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Title: Risk Management In Oil And Gas Industry Ppt PDF, ePub eBook

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BOOK SUMMARY :

I thank you for inviting me here today to speak on risk management in the offshore oil and gas industry to provide some background i have been practicing teaching and doing research in system safety engineering for over 30 years. The oil and gas industry is operating in increasingly remote geographical locations and harsher environmental conditions with unconventional processes to extract hydrocarbons. Or in the oil and gas industry unforeseen dysfunctions and concatenations can cascade into a catastrophe which no one has predicted or feared many settings demonstrate the limitations inherent in a prospective analysis of risk. Usually project risks management for oil and gas industry will be centered towards upstream activities if wrong decisions were made it might cause losses of trillion or billion or millions of . Risk management case study oil and gas industry page 8 of 18 the companys operations in one country are exposed to risk in multiple areas political instability and earthquake which may in turn influence instability

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