FOREIGN EXPERIENCE OF RISK MANAGEMENT AT OIL AND GAS ENTERPRISES

This paper is devoted to the analysis of foreign experience of risk management at the oil and gas enterprises for the purpose of its usage at the enterprises functioning in the Arctic zone of the Russian Federation. Importance of sustainable development of the Arctic region in general and gas enterprises in the region in particular is defined. One of the important directions of sustainable development of the gas producing enterprises in the Arctic zone is providing the operating control system of risks. The risk management is rather new area of management in Russia where there is rather brief experience in these questions. The main production and market features of gas enterprises defining approaches to creation of risk management system in the companies are presented. The main methodical approaches to the risk management abroad and the main documents in the field of risk management are presented. The review of the main risks, methods of management and assessment, and methods of decrease in risks at the oil and gas enterprises abroad is carried out. Based on the analysis of foreign literature, the main risks, main drivers of oil and gas business development, and key indicators of risk are presented. In spite of the fact that all studied world oil and gas companies have rather developed control system of risks, their level of risk appetite often is evasion from risk. The main problems and the objective reasons interfering development of effective system of risk management at the domestic gas enterprises are established.