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Petroknowledge

An Intensive 5 Day Training Course

Risk Management in the Supply Chain
for the Oil, Gas & Petrochemicals Industry

Avoiding Shutdowns, Costly Delays and Reputational Damage

Print this Course

Code Date Venue Fee($)
MM117 10 - 14 Nov 2019 Dubai - UAE 4,950

*All fees are exclusive of VAT


Why Choose this 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 PetroKnowledge training course will highlight:


Training Objectives

What are the Goals? 

At the end of this PetroKnowledge 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
  • Continually review risk management techniques during the life of a contract

Target Audience

Who is this 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 planning, evaluation, preparation and management of tenders, specifications, awards, and contracts that cover the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities

Training Methods

How will this be presented? 

This 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 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.

Organisational Impact

The organisation will be able to plan to avoid or minimise disruption to operations which result in costly shutdowns and lost production, and to minimise the need for expensive expediting.  By looking ahead the organisation should also be able to minimise ongoing costs of production and production support, thus enhancing profitability and efficiency.

Personal Impact

Delegates will leave with a skill set that will allow them to anticipate, and then manage, risks that can lead to significant problems for their organisation.  These skills can be applied in a range of roles and environments.  Each delegate will create a personal action plan for immediate implantation.

Daily Agenda

Day One: The Supply chain 

  • Defining the Supply Chain
  • Segmenting the Oil & Gas Supply chain and Procurement
  • Defining Risk in process industries
  • Risk Assessment Process
  • Proportionality of control

Day Two: Managing and Transferring Risk 

  • Nature of contracts
  • Stakeholders in Risk
  • Risk management tools
  • Relationships and risk ownership
  • Insurance

Day Three: Contractual Risk Management 

  • Types of Contracts
  • Indemnities
  • Insurance
  • Contract breach
  • Contractual Remedies

Day Four: Dealing with Risk 

  • Ethics and Fraud
  • Financial and Economics risks
  • Political and international risk
  • Environmental risks arising from the oil and gas supply chain
  • Labour disputes and other personnel risks

Day Five: Planning for Risk Management 

  • Risk registers
  • Force Majeure
  • Disaster Recovery
  • Action planning
  • Case Studies

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


Risk Management in the Supply Chain
for the Oil, Gas & Petrochemicals Industry

Avoiding Shutdowns, Costly Delays and Reputational Damage


Code Date Venue Fees
MM117 10 - 14 Nov 2019 Dubai - UAE $4,950



Why Choose this 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 PetroKnowledge training course will highlight:


Training Objectives

What are the Goals? 

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

Target Audience

Who is this course for? 

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

Training Methods

How will this be presented? 

This 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 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.

Organisational Impact

The organisation will be able to plan to avoid or minimise disruption to operations which result in costly shutdowns and lost production, and to minimise the need for expensive expediting.  By looking ahead the organisation should also be able to minimise ongoing costs of production and production support, thus enhancing profitability and efficiency.

Personal Impact

Delegates will leave with a skill set that will allow them to anticipate, and then manage, risks that can lead to significant problems for their organisation.  These skills can be applied in a range of roles and environments.  Each delegate will create a personal action plan for immediate implantation.

Daily Agenda

Day One: The Supply chain 

Day Two: Managing and Transferring Risk 

Day Three: Contractual Risk Management 

Day Four: Dealing with Risk 

Day Five: Planning for Risk Management 

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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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