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Risk Management for Oil and Gas

An Interactive 5-Day Training Course

Risk Management for Oil and Gas

Recognising, Planning & Controlling Risks in Disastrous Circumstances & Uncertain Times

NASBA
Classroom Schedule
Date Venue Fees
22 - 26 Jun 2026 Houston $ 7,950
07 - 11 Sep 2026 Dubai $ 5,950
14 - 18 Dec 2026 Houston $ 7,950
Online Schedule
Date Venue Fees
07 - 11 Sep 2026 Online $ 3,950

Course Summary

The Oil & Gas industry faces inherently high risks that can result in significant financial loss, operational disruption, and damage to reputation if not managed proactively. This course focuses on providing a structured and effective approach to recognising, planning, and controlling risks specific to the Oil & Gas sector. Participants will examine the nature of risks in this environment, evaluate risk management frameworks including ISO 31000, and learn how leadership and decision-making behaviours affect risk outcomes. The Risk Management for Oil and Gas training course equips professionals with the knowledge and tools to assess current practices, implement risk reduction strategies, and strengthen organisational resilience even in uncertain circumstances.

Throughout the five-day training, participants will study lessons learned from industry experiences, assess international standards, and understand how to integrate risk management into core business processes. Emphasis is placed on practical application and learning from case studies to reinforce concepts. The Risk Management for Oil and Gas training course prepares risk professionals and managers to lead risk reduction efforts and drive performance improvements within their organisations.

Skills & Competencies

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

  • Risk assessment and analysis capability
  • Integration of risk frameworks and standards
  • Strategic decision-making under uncertainty
  • Leadership in risk reduction culture
  • Stakeholder risk communication skills
  • Continuous improvement of risk processes

Key Learning Outcomes

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

  • Understand the role of Risk Management in the Oil & Gas performance landscape.
  • Evaluate and select appropriate risk management frameworks and approaches.
  • Assess current risk practices and develop mechanisms to improve application.
  • Integrate risk management into decision-making and organisational planning.
  • Guide the deployment of risk reduction strategies throughout the organisation.

How You Will Learn

Participants will engage with structured exploration of risk concepts, international standards, and practical examples from the Oil & Gas industry. Learning includes analysis of risk frameworks, case studies, and guidance on embedding risk practices into leadership and operational processes. Emphasis is placed on translating insights into actionable risk reduction and decision-making behaviours.

Who should Attend?

This training course is designed for professionals involved in risk identification, assessment, and management within the Oil & Gas industry, from technical to leadership roles.

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

  • Experienced risk managers and practitioners
  • Internal auditors seeking mastery of ISO 31000
  • Line, project, and operations managers
  • Engineers and supervisors in risk-influenced functions
  • Change, quality, and organisational development professionals
Course Outline
Day 1

Risk and Risk Management in Oil & Gas

This day introduces fundamental risk concepts specific to the Oil & Gas sector and examines how risk frameworks such as ISO 31000 can support structured risk practices. The topics covered will include:  

  • Objectives & Governance, Concepts & Definitions of Risk & Risk Management
  • Risk in Oil & Gas
  • Risk Management Frameworks & ISO31000
  • The Importance of Commitment, Culture, Communication and Behaviour in Seeking an Effective Risk Management Structure
  • The Global Business and Risk Environment for Oil & Gas
  • Enterprise Risk Management – The Resilient Organisation
Day 2

Designing Your Organisational Framework for Managing Risk

This day explores how to create a tailored risk management framework that aligns with organisational needs and industry best practices. The topics covered will include:   

  • Selecting a Risk Management Framework and Process Suitable for Oil & Gas Application
  • Defining Risk Management Responsibilities & Accountabilities
  • Measuring Risk Management Performance
  • Comparing Your Organisation’s Risk Management to the ISO 31000 Model & Principles
  • Aligning Risk Management with the Organisation
  • Defining Risk Attitude and Risk Appetite
  • Selecting Options for Risk Criteria, Assessment, Identification, Analysis & Evaluation
Day 3

Business Continuity Management Systems (BCMS)

This day focuses on principles and practices essential for organisational resilience through Business Continuity Management Systems (BCMS). The topics covered will include:   

  • Fundamental Principles of Business Continuity Management in Oil & Gas
  • Implementation of a BCMS in accordance with ISO 22301 & ISO 27031
  • Incident and Emergency Response Management
  • Business Impact Analysis (BIA) and Risk Assessment
  • The Relationship between BCMS and Compliance with the other Risk Management Requirements
  • Planning Implementation of a Business Continuity Management Systems (BCMS)
Day 4

Effectively Implementing Risk Management in Oil & Gas

This day examines methods to embed risk management into organisational processes and overcome common barriers. The topics covered will include:

  • Identifying Appropriate Resources and Methodologies to Implement The Risk Management Plan
  • Integrating Risk Management into Decision-making
  • Typical Barriers to Implementation
  • Risk Reporting & Stakeholder Management
  • Quantitative Risk Modelling and Qualitative Reporting
  • Aligning Risk Reporting with Other Strategic Management Activities, such as Reputation Management
  • Learning from Recent Cases of Failure in the Oil & Gas Industry 
Day 5

Review and Continuous Improvement of the Framework

This day focuses on measuring risk progress and ensuring risk practices improve over time through feedback and indicators. The topics covered will include:   

  • Key Risk Indicators (KRI´s)
  • Continually Improving the Risk Management Implementation
  • Collating Risk and Control Information into a Central Risk Register / System
  • Inventory of Controls (The “Five Ws”)
  • Understanding & using Feedback and Taking on Board “lessons learnt”
  • Open Forum
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

Customisation & In-House Delivery

Delivering this training course in-house enables organisations to tailor the risk management framework and learning to their specific operational context and challenges. Customisation supports strengthening risk culture, aligning risk practices with organisational priorities, and enhancing performance outcomes through real-world relevance.

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 Management for Oil and Gas training course:

  • Enhanced capability to identify and mitigate high-impact risks
  • Improved alignment with international risk standards (ISO 31000)
  • Stronger communication and leadership around risk issues
  • Greater organisational resilience and operational continuity
  • Better integration of risk management into decision-making
  • Sustained risk-aware culture across functions
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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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