An Interactive 5-Day Training Course
Risk Management in the Supply Chain for the Oil, Gas & Petrochemicals Industry
Refresh Your Awareness, Reduce Your Global Risks
Course Overview
The Oil, Gas & Petrochemicals Industry are 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 over run, 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, Gas & Petrochemicals Industry protect itself when the supply chain threatens to break at a weak link.
This GLOMACS training course on Risk Management in the Supply Chain for the Oil, Gas & Petrochemicals Industry 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
Training Objectives
At the end of this GLOMACS training course, you will learn 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
Who should Attend?
This GLOMACS training course on Risk Management in the Supply Chain for the Oil, Gas & Petrochemicals Industry is suitable to 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
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
Training 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
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
- Labour Disputes and other Personnel Risks
DAY 5: Planning for Risk Management
- Risk Registers
- Force Majeure
- Disaster Recovery
- Action Planning
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
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