- Framework presentations
- Industry case studies
- Risk assessment workshops
- Scenario analysis exercises
- Reporting design
Complete course outline
Five focused days of learning and application
The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.
Day 1
ERM in Oil and Gas
- Risk landscape of the industry
- ERM frameworks
- Governance and roles
- Risk culture
- Coffee break
- Risk culture (continued)
- Integration with strategy
- Exercise: Risk landscape mapping
Day 2
Risk Appetite and Assessment
- Risk appetite statements
- Risk identification
- Likelihood and impact assessment
- Risk registers
- Coffee break
- Risk registers (continued)
- Interdependencies
- Workshop: Building a risk register
Day 3
Key Industry Risks
- Price and market risk
- Geopolitical and country risk
- Major accident and HSE risk
- Project risk
- Coffee break
- Project risk (continued)
- Energy transition and climate risk
- Case study: Price collapse response
Day 4
Scenarios and Treatment
- Scenario analysis
- Stress testing
- Risk treatment options
- Insurance and hedging
- Coffee break
- Insurance and hedging (continued)
- Key risk indicators
- Exercise: Scenario stress test
Day 5
Reporting and Assurance
- Board risk reporting
- Risk dashboards
- Assurance and audit
- Coffee break
- Assurance and audit (continued)
- Continuous improvement
- Embedding ERM
- Capstone: ERM improvement plan
FAQ
Frequently asked questions
What does Enterprise Risk Management for Oil and Gas Companies (OG-053) cover?
This course covers Oil and Gas through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 9 - 13 November 2026. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Risk managers in energy companies, Strategy and planning professionals, Finance and treasury managers
Is bilingual course delivery available?
Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Check the course schedules section for currently published classroom and Online / Live sessions.
Where are classroom sessions delivered?
Current classroom venues include Istanbul, Vienna, Barcelona, London, Munich, Amsterdam.
How long is the training programme?
The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).
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