Introduction to Risk, Uncertainty & Risk Management
During this 1st series of risk management training participants will learn risk, uncertainties and risk management principles and where or in which industries these principles are being applied. Attendees will experience a holistic problem framing, risk analysis, results interpretation and managing risks. Participant will have the opportunity to learn about differences of risk and uncertainties, definitions of each, deterministic and probabilistic analysis with available tools and how to interpret the results.
The main goal of this risk management training will be to teach participants how to apply the critical project and risk management concepts that are required to run projects in a safe, efficient, cost-effective, and environmentally-friendly manner. By the end of the course, participants should be familiar with the key issues and principles associated with projects and risk management, as well as how to apply those learned skills. Participants will also learn how to integrate these principles in the asset or project teams to optimize the management of project and manage identified risks in order to increase the value of a project.
E. Drilling Course/Drilling Technology
3 days
Skilled
Classroom
Day 1
Definitions & Perspectives
- What is risk and hazards
- What is Uncertainty and variability
- Putting definitions into context
On the first day, we will define all the jargons and deduct it into context. There will be plenty of explanations from different perspectives based on the western (Occidental) or eastern (Oriental) views.
Introduction to Risk Management
- Overview of risk management within various industries
- Why manage risks
- Framing the Uncertainty and Variability
- Introduction to risk management
The second day will focus on applications of risk management and concepts of risk in different perspectives. There will be class discussions on real world problems of how managers and engineers perceive data will finish the day.
Day 2
Risk Management System
- Risk management process
- Levels of risk management
- Hazard Identification
- Managing Uncertainty and Variability
The third day of this course will tie together the elements covered in this course so participants will better understand how to identify, quantify, manage risk and understand the usage of qualitative and quantitative risk management tool. This will include the administration, operational, and management aspects of risk. Participants will be able to better understand how risk management is integrated into their daily routines and apply this knowledge to their job.
Risk Registers and Software as Tools
- How to identify, analyze, register and asses risk
- Risk management strategy
- Valuation or Quantification of risks
- Risk Management Tools
The fourth day of this course will focus on identifying, analyzing, registering and assessing risks. Participants will learn the use of available tools to identify, analyze, register and asses risk. Valuation or quantification of risk will also be discussed.
Day 3
Treating Risk
- Which ones to treat?
- Corporate and Regulatory Requirements
- Prevent, mitigate or both
- Risk Treatment Plan & Business Excellence
- last day of this course the participants will learn how to treat risk which is the crux of risk management system. the function and importance of risk treatment plan and business excellence. Finally the elements of business excellence as part of continuous improvement initiative in Risk Management will be covered.
Introduction to Risk, Uncertainties and Risk Management Training is set for general, since all working unit within an oil & gas operator will need to know about risk and uncertainties.
A highly experienced oil and gas professional with a strong background in drilling, well construction, and well testing, possessing extensive expertise in gas, petroleum, oilfield operations, tubing, and advanced drilling techniques. With over 15 years of industry experience across both service and operator companies, this professional has been involved in planning and drilling dozens of wells, including complex projects such as floater operations, 3D ERD wells, HPHT, and MPD environments. Their career includes collaboration with major international oil and gas companies such as Caltex, Qatar Gas, OXY, Ras Gas, Talisman, Total, Encana, and Maersk. In addition to strong field and operational experience, they also bring a solid academic background in petroleum engineering, complemented by an MBA and research experience from Texas A&M University, where they actively conducted experiments and contributed to scientific publications in the petroleum field.
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