Oil & Gas Industry

Hunain Pervez

M. Talha Jahenzeb
Nouman Rasheed
Zahid Ali

PROJECT : ARL Up-gradation

Project
LOCATION : Morgah,
Rawalpindi, Pakistan

Risk Management
Risk Analysis

Introduction
Upstream

Exploration
Conceptual Development
Development
Production

Downstream
Refining (gas processing and
transmission)
Gas distribution
Retail
Petrochemicals

Major Risks
Major Risks to the Oil & Gas Industry

Commodity Price
Natural Disaster
Industrial Accident
Political Instability
Resource Availability

Foreign exchange, insurance risk, joint ventures,

competition, credit risk, transportation
infrastructure, general protection safety, legal
and regulatory requirement etc.

Useful Mitigations
Commodity
Price
Financial
instruments

Natural
Disaster

Industrial
Accident

Political
Instability

Resource
Availability

Crisis
management
preparation

Increased
focus on health
and safety

Review and
aid security
in region

Direct
resources to
lower risk
projects

Long-term
investment in Earthquake
R&D projects risk review
Market
events

Purchase of
insurance

Inspections
and process
assessments

Communicatio
n assessments
Emergency
response
preparation
Insurance of
property and
business

Review and
assess
exposure in
high-risk
regions

Invest in
best
available
technology

Maintain
relationships
with
government
and local
population

Ensure high
standards of
risk analysis
before
committing
resources

H-S-E Risk
Health Safety and Environmental Risks.
HSEs main concern must be eliminating
the risk of major hazard incidents in which
many workers could be killed or injured.

Fire and explosion

Loss of stability/Loss of station
Structural failure
Personal health and safety
Noise and vibration
Mechanical handling and crane operations
Personal environmental health issues

ARL Up-gradation Project

PURPOSE
Risk Management Development Program
is to bring awareness and change in
project execution teams culture &
process to systematically reduce the
likelihood that risk may occur.
It is to encourage adopting and utilizing
the Project Risk Management methods
as a tool to benefit the success of the
project.

METHODOLOGY
A Project Risk Management workshop
was introduced to project team and
further identification and assessment
methods were used to update the
Risk Register.
Projec
1st
t Status of
Name
Project:

2nd

3rd

4th

5th

6th

Risk Review Meeting for the

7th

Date
Risk
Rev:1

Date
Risk
Rev:2

Date
Risk
Rev:3

Date
Risk
Rev:4

Date
Risk
Rev:9

Date
Risk
Rev:10

Date
Risk
Rev:11

Date
Risk
Rev:12

ARU

Date
Identificatio
n

Date
Assessme
nt

Date
Planning
Response

8th

9th

10th

11th

Date
Risk
Rev:5

Date
Risk
Rev:6

Date
Risk
Rev:7

Date
Risk
Rev:8

12th

13th

14th

15th

Rating of HSE Risk

Assessment

Fishbone Diagram
For
Scaffold

For
Electrical

For
Piping

HSE
Risk
For
Mechanical

For
Building

For Civil

Fishbone of HSE Risk

Assessment

For Building

For Piping

For
Electrical

THANK
YOU !!