Oil & Gas
Oil & Gas
Hunain Pervez
M. Talha Jahenzeb
Nouman Rasheed
Zahid Ali
Risk Management
Risk Analysis
Introduction
Upstream
Exploration
Conceptual Development
Development
Production
Downstream
Refining (gas processing and
transmission)
Gas distribution
Retail
Petrochemicals
Major Risks
Major Risks to the Oil & Gas Industry
Commodity Price
Natural Disaster
Industrial Accident
Political Instability
Resource Availability
Useful Mitigations
Commodity
Price
Financial
instruments
Natural
Disaster
Industrial
Accident
Political
Instability
Resource
Availability
Crisis
management
preparation
Increased
focus on health
and safety
Review and
aid security
in region
Direct
resources to
lower risk
projects
Long-term
investment in Earthquake
R&D projects risk review
Market
events
Purchase of
insurance
Inspections
and process
assessments
Communicatio
n assessments
Emergency
response
preparation
Insurance of
property and
business
Review and
assess
exposure in
high-risk
regions
Invest in
best
available
technology
Maintain
relationships
with
government
and local
population
Ensure high
standards of
risk analysis
before
committing
resources
H-S-E Risk
Health Safety and Environmental Risks.
HSEs main concern must be eliminating
the risk of major hazard incidents in which
many workers could be killed or injured.
METHODOLOGY
A Project Risk Management workshop
was introduced to project team and
further identification and assessment
methods were used to update the
Risk Register.
Projec
1st
t Status of
Name
Project:
2nd
3rd
4th
5th
6th
7th
Date
Risk
Rev:1
Date
Risk
Rev:2
Date
Risk
Rev:3
Date
Risk
Rev:4
Date
Risk
Rev:9
Date
Risk
Rev:10
Date
Risk
Rev:11
Date
Risk
Rev:12
ARU
Date
Identificatio
n
Date
Assessme
nt
Date
Planning
Response
8th
9th
10th
11th
Date
Risk
Rev:5
Date
Risk
Rev:6
Date
Risk
Rev:7
Date
Risk
Rev:8
12th
13th
14th
15th
Fishbone Diagram
For
Scaffold
For
Electrical
For
Piping
HSE
Risk
For
Mechanical
For
Building
For Civil
For Building
For Piping
For
Electrical
THANK
YOU !!