Considerations Regarding Environmental Aspects of Risk Management in the Oil and Gas Industry

Abstract

The current global industry depends to a large extent on oil, gas and products. Hydrocarbons form of oil and its derivatives have become the main source of energy for the majority population. Crude oil, through its many uses is very important because it is cleaner than coal and cheaper and easier to transport than natural gas. Sometimes it called "black gold" and provides nearly half of the energy used in the world. Without it, would block transportation and large industrial equipment or thermal power plants could not operate.All activities of an organization involve risks and risk management is the process of substantiating the decision, taking into account the effects of uncertainty on objectives materialize and the establishment of measures and actions needed. To have the expected effectiveness within the organization, risk management must become an integral part of the administration, politics and culture of the organization. Environmental risk management differs significantly from other types of risk management due to the fact that its particular characteristics reflecting the complexity of the environmentEnvironmental risk management is an integral part of the overall management system. Establishing detailed integration or interaction management system risk management system or environmental management systems implemented by the organization must not lead to increase resources needed for this process.Safety and environmental issues top the agenda remains in the oil and gas companies when it comes to risk management. Oil and natural gas, both extraction and transport, has a range of important risks both to workers from these activities by accidents at work are exposed to people from neighboring villages (major accident) and for the environment.This paper presents theoretical and practical considerations regarding the implementation of the concept of risk management in their activity in the oil and gas industry and emphasizes the aspects of the environmental risks of oil industry. In the first part of the paper theoretical considerations are made on risk management and risk management standard. In the second part also presents practical aspects of how risk management is implemented in the oil and gas industry.