Course Description
This training course provides the specialised risk management knowledge required to deliver oil and gas projects successfully in an industry characterised by high capital, technical complexity, and volatility.
Participants learn to identify, assess, and control the technical, commercial, and operational risks specific to oil and gas projects, from exploration through to production facilities. The course applies structured risk management methodology to the unique challenges of the energy sector.
What you will achieve
By the end of this training course, participants will be able to:
- Apply structured risk management to oil and gas projects
- Identify technical, commercial, and operational project risks
- Assess and prioritise risks using qualitative and quantitative methods
- Develop risk response and mitigation strategies
- Manage risk through the project life cycle
- Address the impact of oil price volatility on projects
- Build a project risk management plan
How the course is delivered
The course applies risk management methodology to real oil and gas project scenarios through lectures, case studies, and workshops. It addresses the technical and commercial dimensions of project risk in the energy sector.
On successful completion, an BII Research Certificate with CPE credits is awarded.
Designed for
This training course is ideal for:
- Oil & Gas project managers and engineers
- Project risk and planning professionals
- Supply planners and scheduling professionals
- Technical staff on energy projects
- Anyone managing risk in oil and gas projects
Daily programme
- Principles of project risk management
- The oil and gas project risk context
- Risk management frameworks
- Establishing risk context
- Technical risk identification
- Commercial and operational risks
- Risk identification techniques
- Building the risk register
- Qualitative risk assessment
- Quantitative risk analysis
- Risk prioritisation
- Probabilistic methods
- Risk response strategies
- Mitigation and contingency planning
- Oil price volatility and its impact
- Risk ownership and accountability
- Monitoring and controlling risk
- Risk in project execution
- Lessons learned and continuous improvement
- Course review and action planning
Certification & accreditation
BII Certificate of Completion
BII Certificate of Completion Upon successful completion, participants receive a BII Development Institute Certificate of Completion with a unique reference code that is independently verifiable. Our certificates are recognised internationally and reflect successful completion of your chosen programme.
