Overview
The overall level of risk facing the oil & gas industry remains high. Marsh’s National Oil Companies Risk Index score rose from 4.49 out of a possible 6 in 2007 to 4.51 in 2008. By contrast, the Risk Management Effectiveness Index score was just 3.8.
-Marsh Oil and Gas Risk Report: 2008
Despite healthy revenues in recent years, energy companies face a growing number of business risks ranging from uncertain energy and environmental policies, to talent shortages, and supply interruptions. In years past, these risks were often managed independently, but there is a growing recognition of the value to capturing and weighing all risks across the enterprise and understanding the relationships they may have to each other and the combined impact on the business.
-Ernst & Young 2008 global oil and gas industry forecast
“It is no surprise that our survey has found that National Oil Companies are facing a riskier business environment. However, of more concern is the gap between the importance of the risk and how well it is managed.”
- Jim Pierce, Marsh’s Global Energy Practice Leader
Despite healthy revenues in recent years, energy companies face a growing number of business risks ranging from uncertain energy and environmental policies, to talent shortages, and supply interruptions.
In years past, these risks were often managed independently, but there is a growing recognition of the value to capturing and weighing all risks across the enterprise and understanding the relationships they may have to each other and the combined impact on the business.
Course Facilitator
“Excellent in all areas.”
Falah Mobarak – Manager – Legal and Audit Department KJO
The trainer is the Principal Consultant of EPConsult Ltd. He has over 18 years of experience in the oil & gas industry. He was formerly from oil & gas organizations like Shell International, Bouygues Offshore and Bureau Vertias.
One of his most recent assignment is ERM is to facilitate the Enterprise Risk Management Project for Aramco – Kuwait Oil Company/Al-Khafji Joint operations. The project consists of five business units and 25 departments.
His partial client list includes:
- Kuwait National Petroleum Company
- Aramco
- Total E&P
- Conoco-Phillips
- Qatar Petroleum
- Shell Brazil
- Petro-Canada
- Dolphin Energy
- Chevron
- British Petroleum
- Sakhalin Energy
- Technip
- Abu Dhabi National Oil Company
- Amerada Hess
- Total Oil
- Zakum Development Company
Key benefits for attending this course
- LEARN actual proven techniques of energy enterprise risk management
- DISCOVER how to plan, implement and integrate enterprise risk management into your organization
- GAIN the latest insight on advancements of enterprise risk management
- CUSTOMIZE appropriate enterprise risk management strategies to address the growing business risks concerns ranging from uncertain energy and environmental policies, to talent shortages, and supply interruptions.
- BENCHMARK your risk management system and stay ahead with the latest technology advancement
- UNDERSTAND and Avoid potential pitfalls and mistakes that are commonly made by other risk management practitioners
- UTILIZE this excellent opportunity to network with your peers and risk professionals
- GAIN clarity on risk situation surrounding the energy industry and how to engage them correctly
Who should attend this course
Target industries
Energy industry comprising:
Oil/Petroleum industry like E&P, refineries | Gas industry like natural gas and coal gas | Electrical Power industry like electricity generation and electric power distribution | Coal industry | Nuclear Power industry | Renewable Energy industries like alternative energy and sustainable energy companies.
Target Audience & Job Titles
Risk Presidents and Managers | Lead Auditors and Auditors | Advisors and Actuaries | Compliance officer | Business risk managers | Business continuity managers
