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What is Managing Risk in Oil and Gas Projects about?

1) Managing risk is crucial for global energy projects due to their capital intensity. Effective risk management can improve returns and competitive positioning. 2) Decision and risk analysis (D&RA) tools are used to identify, quantify, and manage major project risks like reserves estimates, price forecasts, and costs/schedules. These include identifying issues, setting strategic alternatives, and evaluating uncertainties. 3) Key risks for energy projects include technical, cost, schedule, price, and pol

Author

mechanical_engineer11

Language

EN