Stakeholders urged to adopt risk management practices in Oil and Gas 

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The Institute of Risk Management Professionals in Ghana (IRMPG) has engaged stakeholders in the Oil and Gas sector to highlight the adoption of key issues in risk management practices.
This would allow the managers to focus on key issues when tackling issues in the sector.
Speaking with the media, President of the governing council of IRMPG, Joseph Kusi-Tieku, said, risk management plays a vital role in an organisation as it enables top level managers to access the issues and tackle the risk factors.
“Managers need to identify the problems and pick the one’s that will collapse the company if not solved immediately and solve them before tackling the rest,” he reaffirmed.
The President argued that, prioritization of risk exposures should be the key role of every manager in the oil and gas sector.
He made reference to the Jubilee field and said if risk management is avoided, it can lead to leakage and can destroy the sea and it’s inhabitants and cause disaster to the nation as well.
“Managers must deal with the risk exposures that would damage the company before tackling the less important issues,” he stated.
Source: Nii Aflah Sackey

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