An Intensive 5-day Training Course
Managing Project Risks in the Oil & Gas Industry
Minimising Uncertainties in Highly Complex Environments
Course Introduction
The oil and gas industry operates in one of the most complex and high-stakes environments, where projects face a unique combination of technical, financial, regulatory, and geopolitical risks. Managing these risks effectively is critical to ensuring project success, maintaining safety, and optimising investment returns.
This 5-Day training course provides participants with a structured approach to identifying, assessing, and mitigating risks throughout the project lifecycle. From exploration and drilling to production and decommissioning, every phase presents challenges that require strategic risk management.
Participants will gain insights into industry-specific risk factors, including volatile market conditions, environmental concerns, supply chain disruptions, and stakeholder expectations. Through real-world case studies, practical frameworks, and interactive discussions, this training course equips professionals with the tools needed to develop robust risk management plans and make informed decisions in high-pressure situations.
This Managing Project Risks in the Oil & Gas Industry training course will highlight:
- Key factors in oil & gas project risk management planning
- The importance of accurate risk identification & analysis
- Risk ownership as a critical part of risk management
- The importance of communication and escalation in oil & gas projects
- How to create and implement effective risk response plans
Objectives
This Managing Project Risks in the Oil & Gas Industry training course will take delegates through real-life oil & gas projects, using case-studies to develop and evaluate best-practice tools & techniques. This method will provide valuable insights into the challenges, and strengths, that an effective risk management process can provide in such a dynamic and volatile industry sector.
At the end of this training course, participants will:
- Develop key risk management competencies such as developing an appropriate risk process for an organisation in the oil & gas Industry
- Understand the key roles, responsibilities and activities associated with project risk management
- Understand how best to apply appropriate tools and techniques to optimise risk management for your projects
- Learn to deal with the changing nature of risk through a stage gated project process
- Understand the human side of risk in terms of risk perception
- Understand the crucial challenges and lessons learned associated with oil and gas project risk management
Training Methodology
This Managing Project Risks in the Oil & Gas Industry training course incorporates an interactive mixture of professional presentations supported by relevant practical exercises and case studies, running through the five days of the training course. This will enable participants to fully understand and address all the elements of project risk management in the oil & gas industry sector.
Organisational Impact
In the Oil and Gas Industry the failure to manage project risk effectively can lead to catastrophic events occurring. No organisation can afford to be complacent about such events, and ensuring that project risk management is being carried out effectively must be a strategic goal requirement that everyone adheres to. Delegates who attend this training course will receive competence based training, providing the basis for activities that can be delivered on their return to the workplace. Risk management is pervasive in the Oil & Gas industry. Individuals in this industry must acquire the necessary skills to use risk & technology tools effectively and efficiently.
Personal Impact
The ability to manage project risk is a core skill for anyone involved in delivering a project. When carried out properly projects are more predictable, value delivery is enhanced and fewer accidents and harm to the environment occur.
Personal competencies relate to the attitudes and behaviours of individuals within Oil & Gas projects. Developing these personal competencies will enhance the way professional relationships are handled and facilitate individual learning and personal improvement. Delegates will be able to enhance their credibility within their organisation knowing that they can competently coordinate a risk process which will benefit their project delivery and ultimately their career.
Who Should Attend?
This Oxford Management Centre Managing Project Risks in the Oil & Gas Industry training course is suitable to a wide range of professionals but will greatly benefit anyone working on, interfacing with, or providing governance with respect to oil and gas projects:
- Project Managers
- Project Risk Managers
- Project Service Managers
- Commercial Management
- Project Engineers
- Procurement & Logistics
- Project Planners
- Project Estimators & Cost-Controllers
Course Outline
Day One
Project Risk Management Fundamentals
- What is Risk?
- The Risk Management Process
- Key Risk Management Roles and Responsibilities
- The Dual Nature of Risk: Threats and Opportunities
- Integrating Risk Management into Project Management
- Planning Risk Management
- Project Risk in the Oil and Gas Industry
Day Two
Risk Identification Processes
- Risk Identification Tools & Techniques
- Categorisation and the Use of Risk Breakdown Structures (RBS)
- Consequential Risk Identification
- Managing Risk through Project Estimating
- Managing Risk through Earned Value Management
- Schedule Risk Management
Day Three
Risk Analysis Techniques
- Qualitative Risk Analysis
- Bow-Tie Risk Analysis
- Risk Matrix Sizing
- Quantitative Risk Analysis
- Monte Carlo Simulations
- Decision Trees & EMV
- Risk Management through Integrity Assurance
Day Four
Risk Response Planning & Strategizing
- Risk Prioritisation
- Risk Response Strategies
- Response Planning & Analysis
- Alternative Responses
- Response Validation
- Contingency & Management Reserves
Day Five
Risk Response Plan Implementation & Control
- Resource Management
- Risk Control Guidelines
- Escalating Risks
- Risk Reporting & Documenting
- How to Identify and Feedback Lessons Learned
- Course Summation & Work Session Review
Certificate
On successful completion of this training course, Oxford Management Centre Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor and Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates
Accreditation
In association with
Related Courses
Production Engineering
Date: 13-17 Oct 2025 Location: Dubai Fee: $5,950
Hydrocarbon Production Operations
Date: 06-10 Oct 2025 Location: Dubai Fee: $5,950
Flow Assurance : Managing Flow Dynamics and Production Chemistry
Date: 20-24 Oct 2025 Location: Abu Dhabi Fee: $5,950
Upstream Economics and Management
Date: 06-10 Oct 2025 Location: Dubai Fee: $5,950
Introduction to Mining and Mining Finance
Date: 29 Sep-03 Oct 2025 Location: Dubai Fee: $5,950
Behavioral Safety in Mining
Date: 08-12 Dec 2025 Location: Dubai Fee: $5,950
Mining for Non-Miners
Date: 19-23 Jan 2026 Location: Dubai Fee: $5,950
Certificate in Global Downstream Oil & Gas Operations
Date: 15-19 Sep 2025 Location: London Fee: $5,950
Oil and Gas: Markets, Trading, Pricing and Economic Framework
Date: 24-28 Nov 2025 Location: Dubai Fee: $5,950
FREQUENTLY ASKED QUESTIONS
Yes, we provide assistance in securing both hotel reservations & entry visa on all our international training venues, for delegates attending our training courses. For further information / assistance, please contact our Customer Service at:
- Telephone: +971 50 985 0174
- E-mail: info@oxford-management.com
Yes, Oxford Management Centre is accredited by the following professional bodies;
National Association of State Board of Accountancy (NASBA)
The Oxford Management Centre is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit.
Yes, discounts are available. For further information please call +971 50 985 0174 or email, info@oxford-management.com
Note: Discounts are not applicable with any other special offer that may be available.
All course bookings made through Oxford Management Centre are non-refundable. By registering for a course, you acknowledge and accept that fees are payable in full and are not subject to refund under any circumstances, including but not limited to participant dissatisfaction, changes in personal or professional circumstances, or partial attendance.
Oxford Management Centre reserves the right to make reasonable adjustments to course content, trainers, or schedules where necessary, without entitling delegates to a refund. Full details of each course – including objectives, target audience, and content – are clearly outlined prior to enrolment, and it is the responsibility of the delegate to ensure suitability before booking.
There are 2 easy ways to register:
- Online: Select the training course you want to register for, Click the “Book Your Place” button on the course page, complete the form and click submit.
- E-mail: Send your details to info@oxford-management.com
We request that all cancellations be made at least one week before the class start date. You may reschedule this class without any penalty. If not, a $250 fee will be charged for cancellations received less than one week before a class begins and for no-shows. Cancellation penalties and any fees incurred by Oxford Management Centre will be deducted from refunds.
For more information request, email info@oxford-management.com or call +971 50 985 0174.
The classroom training fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation and transportation are not included in the training course fees.
While, online training fees cover the course presentation and digital documentation and relevant materials.
The Oxford Management Centre Certificate of Completion with corresponding CPE credits shall be awarded to delegates who has successfully completed the training course.
Payment must be received before the training course commences. You can make payment by bank draft, cash, credit card or wire transfer.
Note: If the payment is not received, Oxford Management Centre has the right to refuse admission.
Upon receipt of your registration form, we will send you the following by e-mail:
- Registration Confirmation
- Invoice/Receipt (where appropriate)
If you register online you will receive an e-mail within 24 hours confirming your registration.
