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    • Class and Course
    1. NExT
    2. Petrotechnical
    3. Risk and Reliability Engineering

    Risk and Reliability Engineering

    • Foundation
    • 5 Days
    • classroom1Classroom
      • Average client rating (based on 162 attendee reviews)

    A hands-on introduction to quantifying risk and reliability for equipment, processes, and systems across oil & gas operations. The course blends 50% theory with 50% practical work to build fluency in uncertainty management, reliability/availability modeling, and risk-based economic decision-making. Participants progress from core concepts (risk vs. reliability, deterministic vs. probabilistic thinking) to statistics for reliability, probability distributions and goodness-of-fit, Monte Carlo simulation (including correlated inputs), RAM analysis for repairable items, Bayesian data fusion, and cost/benefit trade-offs using probabilistic NPV and portfolio selection. Case exercises feature pumping systems and ESP wells, culminating in a risk-based lifecycle analysis with mitigation planning.

    Production engineers, Surface facilities Engineers, Reliability Engineers and Maintenance Engineers

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    SOLUTIONS

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    Individual

    COURSE OFFERINGS

    Petrotechnical

    Operations and Maintenance

    Energy Transition

    SLB Software

    Digital Technology

    Technical Challenges

    Health Safety and Environment (HSE)

    Business Management

    E&P Introduction and Fundamentals

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