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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

Course Summary

Effective risk assessment and risk management are critical success factors in the complex environment of oil and gas projects, where delays, safety issues, and cost overruns can have significant consequences. This course provides a practical, industry-focused approach to identifying, analysing, and managing project risks from inception to completion. Participants will gain insight into proven techniques and tools used within the oil and gas sector to build resilience, prioritise risk responses, and improve decision-making under uncertainty. The Risk Assessment & Risk Management for Oil & Gas Projects training course equips professionals with the capability to apply structured risk management processes that support project success, enhance operational performance, and protect organisational value.

Over five days, delegates will explore the complete risk management cycle — from identifying and analysing risk to planning responses and reporting outcomes — all within the context of oil and gas operations. Emphasis is placed on practical application through real-world examples, interactive discussions, and exercises that reflect industry practice. By integrating risk thinking into project lifecycles, participants will be better prepared to anticipate uncertainties, allocate resources effectively, and execute risk management strategies that strengthen resilience and business continuity.

Skills & Competencies

From this Risk Assessment & Risk Management for Oil & Gas Projects training course, participants will develop the following key skills and competencies:

  • Risk identification and risk process application
  • Qualitative and quantitative risk analysis
  • Risk response planning and mitigation strategy
  • Use of risk registers and criticality analysis
  • Reporting and communication of risk outcomes
  • Oil and gas project risk management proficiency

Key Learning Outcomes

At the end of Risk Assessment & Risk Management for Oil & Gas Projects training course, you will learn to:

  • Identify threats, opportunities, and critical risks in oil and gas projects.
  • Apply structured risk management processes throughout the project lifecycle.
  • Conduct both qualitative and quantitative risk analysis.
  • Develop effective risk responses and risk management plans.
  • Create and evaluate risk evaluation reports relevant to oil and gas contexts.

How You Will Learn

Learning takes place through structured exploration of risk management principles specific to oil and gas projects, complemented by interactive discussions and practical exercises. Participants will practise using risk tools and techniques in realistic scenarios, supported by examples drawn from industry experience. Emphasis is placed on translating conceptual frameworks into actions that enhance resilience and project performance.

Who should Attend?

This trainign course is designed for professionals involved in project leadership, risk management, asset management, and operations within the oil and gas sector, particularly those responsible for managing uncertainties and safeguarding project outcomes.

This 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 and maintenance managers
  • Project managers and asset managers
  • Technical managers and supervisors
  • Reliability and maintenance engineers
  • Board-level executives and consultants

 

Course Outline
Day 1

Introduction to Organisational Risk

This day explains the fundamentals of risk in project and organisational contexts, including roles of risk management and its application across different levels and life cycle stages. The topics covered will include:   

  • 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

This day focuses on the structured risk management process and techniques for identifying risks, including risk registers and planning elements. The topics covered will include:   

  • 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

This day explores both qualitative and quantitative risk analysis methods, including decision-making tools and reliability techniques relevant to oil and gas. The topics covered will include:

  • 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

This day develops capabilities in planning risk responses, creating risk management plans, and assessing opportunity and execution risks. The topics covered will include:

  • 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

This day emphasises effective reporting of risk management results, including evaluations, questionnaires, and criteria for good reporting practices. The topics covered will include:  

  • 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

NASBA

In Association With

Options & Brochure
Related Certificates
NASBA

Customisation & In-House Delivery

Delivering this training course in-house allows organisations to tailor the risk assessment and risk management content to their specific assets, projects, and organisational context. Customisation ensures that risk terminology, tools, and scenarios reflect real operational challenges, strengthening risk thinking across project and operational teams.

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

Additional Benefits of this course for Organisations and Professionals in Saudi Arabia

Organisations & Professionals in KSA will have the following additional benefits from this Risk Assessment & Risk Management for Oil & Gas Projects training course:

  • Improved ability to anticipate and manage project uncertainties
  • Enhanced resilience in oil and gas operations
  • Stronger integration of risk processes with project execution
  • Greater alignment between risk strategy and business objectives
  • Increased confidence in risk decision-making
  • Practical capability to report risk outcomes effectively
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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.

No. Our training courses are delivered globally through international locations and online platforms, enabling participants from Saudi Arabia and around the world to learn together. This global delivery approach ensures exposure to diverse perspectives, international best practices, and cross-cultural insights while maintaining strong relevance to regional and organisational needs.

View All Training Locations

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.

Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.

For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email [email protected] . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.

For personalised assistance or detailed enquiries, please contact our team on +966 (54) 286 8546 or email us at [email protected]

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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