Day 1 :RISK ANALYSIS – GENERALITIESRisk Terminology, Consequence vs Probability of Occurrence, Safety, Relative Risks for Different Activities, Risks Perception, Risks Based Technology

RISK ASSESSMENT
Severity Rating, Occurrence Rating, Detection Rating, Risk Matrix

RISK MANAGEMENT AND CONTROL
Risk Matrix, Bow-tie Diagram, Cost Effectiveness vs Risk Reduction, Fault Tree Analysis, HSE & Risk Management at Total.

Day 2 :
RISK MANAGEMENT IN THE OIL & GAS BUSINESS

Formation of Hydrocarbons/Resources, Fundamentals of E&P, A Risky Business, E&P Processes/Costs, Project Development Example, Challenges for the Industry, Price of Oil Uncertainties

Day 3 :
DECISION MAKING PROCESS

What do we mean by Project?, The Decision Making Process/Criteria, Basic Data for Investment Decision, Project Development Example, Economic Calculations/Methodology, Economic Calculations/
One Example

Day 4 :
TECHNICAL RISK MANAGEMENT- A PRACTICAL CASE

Asset Integrity, Safety Case/Integrity Barriers, Safety Management System, Safety Management Organization, Risk Matrix, Integrity Management/ Practical Examples

Day 5 :
FINANCIAL RISK MANAGEMENT

Different Manners to Mitigate the Financial Risk, Hedging/Derivatives, Black-Sholes Formula

EXAM