Operational risk in the oil industry may lead to environmental disasters and to heavy loss of human lives.  This advanced course program uses a model to analyze and to assess the operational risk at the drilling, primary transport and refining stage of the oil supply chain. For the drilling stage, three sub-methods are discussed, one for each period of the plant life cycle (design, construction and production).

For the primary transport stage, two different risk management processes are considered: the former one allows the risks resulting from processes, procedures and physical components (other than oil-pipelines) to be identified, assessed and controlled, whereas the latter one allows risks arising from the pipeline breakdowns to be faced. Finally, for the refining stage, a preliminary phase is recommended to prioritize each equipment of the refinery, and several techniques and tools are suggested.

For Whom: Senior Risk Officers and Managers in any of the upstream, midstream, and downstream subsectors of the oil and gas industry.

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