Risk Management in the Supply Chain for the Oil, Gas and Petrochemicals industry

Start Date End Date Venue Fees (US $)
09 Nov 2025 Dubai, UAE $ 3,900 Register

Risk Management in the Supply Chain for the Oil, Gas and Petrochemicals industry

Introduction

The oil and gas industry is subject to a wide range of risks.  These range from external factors impacting on demand such as the world economy, and the rise of competing technologies, to internal risks such as environmental compliance and project overrun, back down to the risks associated with suppliers such as availability, quality, and pricing of goods and services. Only by correctly identifying the risks in all areas of the supply chain can the oil and gas industry protect itself when the supply chain threatens to break at a weak link.

This training course will highlight:

  • Critical understanding of the internal and external risks in the Supply chain
  • Planning and risk management
  • Ability to manage risks as they arise
  • Supplier relationship and risk management
  • Examples of the use of Contractual Terms and Conditions to allocate risk

Objectives

    Upon successful completion of this course participants will be able to:

    • Provide an understanding of how risk arises along the supply chain
    • Use different methods of identifying and assessing risk
    • Review the impacts of different approaches to risk allocation
    • Implement different Contract types to transfer risks
    • Continually review risk management techniques during the life of a contract

Training Methodology

This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practice. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.

Who Should Attend?

This training course is suitable for a wide range of professionals but will greatly benefit: 

  • Supply Chain Professionals
  • Contracts, Tendering, Purchasing, Procurement, and Project personnel
  • Contract Administration, Engineering, Operational, and Maintenance personnel
  • Risk, Claims, Financial, and Audit personnel
  • And all others who are involved in the planning, evaluation, preparation, and management of tenders, specifications, awards, and contracts that cover the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities

Course Outline

Day 1: The Supply chain 

  • Defining the Supply Chain
  • Segmenting the Oil & Gas Supply chain and Procurement
  • Defining Risk in process industries
  • Risk Assessment Process
  • Proportionality of control

Day 2: Managing and Transferring Risk 

  • Nature of contracts
  • Stakeholders in Risk
  • Risk management tools
  • Relationships and risk ownership
  • Insurance

Day 3: Contractual Risk Management 

  • Types of Contracts
  • Indemnities
  • Insurance
  • Contract breach
  • Contractual Remedies

Day 4: Dealing with Risk 

  • Ethics and Fraud
  • Financial and Economics risks
  • Political and international risk
  • Environmental risks arising from the oil and gas supply chain
  • Labor disputes and other personnel risks

Day 5: Planning for Risk Management 

  • Risk registers
  • Force Majeure
  • Disaster Recovery
  • Action planning
  • Case Studies

Accreditation

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