Fundamentals of risk identification, assessment and management in oil and gas operations- Operational, process safety, environmental and project risks are analyzed using qualitative and quantitative methods, risk matrices and mitigation planning- Emphasis is placed on decision-making and integrating risk control within oil and gas management systems.
Bachelor Degree in Oil and Gas Engineering (144)
Hans J Pasman, Risk Analysis and Control for Industrial Processes - Gas, Oil and Chemicals, ELSEVIER, 2015
| content serial | Description |
|---|
| 1 | Introduction to risk analysis in oil and gas industry |
| 2 | Creating values by making decisions |
| 3 | Optimal returns on the allocation of human and financial resources |
| 4 | Decision analysis process and the respective roles of management and the analysis team |
| 5 | Risks and uncertainties as probability distributions and popular statistics |
| 6 | Discrete risk events in Venn diagrams, probability trees, and joint probability tables |
| 7 | 7th Week Exam |
| 8 | Craft and solve decision models |
| 9 | Evaluating the impacts of uncertainty, managing its resultant risks and planning to exploit its up-side potential |
| 10 | Decision-making process, multi-objective decision making, decision-tree analysis, decision criteria |
| 11 | Monte Carlo Simulation and Value of Information & Flexibility |
| 12 | 12th Week Exam |
| 13 | Utility Theory (as a means of rationally accounting for risk attitudes) |
| 14 | Psychological and judgmental aspects |
| 15 | Revision |
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