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Risk Assessment & Risk Management for Oil & Gas Projects

An Interactive 5-Day Training Course

Risk Assessment & Risk Management for Oil & Gas Projects

Minimising Risk and Maximising Resilience - from Theory to Practice

NASBA
Classroom Schedule
Date Venue Fees
11 - 15 May 2026 Barcelona $ 5,950
08 - 12 Jun 2026 Accra $ 5,950
13 - 17 Jul 2026 London $ 5,950
07 - 11 Sep 2026 Dubai $ 5,950
Online Schedule
Date Venue Fees
07 - 11 Sep 2026 Online $ 3,950
04 - 08 Jan 2027 Online $ 3,950

Introduction

Because of increased pressure to deliver projects on time, within budget and with the agreed components, the need to identify, manage and control the project-based risks becomes central to success. Project Managers need to use tried and accepted techniques for managing identified risks and have access to practical strategies for dealing with issues as they emerge.

Using a mixture of presentations, discussions and practical exercises related to the Oil and Gas industry, this training course addresses these issues in a concise and pragmatic manner.

This GLOMACS Risk Assessment &  Risk Management for Oil & Gas Projects training course will feature:

  • Project management and risk assessment in oil and gas industry
  • Setting criticality analysis and priorities for different assets
  • Performance of root cause analysis
  • Managing performance of assets
  • Learning from major failures in different industries

Objectives

By the end of this training course, participants will be able to:

  • Use practical steps and processes to manage project risk
  • Identify threats & opportunities & weigh their relative value in a project
  • Control multiple risks using limited strategies
  • Overcome psychological barriers to risk in stakeholders & team members
  • Evaluate risk assessment & risk management during the project closure phase of the project

Training Methodology

This training course will utilize a variety of proven adult learning techniques to ensure maximum understanding. The training course will be highly interactive. Following an introductory session, short input sessions will be provided followed by delegates being given the opportunity to put into practice the lessons learned in the preceding topic. Illustrations of risk management from the real world will be provided and delegates will be encouraged to contribute examples and illustrations from their own experiences.

Who should Attend?

This training course is suitable for a wide range of professionals who are involved in any aspect of Project and Risk Management and who want to understand, implement and improve the latest Risk and Project Management concepts, processes and ideas.

This GLOMACS Risk Assessment &  Risk Management for Oil & Gas Projects training course is suitable to a wide range of professionals but will greatly benefit:

  • Project Management Team members
  • Operations Managers
  • Project Managers
  • Oil and Gas Enterprise Architects
  • Asset Managers
  • Maintenance Managers
  • Maintenance & Reliability Engineers
  • Technical managers & supervisors
  • Board level executives and non-executives
  • Consultants in Project, Asset, Maintenance and Risk Management
Course Outline
Day 1

Introduction to Organisational Risk

  • Pros and cons of risk management
  • Practical experience with risk assessment & risk management in various industries
  • Risk Management throughout a project life cycle
  • Methods to increase company-wide awareness, understanding & senior level support
  • Risk Management at various levels of an organization
  • Business risks vs technical risks vs implementation risks
Day 2

The Risk Management Process Wheel & Identifying Risk

  • Proactive risk management process
  • The risk management process wheel
  • The risk registers
  • Risk management planning
  • Risk identification
  • Risk identification tools & techniques
Day 3

Risk Analysis

  • Qualitative risk analysis
  • High Reliability Organisations (HROs)
  • The risk matrix
  • Decision Making Grid (DMG)
  • Quantitative Risk Analysis (QRA)
  • Fault Tree Analysis (FTA) and Reliability Block Diagrams (RBD)
Day 4

Risk Responses & Managing Risks

  • Risk response planning
  • Building a risk management plan
  • Calculating risk management budget
  • Monitoring & reviewing
  • Opportunity assessment
  • Project execution risk assessment
Day 5

Reporting Risk Management Outcome

  • What makes a bad report?
  • What makes a good report?
  • Creating an oil & gas risk questionnaire
  • Risk evaluation
  • Risk evaluation report
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates. Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

KHDA
NASBA

In Association With

Options & Brochure
Related Courses
Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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