Oil & Gas, Energy and Renewable Risk Management Survey 2017

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* 1. Are you a:

Producer

Operator

Both producer and operator

Service company

National oil company

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* 2. And in which part of the petroleum business:

Upstream

Midstream

Downstream

Involved in all of the above

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* 3. Geographic location of your HQ

Other (please specify)

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* 4. Please indicate your job title?

Compliance Analyst

Risk Analyst

Quantitative Analyst

Chief Risk Officer

Risk Manager

Risk Management Consultant

Risk Officer

Compliance Specialist

Compliance Officer

Quantitative Analyst

Assistant Vice-President

Risk Management Analyst

Risk Operations Team Manager

Project Risk Manager

CFO

CEO

Head of Risk

Director of Risk

Other

Other (please specify)

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* 5. How many employees does your company have?

<10

<50

<100

<1000

>1000

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* 6. How many risk professionals do you have in the following departments?

	0	1-5	5-10	10-15	15-20	20+
ERM	ERM 0	ERM 1-5	ERM 5-10	ERM 10-15	ERM 15-20	ERM 20+
Marketing & Finance	Marketing & Finance 0	Marketing & Finance 1-5	Marketing & Finance 5-10	Marketing & Finance 10-15	Marketing & Finance 15-20	Marketing & Finance 20+
Trade Credit	Trade Credit 0	Trade Credit 1-5	Trade Credit 5-10	Trade Credit 10-15	Trade Credit 15-20	Trade Credit 20+
Insurance	Insurance 0	Insurance 1-5	Insurance 5-10	Insurance 10-15	Insurance 15-20	Insurance 20+
Project Risk	Project Risk 0	Project Risk 1-5	Project Risk 5-10	Project Risk 10-15	Project Risk 15-20	Project Risk 20+

Other (please specify)

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* 7. How much is your risk function annual budget?

	<$10k	<$50k	<$100k	>$250k
Please select	Please select <$10k	Please select <$50k	Please select <$100k	Please select >$250k

Other (please specify)

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* 8. What will be the main area of focus for your organisation in the coming years (1-5 where 5 is a priority focus)?

	1	2	3	4	5
Cost Reduction	Cost Reduction 1	Cost Reduction 2	Cost Reduction 3	Cost Reduction 4	Cost Reduction 5
Organisational efficiency	Organisational efficiency 1	Organisational efficiency 2	Organisational efficiency 3	Organisational efficiency 4	Organisational efficiency 5
New Projects	New Projects 1	New Projects 2	New Projects 3	New Projects 4	New Projects 5
New territories / expansion	New territories / expansion 1	New territories / expansion 2	New territories / expansion 3	New territories / expansion 4	New territories / expansion 5
Exiting from territories	Exiting from territories 1	Exiting from territories 2	Exiting from territories 3	Exiting from territories 4	Exiting from territories 5
Renewable energy	Renewable energy 1	Renewable energy 2	Renewable energy 3	Renewable energy 4	Renewable energy 5

Other (please specify)

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* 9. How mature is the company in the following areas? (1-5 where 5 is very mature.)

	1	2	3	4	5
Enterprise Risk Management	Enterprise Risk Management 1	Enterprise Risk Management 2	Enterprise Risk Management 3	Enterprise Risk Management 4	Enterprise Risk Management 5
Project Risk Management	Project Risk Management 1	Project Risk Management 2	Project Risk Management 3	Project Risk Management 4	Project Risk Management 5
Financial Risk	Financial Risk 1	Financial Risk 2	Financial Risk 3	Financial Risk 4	Financial Risk 5
Operations/technical safety	Operations/technical safety 1	Operations/technical safety 2	Operations/technical safety 3	Operations/technical safety 4	Operations/technical safety 5
Business Continuity	Business Continuity 1	Business Continuity 2	Business Continuity 3	Business Continuity 4	Business Continuity 5
Insurance / self insurance / captive	Insurance / self insurance / captive 1	Insurance / self insurance / captive 2	Insurance / self insurance / captive 3	Insurance / self insurance / captive 4	Insurance / self insurance / captive 5
Supply Chain	Supply Chain 1	Supply Chain 2	Supply Chain 3	Supply Chain 4	Supply Chain 5
Security	Security 1	Security 2	Security 3	Security 4	Security 5

Other (please specify)

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* 10. What will be the main area of focus with regards to Risk Management within your organisation over the coming years (1-5 where 5 is a priority focus)?

	1	2	3	4	5
Enterprise Risk Management	Enterprise Risk Management 1	Enterprise Risk Management 2	Enterprise Risk Management 3	Enterprise Risk Management 4	Enterprise Risk Management 5
Project Risk Management	Project Risk Management 1	Project Risk Management 2	Project Risk Management 3	Project Risk Management 4	Project Risk Management 5
Financial Risk	Financial Risk 1	Financial Risk 2	Financial Risk 3	Financial Risk 4	Financial Risk 5
Operations/technical safety	Operations/technical safety 1	Operations/technical safety 2	Operations/technical safety 3	Operations/technical safety 4	Operations/technical safety 5
Business Continuity	Business Continuity 1	Business Continuity 2	Business Continuity 3	Business Continuity 4	Business Continuity 5
Insurance / self insurance / captive	Insurance / self insurance / captive 1	Insurance / self insurance / captive 2	Insurance / self insurance / captive 3	Insurance / self insurance / captive 4	Insurance / self insurance / captive 5
Supply Chain	Supply Chain 1	Supply Chain 2	Supply Chain 3	Supply Chain 4	Supply Chain 5
Security	Security 1	Security 2	Security 3	Security 4	Security 5

Other (please specify)

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* 11. Do you specifically follow or have you designed your risk management program based on any of the following standards?

ISO 31000 2009 – Risk Management Principles and Guidelines

A Risk Management Standard – IRM/Alarm/AIRMIC 2002 – developed in 2002 by the UK’s 3 main risk organisations

ISO/IEC 31010:2009 - Risk Management - Risk Assessment Techniques

COSO 2004 - Enterprise Risk Management - Integrated Framework

OCEG “Red Book” 2.0: 2009 - a Governance, Risk and Compliance Capability Model

Other