This one-day training course is designed to equip participants with essential knowledge and practical skills required to conduct robust risk assessments in the context of well operations. Through a combination of theoretical instruction and hands-on exercises, attendees will gain a deeper understanding of risk management techniques, learn how to avoid common pitfalls, the nuances of situational awareness skills, and explore a variety of tools that can be tailored to specific well operations scenarios.

Why Attend

By the end of the course, participants will be fully equipped to conduct thorough, objective, and effective risk assessments in their work environment, helping them to avoid missed risks and serious financial and reputational damage. Experience gained through exercises with either generic (or client specific) risk assessment tools and techniques to identify, analyse, and mitigate risks. This enables attendees to make informed decisions with confidence and clarity on risk management, ensuring the safety and success of their operations.

Course Objectives

By the end of the course, participants will:

• Understand Good Risk Assessment Practice: Learn best practices for conducting thorough and well-supported risk assessments, ensuring all potential risks are identified and mitigated.
• Evaluate Risk Assessment Tools: Understand the strengths and limitations of different tools, enabling participants to select the most appropriate methods for various situations.
• Optimizing Risk Assessment Sessions: Ideal preparation, conduct and outcome.
• Apply Knowledge Practically: Engage in group exercises and case studies to apply risk assessment techniques in real-world scenarios.

Course Agenda

The training day will be a blend of presentations, interactive discussions, group activities, and case study analysis. Questionnaire will be issued to course attendees prior to course commencement to collect feedback on Risk Assessment challenges faced and issues of concern to be addressed in the training.

One day training schedule as follows:

1. Introduction & Objectives

• Overview of the importance and timing of risk assessments (RA) in well operations
• Distinguishing between the risk assessment process and risk identification skills
• Exploring situational awareness in the context of risk assessment

2. Learning from Industry Failures

• Case studies of past industry failures and their impact on risk management practices

3. Defining Risks in Wells

• Understanding key risk concepts and definitions relevant to well operations
• Categorizing risks in the well lifecycle

4. Operator-Specific Risk Assessment Practices (Optional – Client Specific courses)

• Review of risk assessment methodologies employed by different operators
• Discussion of industry standards and best practices

5. Risk Assessment Tools

• Overview of tools and techniques used for conducting effective risk assessments.
• Hands-on demonstration of tools commonly applied in the industry.

6. Guidelines for Conducting Effective Risk Assessment Sessions

• Structuring productive RA sessions
• Key factors for engaging stakeholders and ensuring thorough evaluations.
• Ideal preparation, conduct and outcome.
• Techniques to prevent bias, effective risk facilitator skills.
• Balance, attitude and inclusivity of attendees
• Identification of critical/dominant risks
• Avoidance of unnecessary repetition
• Clarity of mitigations
• Responsibilities for live tracking of risk assessment outcome
• Translating risk assessment session to corporate risk matrix

7. Team Exercises

• Practical exercises and group discussions to apply RA skills to real-world scenarios
• Collaborative problem-solving and risk identification activities

Risk Assessment Course Content Customization for Corporate In-House Training

For in-house corporate sessions, we tailor the course content to incorporate corporate standards and processes and risk management challenges, this helps to align our training delivery with your company’s unique risks, and understanding of mitigation strategies.

Course Instructor: Colin Stuart, B.Eng., FIMechE

Over 40 years' experience worldwide as both a Drilling and Petroleum Engineer. Established Stuart Wright in 2006. Colin's experience includes working with Operators and Drilling Contractors in North Sea, USA, SE Asia and Australia.

Throughout his career, Colin has specialized in complex well design and operation including HPHT and deepwater including significant rig site experience. Colin has led numerous HPHT projects up to 20k psi and 520°F including the first ever 20k psi well. Colin has taught HPHT training courses to various operators and drilling contractors including Santos, Woodside, BP UK & Caspian Sea, Total, Bien Dong, Apache, Petronas, Transocean, Inpex and Premium Drilling.

Colin’s recent field experience includes working on complex HPHT and Managed Pressure Drilling wells in Australia and Malaysia, keeping him at the forefront of industry challenges. He is also an active global Expert Witness in loss of Well Integrity events, offering his expertise to the oil and gas industry and regulators.

Learning Level - Intermediate

Anyone involved in the risk management process within well operations and those looking to enhance their knowledge in this critical area.

Who Should Attend:

• Well Engineers
• Project Managers
• Operations Teams
• Team Leaders