PROGRAM DETAILS

Introduction

With the increasing use of digital technologies in the Oil and Gas Industry, organizations face new and evolving IT risks that can impact their operations, reputation, and bottom line. This program is designed to equip participants with the knowledge and skills required to identify, assess, and mitigate IT risks specific to the Oil and Gas Industry.

Through a combination of theoretical lectures, case studies, and interactive exercises, participants will learn about the different types of IT risks that can impact the industry, such as cyber threats, data breaches, and operational technology risks. They will also gain an understanding of the regulatory requirements and industry standards that impact IT risk management in the Oil and Gas Industry and how to incorporate these into their IT risk management plans.

Participants will learn about different risk management frameworks and methodologies, such as COSO, ISO 31000, and FAIR, and how to apply them to identify, assess, and mitigate IT risks. They will also learn about the different risk mitigation options and controls that can be used to reduce IT risks in the Oil and Gas Industry, such as technical controls, administrative controls, and physical controls.

This program is suitable for IT professionals, risk managers, and decision-makers in the Oil and Gas Industry who are responsible for managing IT risks..

Learning Objectives

By the end of the program, participants will be equipped with the knowledge and skills required to develop an

• IT risk management plan and implement risk mitigation strategies to safeguard their organization against IT risks
• Understand the importance of IT risk management in the Oil and Gas Industry
• Identify and assess IT risks specific to the Oil and Gas Industry
• Implement effective risk mitigation strategies
• Build an effective IT risk management plan

Who Should Attend

This program is designed for IT managers, IT risk managers, IT security professionals, and other professionals involved in IT risk management in the Oil and Gas Industry.

Training Methodology

This program will use a combination of lectures, case studies, group discussions, and practical exercises to enhance participants’ learning experience. Participants will be encouraged to engage in active learning and share their experiences to maximize the benefits of the program.

Pre & Post-course assessments will be implemented to measure the effectiveness of the training.

Program Content

 Day 1: Introduction to IT Risk Management in the Oil and Gas Industry

• Overview of IT risks in the Oil and Gas Industry
• Regulatory requirements and standards
• Risk management frameworks and methodologies

Day 2: Risk Identification and Assessment

• Identifying and categorizing IT risks in the Oil and Gas Industry
• Risk assessment techniques
• Risk prioritization and risk tolerance

Day 3: Risk Mitigation Strategies

• Risk mitigation options and controls
• Cybersecurity controls in the Oil and Gas Industry
• Third-party risk management

Day 4: Implementing IT Risk Management

• Developing an IT risk management plan
• Incident response planning and management
• Business continuity planning

 Day 5: IT Risk Management Best Practices

• IT risk management metrics and reporting
• Emerging IT risks in the Oil and Gas Industry
• IT risk management case studies and success stories