Enterprise Risk Management for Oil and Gas Companies

Why Attend

Oil and gas companies face an unusual concentration of risks: price volatility, geopolitical exposure, major accident hazards, project overruns, regulatory change and the energy transition. Managing these risks in an integrated way is essential for resilience and value.

This LLMI course applies enterprise risk management to oil and gas organisations, covering risk frameworks, risk appetite, identification and assessment of strategic, operational, financial and transition risks, scenario analysis, risk treatment, key risk indicators and reporting to boards. Participants develop a risk register and reporting approach for their organisation.

Industry case studies illustrate how leading companies manage risk across the value chain.

Course Objectives

Apply ERM frameworks in an oil and gas context

Define risk appetite and tolerances

Identify and assess strategic, operational and financial risks

Use scenario analysis for price and transition risks

Develop risk treatment plans and key risk indicators

Report risk effectively to boards and executives

Target Audience

Risk managers in energy companies

Strategy and planning professionals

Finance and treasury managers

HSE and operations managers

Internal auditors

Board and executive committee members

Course Methodology

Framework presentations

Industry case studies

Risk assessment workshops

Scenario analysis exercises

Reporting design