Oil & Gas Management: Risk, HSE, Legislation & Board Responsibilities

This report provides a briefing to the Board of Directors on Risk, Health, Safety, and Environment (HSE) management, relevant legislation, and associated responsibilities within the oil and gas sector. It includes a SWOT analysis of The Board and ABCEng Company, highlighting strengths, weaknesses, opportunities, and threats related to risk management and safety. The report emphasizes the role of directors in implementing HSE and risk management programs, including training needs, dates, venues, and facilitators. It addresses the importance of emphasizing risk management and safety issues, potential strengths of the company, and threats to company success, such as negligence and lack of monitoring. Relevant legislation, including the Dangerous Substance and Explosives Atmosphere Regulations 2002, Control of Substances Hazardous to Health Regulations, and Health and Safety Regulations of 1981, are discussed. The report also covers risks associated with new areas of expertise, critical questions managers should ask concerning risk management, factors that shape safety culture, and references to relevant academic literature.

OIL AND GAS MANAGEMENT
Swot Analysis of The Board and The ABCEng
Company

Introduction
Role of directors in implementing the HSE and risk management
program.
Training need
Training dates
Training venues
Training facilitators

Reasons why risk management and safety
issues need emphasis
• .
• Personal
perspective
reasons
Individual
• Business
perspective
reasons
Organizational
• Perspectives of
risk
Long and
short-terms

Potential Strengths of the Company
• Ability to automate
• Facility monopods
• Specialization and division of labour
• Risk reduction
• Planning

Opportunities for Improvement
Peste
Political
Economic
Technological
Social

Threats to Company Success
• Negligence of duties
• Complacency of managers
• Absence of close monitoring of the systems
• Lack of short-term plans

Weaknesses of management
• UK-based directors have a tendency of
negligence when it comes to responsibility
and accountability towards risks and
employees’ personal security.

Relevant Legislation
• Dangerous Substance and Explosives
Atmosphere regulations 2002
• Control of Substances Hazardous to Health
Regulations
• Health and Safety Regulations of 1981
• Personal Protective Equipment at Work
Regulations 1992

Risks Associated with the New Area of
Expertise
• Mised opportunities
• False sense of security
• High cost of operation

Critical Questions Managers Should Ask
Concerning Risk Management
• Allocation of funds
• HSE votehead
• Monitoring
• Reporting

Culture and Best Practices
• culture
• Training
• Conflict of interest

Need for Risk Management
Sales
•Operation cost
•Safety
•Accidents
•Image