Risk focus areas

IRF members have undertaken an ‘opportunity statement’ approach as a means of highlighting significant industry risk issues and encouraging industry to address them collectively.

Specifically, the IRF has identified three high-priority risk topics for the oil and gas industry to address (see links below), and supports the industry’s focus in developing solutions:

These high-priority risk topics are documented in individual ‘Opportunity Statements’ that identify:

• the problem
• the changes we expect to see
• the industry association(s) invited to lead the change/develop the solution
• key performance indicators

Following the outcomes/deliverables of an Opportunity Statement, IRF members follow a process to ‘close out and monitor’ the Opportunity Statement.  This allows IRF members to work on new Opportunity Statements, while still allowing an avenue to collate insights and observations on outcomes from closed Opportunity Statements annually.

Additional information on the opportunity statement initiative to support the continued reduction of key industry risks is provided in this presentation slide pack.