Oil and Gas Risk Management
Oil and gas risk management is the systematic process of identifying, assessing, controlling, and monitoring risks associated with exploration, production, transportation, refining, and distribution of oil and natural gas. Its primary goals are to protect people, the environment, assets, and business operations while ensuring regulatory compliance.
Types of Risks
1. Health and Safety Risks
These include:
Fires and explosions
Gas leaks
Blowouts during drilling
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