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.
• Fundamentals of Operational Risk
• Management of Operational Risk
• Operational Risk Appetite
• Operational Risk Tools – Categorisation
• Operational Risk Tools – Risk and Control Self-Assessment
• Operational Risk Indicators
• Operational Risk Tools – Events and Losses
• Operational Risk Tools – Scenario Analysis
• The Regulatory Treatment of Operational Risk

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