Above Ground Risk Workshop: Identification, Evaluation and Mitigation
The 2022 AGR Workshop has been postponed to a later date. More details soon.
So, what can go wrong? How many times have you heard this expression just before a major decision is made? There are an infinite variety of upstream oil and gas projects, each having its own unique set of risks. Companies work in rapidly changing political landscapes with rapidly changing technology which present even more challenges to fully appreciating the various risks. Yet, risk management is not standardized and must be customized to the individual corporate personality and its corresponding risk tolerance.
The ability to quantify and monetize risk is subjective, and thus many times underestimated for complex international projects, leading to potentially catastrophic results. Identifying, evaluating, and managing risk for international projects is a critical step toward insuring predictable results.
AIEN’s Above Ground Risk Workshop will systematically drill down into various components of oilfield project “risk”. The discussions will then be customized as it relates to the international upstream end of the oil and gas business from cradle to grave, starting first with defining the broad scope of risks an explorer/developer/investor would need to consider before making the first financial/personnel commitment for a new country entry, all the way to a multi-billion dollar financial investment decision, and finally, the decision of whether or not to extend/renew/abandon a multi-decade host government contract. Additionally, the discussion will be expanded to the corporate level looking at techniques to address enterprise risks, along with techniques and tools to address risks at this level.
Attendees will learn how to identify and address commercial and contractual issues to help make a host government contract more sustainable and enforceable. The topics will include solid discussions on Environmental, Social, and Governance (ESG) risks as well as stakeholder engagement to ensure that messaging is present through the entire risk assessment process.
Sub-section exercises will allow attendees to practice the risk assessment and evaluation tools they have learned along the way. Attendees will then bring them all together to see how each fit in a comprehensive enterprise risk system that can be tailored to their company’s needs and risk profile. Attendees will be able to develop better mitigation plans and more accurately quantify risks, so that they will be more able to have predictable results and more successful projects.
Those who may be interested in attending AIEN’s Above Ground Risk Workshop include: energy company commercial representatives, project managers, legal advisors, contract negotiators, business development executives and analysts, government regulators, and technical staff.
Don't miss your opportunity to participate in this very informative and highly interactive program!
Tom Schmid, Attorney at Law; retired Commercial Consultant, Chevron
Eric Fry, International Oil & Gas Consultant, FI Investment
RoseAnne Franco, Partner, ERM
Scott Randall, Managing Director, Plus Alpha Risk/GBMC, LLC
Florent Rousset, Managing Director, Gaffney, Cline & Associates
Dean Slocum, Founder and President, Acorn International
David H. Sweeney, Partner, Akin Gump Strauss Hauer & Feld LLP
Continuing Education Credits
AIEN is an accredited sponsor approved by the State Bar of Texas Committee on MCLE. The number of MCLE credit hours awarded for the course are still being determined.