COURSE OVERVIEW:

Risk is inherent in every stage of the oil and gas lifecycle. This course provides a structured framework for identifying, assessing, and mitigating risks across subsurface, surface, and commercial domains. Participants will move beyond simple safety checklists to understand "Integrated Risk Management," which balances technical uncertainty with financial exposure and environmental responsibility.

The curriculum focuses on practical tools such as Hazard and Operability Studies (HAZOP), Bow-tie Analysis, and Quantitative Risk Assessment (QRA). Attendees will explore how to manage subsurface risks (like reservoir connectivity and pressure) alongside operational risks (like equipment failure and supply chain disruptions). The course emphasizes the "ALARP" (As Low As Reasonably Practicable) principle and the importance of a robust safety culture.

By the end of the program, managers and engineers will be able to build risk registers, design effective mitigation strategies, and communicate risk profiles to stakeholders, ensuring that asset value is protected and operational continuity is maintained even in volatile environments.

COURSE OBJECTIVES:

After completion of this course, the participants will be able to:

• Define the fundamental principles of Risk Management in the energy sector.
• Distinguish between Qualitative and Quantitative risk assessments.
• Facilitate and participate in HAZID and HAZOP sessions.
• Construct "Bow-tie" diagrams to visualize threats and barriers.
• Assess subsurface risks related to reserves and reservoir performance.
• Identify and mitigate process safety risks in production facilities.
• Apply the ALARP principle to engineering and operational decisions.
• Understand the impact of human factors on risk and safety.
• Develop and maintain an Integrated Asset Risk Register.
• Manage environmental and ESG risks in field operations.
• Design contingency and emergency response plans for high-impact events.
• Use Monte Carlo simulations for financial and project risk analysis.
• Lead a "Safety Case" approach for offshore and onshore assets.

TARGET AUDIENCE:

Asset Managers, Project Engineers, HSE Professionals, and Senior Operations Staff.

TRAINING COURSE METHODOLOGY:

A highly interactive combination of lectures, discussion sessions, and case studies will be employed to maximise the transfer of information, knowledge, and experience. The course will be intensive, practical, and highly interactive. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. The attendants will also be encouraged to raise more of their questions and to share in developing the right answers using their analysis and experience. There will also be some indoor experiential activities to enhance the learning experience. Course material will be provided in PowerPoint, with necessary animations, learning videos, and general discussions.

The course participants shall be evaluated before, during, and at the end of the course.

COURSE CERTIFICATE:

National Consultant Centre for Training LLC (NCC) will issue an Attendance Certificate to all participants completing a minimum of 80% of the total attendance time requirement.