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Course OG-024

Risk Assessment & Risk Management for Oil & Gas Projects

Oil and gas projects operate in complex environments where technical, commercial, operational, environmental, and regula... The outline covers Foundations of Risk Management in Oil & Gas Projects, Risk Identification and...

  • 5 daysClassroom or online
  • 12Upcoming dates
  • 8Cities
  • €1,825Fees from
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Risk Assessment & Risk Management for Oil & Gas Projects
Next online class Live virtual classroom 11 - 15 January 2027 · €1,815 + VAT Next classroom session Amsterdam 11 - 15 January 2027 · €2,425 + VAT

Your week at a glance

  1. Day 1 Foundations of Risk Management in Oil & Gas Projects
  2. Day 2 Risk Identification and Risk Management Frameworks
  3. Day 3 Risk Analysis and Evaluation Techniques
  4. Day 4 Risk Response Planning and Project Risk Control
  5. Day 5 Risk Reporting, Communication, and Continuous Improvement

Choose your format and date

  • 5 days
  • 09:00–14:00
  • Certificate of attendance

Classroom sessions

  1. 11–15 Jan 2027

    Amsterdam

    Next date
    €2,425 + VAT
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  2. 8–12 Feb 2027

    London

    €2,815 + VAT
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  3. 8–12 Mar 2027

    Istanbul

    €2,210 + VAT
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  4. 12–16 Apr 2027

    Cape Town

    Lowest fee
    €1,825 + VAT
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  5. 10–14 May 2027

    Barcelona

    €2,315 + VAT
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  6. 14–18 Jun 2027

    Paris

    €2,810 + VAT
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  7. 12–16 Jul 2027

    Frankfurt

    €2,275 + VAT
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  8. 9–13 Aug 2027

    Barcelona

    €2,315 + VAT
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  9. 13–17 Sep 2027

    Amsterdam

    €2,425 + VAT
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  10. 11–15 Oct 2027

    London

    €2,815 + VAT
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  11. 8–12 Nov 2027

    Istanbul

    €2,210 + VAT
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  12. 13–17 Dec 2027

    Vienna

    €3,225 + VAT
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Online / Live sessions

  1. 11–15 Jan 2027

    Live virtual classroom

    Next date
    €1,815 + VAT
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  2. 8–12 Feb 2027

    Live virtual classroom

    €1,815 + VAT
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  3. 8–12 Mar 2027

    Live virtual classroom

    €1,815 + VAT
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  4. 12–16 Apr 2027

    Live virtual classroom

    €1,815 + VAT
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  5. 10–14 May 2027

    Live virtual classroom

    €1,815 + VAT
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  6. 14–18 Jun 2027

    Live virtual classroom

    €1,815 + VAT
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  7. 12–16 Jul 2027

    Live virtual classroom

    €1,815 + VAT
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  8. 9–13 Aug 2027

    Live virtual classroom

    €1,815 + VAT
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  9. 13–17 Sep 2027

    Live virtual classroom

    €1,815 + VAT
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  10. 11–15 Oct 2027

    Live virtual classroom

    €1,815 + VAT
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  11. 8–12 Nov 2027

    Live virtual classroom

    €1,815 + VAT
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  12. 13–17 Dec 2027

    Live virtual classroom

    €1,815 + VAT
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Introduction

Course overview

Oil and gas projects operate in complex environments where technical, commercial, operational, environmental, and regulatory risks can significantly impact project success. This course equips participants with practical techniques for identifying, assessing, analyzing, mitigating, and monitoring risks throughout the project lifecycle, enabling organizations to improve decision-making, reduce uncertainty, and enhance project performance.

View full course outline

What you will achieve

Learning objectives

  • Understand enterprise and project risk management principles within the oil and gas industry
  • Identify and evaluate technical, commercial, operational, and project risks
  • Apply qualitative and quantitative risk assessment techniques
  • Develop practical risk registers and risk management plans
  • Monitor and control project risks throughout the project lifecycle
  • Prepare effective risk reports for management and stakeholders
  • Support informed decision-making through structured risk management practices

Who should attend

Target audience

  • Project managers
  • Project engineers
  • Risk management professionals
  • Petroleum and production engineers
  • Operations managers and supervisors
  • HSE professionals
  • Oil and gas professionals involved in project planning and execution

Methodology

Learning approach

  • The course combines instructor-led presentations, practical workshops, risk assessment exercises, case studies, group discussions, quantitative analysis examples, and real-world oil and gas project scenarios.

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

Foundations of Risk Management in Oil & Gas Projects

  1. Understanding the principles, objectives, and value of organizational risk management
  2. Evaluating the benefits and limitations of structured risk management approaches
  3. Reviewing practical risk management applications across oil and gas operations and projects
  4. Coffee break
  5. Reviewing practical risk management applications across oil and gas operations and projects (continued)
  6. Understanding risk management throughout the project lifecycle from concept to close-out
  7. Promoting organizational risk awareness and leadership commitment
  8. Understanding risk management responsibilities across different organizational levels
  9. Differentiating strategic, technical, commercial, operational, and implementation risks

Day 2

Risk Identification and Risk Management Frameworks

  1. Understanding proactive risk management methodologies and industry best practices
  2. Applying the risk management process throughout project planning and execution
  3. Developing and maintaining effective project risk registers
  4. Coffee break
  5. Developing and maintaining effective project risk registers (continued)
  6. Establishing project risk management plans and governance structures
  7. Applying systematic techniques for identifying project uncertainties and emerging risks
  8. Utilizing structured tools and workshops to support comprehensive risk identification

Day 3

Risk Analysis and Evaluation Techniques

  1. Applying qualitative methods to evaluate project risks and priorities
  2. Understanding the characteristics of High Reliability Organizations and resilient operations
  3. Utilizing probability-impact matrices for risk prioritization
  4. Applying structured decision-making techniques to evaluate response options
  5. Coffee break
  6. Applying structured decision-making techniques to evaluate response options (continued)
  7. Understanding quantitative risk analysis concepts and practical applications
  8. Applying Fault Tree Analysis, Reliability Block Diagrams, and other analytical techniques to assess complex project risks

Day 4

Risk Response Planning and Project Risk Control

  1. Developing practical risk treatment and mitigation strategies
  2. Preparing comprehensive project risk management plans
  3. Estimating contingency requirements and risk management budgets
  4. Coffee break
  5. Estimating contingency requirements and risk management budgets (continued)
  6. Monitoring project risks and evaluating the effectiveness of response actions
  7. Identifying and managing opportunities that enhance project value
  8. Applying risk assessment techniques during project execution to support informed decision-making

Day 5

Risk Reporting, Communication, and Continuous Improvement

  1. Developing effective risk reports that support management decision-making
  2. Understanding the characteristics of high-quality risk reporting and common reporting weaknesses
  3. Designing risk questionnaires and assessment tools for oil and gas projects
  4. Coffee break
  5. Designing risk questionnaires and assessment tools for oil and gas projects (continued)
  6. Evaluating residual risks and overall project risk exposure
  7. Preparing comprehensive risk evaluation reports for stakeholders
  8. Final workshop: Developing an integrated risk management framework for an oil and gas project, including lessons learned and continuous improvement planning

Ready to book?

Risk Assessment & Risk Management for Oil & Gas Projects

Next session: 11 - 15 January 2027, Amsterdam

Register See all dates

Course FAQs

Questions about this course

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What does Risk Assessment & Risk Management for Oil & Gas Projects (OG-024) 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 11 - 15 January 2027. See the course schedules section for the available dates and delivery formats.

Who should attend this course?

Project managers, Project engineers, Risk management professionals

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 Amsterdam, London, Istanbul, Cape Town, Barcelona, Paris, Frankfurt, Vienna.

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).