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An Intensive 3 Day Training Course

Risk Management in the Oil & Gas Supply Chain

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Course Dates, Venues and Fees

Code Date Venue Fee($)
MM117 11 - 13 Nov 2018 Abu Dhabi - UAE $3,500

Why Choose this Training Course?

The oil and gas industry is subject to a wide range of risks.  These range from external factors impacting on demand such as the world economy, and the rise of competing technologies, to internal risks such as environmental compliance and project over run, back down to the risks associated with Suppliers such as availability, quality and pricing of goods and services. Only by correctly identifying the risks in all areas of the supply chain can the oil and gas industry protect itself when the supply chain threatens to break at a weak link.

This highly-interactive training course will help delegates to identify, categorize and manage risks along their supply chains using a variety of techniques, including planning, contracts and supplier relationship management.  Risk is often missed when seeking to improve supply chain costs, and yet a single risk can have huge implications for the organisation.

This training course will highlight:

  • Critical understanding of the internal and external risks in the Oil and Gas Supply chain
  • Planning and risk management
  • Ability to manage risks as they arise
  • Supplier relationship and risk management
  • Examples of the use of Contractual Terms and Conditions to allocate risk

Training Objectives click here

What are the Goals?

At the end of this training course, you will learn to:

  • Provide an understanding of how risk arises along the supply chain
  • Use different methods of identifying and assessing risk
  • Review the impacts of different approaches to risk allocation
  • Implement different Contract types to transfer risks
  • Develop risk assessment and management approaches that deliver value

Target Audience click here

Who is this Training Course for?

This training course is suitable to a wide range of professionals but will greatly benefit:

  • Supply Chain Professionals
  • Contracts, Tendering, Purchasing, Procurement, and Project personnel
  • Contract Administration, Engineering, Operational, and Maintenance personnel
  • Risk, Claims, Financial, and Audit personnel
  • And all others who are involved in the sourcing and management of contracts that cover the acquisition of materials and services in the oil and gas industry

Training Methods click here

How will this Training Course be Presented?

This PetroKnowledge training course will utilise a variety of proven highly interactive adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. The training course is highly interactive and will prompt delegates to reflect on their current practices and goals.  The tutor will guide and facilitate learning using a wide range of methods including direct input, discussions, case studies and exercises in groups and pairs.

Daily Agenda click here

Day One: The Oil and Gas Supply chain

Competency Description: An overview of the Oil and Gas Supply chain and how and where risk can be identified.

Key behaviours

  • Understand the Oil and Gas Supply chain
  • Identify potential risks – operational and external
  • Categorise potential risks
  • Use the Kraljic segmentation
  • Review the risk management process

Topics to be covered

  • Defining the Supply Chain
  • Segmenting the Supply chain and Procurement
  • Defining Risk
  • Risk assessment Process
  • Proportionality of control
  • SWOT and PESTLE analyses

Day Two: Managing and Transferring Risk using Contracts

Competency Description: There are many parties involved in most supply chain risks- it is important that all parties fulfill the required role, as set out in an appropriate contract.

Key behaviours

  • Determine Internal and External risks
  • Assess ability to control or mitigate risks
  • Assign risk ownership
  • Obtain appropriate risk insurance
  • Developing appropriate contracts
  • Review and control risk though the contract
  • Create appropriate incentives

Topics to be covered

  • External risks e.g. demand shock, economic factors, legislation
  • Internal risks e.g. delays, cost overruns, poor performance, environmental damage
  • Stakeholders in Risk including stockholders, suppliers, customers and the public
  • Risk management tools
  • Relationships and risk ownership
  • Nature of contracts
  • Types of Contract structure and standard forms of contract e.g. LOGIC
  • Indemnities
  • Insurance
  • Contract breach & Remedies

Day Three: Planning for and Dealing with Real Risk Management

Competency Description: The Oil and Gas industry is inherently risky, and Planning is essential for ensuring that Risks are appropriately managed.

Key behaviours

  • Identifying the types of risk
  • Considering the sources of risk
  • Controlling the financial implications
  • Delegating roles and responsibilities
  • Developing risk portfolios
  • Developing Contingency plans & Recovering from disaster
  • Learning from problems

Topics to be covered

  • Risk registers
  • Force Majeure and natural disasters
  • Disaster Recovery after an event
  • Ethics and Fraud – governmental, organizational and personal
  • Financial and Economics risks such as cashflow, availability of finance, changes in demand
  • Political and international risk
  • Environmental risks – the actual and reputational costs of events such as BP Deepwater Horizon
  • Oil and Gas Case Studies
  • Action Planning

Related Courses click here


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Home » Courses » Contracts, Purchasing & Procurement Management » Risk Management in the Oil & Gas Supply Chain
PetroKnowledge Training


Risk Management in the Oil & Gas Supply Chain


Code Date Venue Fees
MM117 11 - 13 Nov 2018 Abu Dhabi - UAE $3,500



Why Choose this Training Course?

The oil and gas industry is subject to a wide range of risks.  These range from external factors impacting on demand such as the world economy, and the rise of competing technologies, to internal risks such as environmental compliance and project over run, back down to the risks associated with Suppliers such as availability, quality and pricing of goods and services. Only by correctly identifying the risks in all areas of the supply chain can the oil and gas industry protect itself when the supply chain threatens to break at a weak link.

This highly-interactive training course will help delegates to identify, categorize and manage risks along their supply chains using a variety of techniques, including planning, contracts and supplier relationship management.  Risk is often missed when seeking to improve supply chain costs, and yet a single risk can have huge implications for the organisation.

This training course will highlight:


Training Objectives

What are the Goals?

At the end of this training course, you will learn to:

Target Audience

Who is this Training Course for?

This training course is suitable to a wide range of professionals but will greatly benefit:

Training Methods

How will this Training Course be Presented?

This PetroKnowledge training course will utilise a variety of proven highly interactive adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. The training course is highly interactive and will prompt delegates to reflect on their current practices and goals.  The tutor will guide and facilitate learning using a wide range of methods including direct input, discussions, case studies and exercises in groups and pairs.

Daily Agenda

Day One: The Oil and Gas Supply chain

Competency Description: An overview of the Oil and Gas Supply chain and how and where risk can be identified.

Key behaviours

Topics to be covered

Day Two: Managing and Transferring Risk using Contracts

Competency Description: There are many parties involved in most supply chain risks- it is important that all parties fulfill the required role, as set out in an appropriate contract.

Key behaviours

Topics to be covered

Day Three: Planning for and Dealing with Real Risk Management

Competency Description: The Oil and Gas industry is inherently risky, and Planning is essential for ensuring that Risks are appropriately managed.

Key behaviours

Topics to be covered

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© 2018. Material published by Petroknowledge shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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