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Risk management in the oil and gas industry one of the unique aspects of the off shore oil and gas industry is the need for changes to procedures quickly based on information uncovered about the particular geological conditions encountered it may be impractical for boemre to approve all these changes in a timely enough manner. 1 health and safety in the oil gas industry author eng alejandro levy land seismic operations seiseng01gmailcom bolivia 2016 2 index unsafe act conditions management system ppe electrical safety lockout tagout walking surfacesladders scaffolds violence at work first aids fire types radiation 3 introduction 4. Risk management case study oil and gas industry page 8 of 18 the companys operations in one country are exposed to risk in multiple areas political instability and earthquake which may in turn influence instability. Jul 24 2020 by janet dailey free ebook risk management in oil and gas industry ppt controlling oil gas hazard 3 in general hazard elimination is almost impossible in many case thats why oil gas industry had been a long time considered as a high risk industry however due to its high and. Risk management case study oil and gas industry page 16 of 18 appendix commodity price description of the model the o pa s ai sour e of re e ue is the sale of the oil a d gas it produ es hould the company fail to achieve the planned annual average oil price this would have a direct impact on the co pa s re e ue