Managing Project Risks in the Oil & Gas Industry
Intensive 5-day course · English, Arabic & European languages
- Duration5 days
- FormatClassroom or live online
- LanguageEnglish, Arabic or a European language
- CertificateARUK Certificate of Attendance
- FeeFrom £2,280 + VAT
Project managers, engineers, and risk professionals working on oil and gas projects use this five-day course to learn how to set up a risk management process. The syllabus covers how to protect project budgets and reduce the chance of major incidents. The training covers the full project life cycle, from identifying threats using tools like HAZID and the Bow Tie methodology, to modeling outcomes and planning responses.
Classroom
Public courses in our cities
- 19–23 Oct 2026Muscat£3,080 + VAT
- 2–6 Nov 2026Manama£3,080 + VAT
- 16–20 Nov 2026Barcelona£3,080 + VAT
- 7–11 Dec 2026Paris£3,600 + VAT
- 21–25 Dec 2026Dubai£4,200 + VAT
- 11–15 Jan 2027London£3,360 + VAT
Show 23 more dates
- 25–29 Jan 2027Manama£3,080 + VAT
- 8–12 Feb 2027Istanbul£2,280 + VAT
- 22–26 Feb 2027Amman£3,400 + VAT
- 1–5 Mar 2027Vienna£3,400 + VAT
- 15–19 Mar 2027Madrid£3,400 + VAT
- 5–9 Apr 2027Berlin£3,400 + VAT
- 19–23 Apr 2027Barcelona£3,080 + VAT
- 3–7 May 2027Paris£3,600 + VAT
- 17–21 May 2027Milan£3,400 + VAT
- 14–18 Jun 2027London£3,360 + VAT
- 28 Jun – 2 Jul 2027Malaga£3,080 + VAT
- 12–16 Jul 2027Istanbul£2,280 + VAT
- 26–30 Jul 2027Sarajevo£3,400 + VAT
- 2–6 Aug 2027Vienna£3,400 + VAT
- 16–20 Aug 2027Dubai£4,200 + VAT
- 6–10 Sep 2027Riyadh£4,200 + VAT
- 20–24 Sep 2027Barcelona£3,080 + VAT
- 4–8 Oct 2027Paris£3,600 + VAT
- 18–22 Oct 2027Doha£4,200 + VAT
- 8–12 Nov 2027London£3,360 + VAT
- 22–26 Nov 2027Geneva£4,200 + VAT
- 13–17 Dec 2027Istanbul£2,280 + VAT
- 27–31 Dec 2027Abu Dhabi£4,200 + VAT
Group discount: 2 delegates 20% · 3 delegates 35% · 5 or more delegates 50%
Can't make these dates? We can run this course for your team on dates that suit you. Ask for custom dates · In-house options
Online (live)
With a trainer, on dates to suit your team
This course can be taught live online by a trainer, in English, Arabic or any European language, for one person or a whole team.
£1,850 + VAT
Group discount: 2 delegates 20% · 3 delegates 35% · 5 or more delegates 50%
Tailor this course
Pick what you want changed and we’ll come back with a proposal and price.
Course overview
Oil and gas projects face complex physical and financial risks, from environmental regulations and public scrutiny to supply chain instability. When managed poorly, these issues lead to accidents. They also cause financial loss and severe project delays.
The course steps through a complete framework for managing project risk. Using a single oil and gas case study that runs through the week, delegates practice both qualitative and quantitative risk analysis. The sessions cover identifying threats and opportunities, assessing environmental and safety impacts, and applying industry tools like MAR, LOPA, and Monte Carlo simulations.
Delegates also examine the human side of risk perception. Through the five-day programme, teams learn to adapt to changing conditions through a stage-gated process, build action plans, and track progress using Earned Value Management, giving them the tools to escalate critical issues and make project delivery more predictable.
Course objectives
By the end of the course, delegates will be able to:
- Build a risk management process for an oil and gas project
- Define the core roles and responsibilities required to manage risk
- Apply analysis tools to evaluate project risks
- Adapt to changing risk profiles during a stage-gated project process
- Recognise how human perception and past experience influence risk decisions
- Draw lessons from past mega-projects to improve future project delivery
Who should attend
This course suits:
- Project risk managers
- Project managers
- Project management professionals
- Commercial management teams
- Project engineers
- Procurement and logistics staff
- Planners
- Estimators and cost controllers
Training methodology
- The course uses a mix of lectures and practical exercises.
- Delegates work through an extensive oil project case study across the five days.
Daily agenda
- Day 1
Core risk management concepts
- Defining risk in a project context
- How project risk differs in the oil and gas sector
- Threats versus opportunities
- Business, operational, and project risk categories
- The standard risk management process
- Planning for risk management
- Day 2
Roles, responsibilities and identification
- Core risk management roles
- Common practices in oil and gas organisations
- Choosing the right approach for an organisation
- Techniques for identifying risk
- Specific methods used in the oil and gas industry
- Using MAR, LOPA, HAZID, and HAZOP
- Applying the Bow Tie methodology
- Alternative techniques based on team dynamics
- Using sabotage teams
- Risk Breakdown Structure categorisation
- Day 3
Analysing risk
- Recommended assessment formats for the sector
- Differences between qualitative, semi-quantitative, and quantitative analysis
- Assessing risk impact
- Balancing business impact against safety and environmental consequences
- Core tools for analysing risk
- Applying sensitivity analysis
- Expected Monetary Value analysis
- The people side of risk
- How perception and mental outlook influence decisions
- External factors, regulator activity, and past catastrophic incidents
- Using Monte Carlo simulations and modeling
- Interpreting the outputs of risk analysis
- Day 4
Planning and implementing responses
- Prioritising identified risks
- Strategies for risk response
- Formulating and evaluating action plans
- Securing approval for action plans
- Monitoring implementation
- Earned Value Management
- Reserve analysis
- Good practices for implementing response plans
- Day 5
Reporting and lessons learned
- Reporting on risk status
- Escalating critical risks
- Embedding risk processes into daily operations
- Capturing and feeding back lessons learned
- Key risk lessons from oil and gas mega-projects
- Applying these lessons to future organisational projects
Certificate
Every delegate who completes the course receives an ARUK Training Certificate of Attendance.
Frequently asked questions
How do I register?
Choose a date and city in the schedule and press Register, or send us an enquiry. Our team confirms your place and sends an invoice.
Are fees shown with VAT?
Fees are shown per delegate and exclude VAT, which is added to the invoice where applicable.
Can this course be delivered for our team only?
Yes. Any ARUK course can be delivered in-house at your premises, in a meeting room we book for you, or 1-to-1.
Is this course available online?
Yes. We run it live online with a trainer, on dates that suit your team, for £1,850 + VAT per delegate.
Is there a group discount?
Yes. 20% for 2 delegates, 35% for 3 delegates and 50% for 5 or more delegates on the same course.
Can the course be delivered in Arabic or another language?
Yes. Our courses can be delivered in English, Arabic or any European language, by a trainer who teaches in that language. Mention your preferred language when you register or enquire.
What certificate will I receive?
An ARUK Training Certificate of Attendance.
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