The course contains a general introduction to general risk management methodology and a variety of 
examples of how this methodology is used within well applications. The main goal of the course is to provide course participants with a basic understanding of risk management so that they can review and participate in risk management processes in their own organizations
Course content:
- General introduction to risk management
- Reliability analysis
- Quantitative risk assessment methods and statistics
- The HAZOP methodology
- Risk management in production wells – well barrier management systems
- Risk management for well construction – cost & schedule risk with focus on well cost estimation
- Risk management for well construction – technical risks
- Risk management for environmental risk – blowout risk analysis
Risk management in organizations