Latest industry research report on: Global Oil & Gas Management Market 2016: Industry Research, Size, Shares, Key Trends, Demand, Growth to 2022
The oil and gas market is a highly complex market rife with risks and uncertainties. Risk management therefore plays an important role in the oil and gas industry. Producers need to adequately assess potential risks while simultaneously assessing the commercial viability of each oil and gas project. Oil and gas is a capital-incentive business, with a large asset base and highly risky environments; this acts as a major driving force for the risk management market. The companies that provide risk management services identify the major risks associated with the business and accordingly formulate effective management solutions.
The global oil and gas risk management market is growing substantially due to the rapid increase in the number of oil and gas projects around the world. The market is expected to grow in the forecast period as leading oil & gas producers are trying to minimize the environmental risk associated with oil spills.
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The key players operating in the market are Tullow Oil Plc, DNV GL AS, ABS Consulting and Intertek Group Plc. Based on the type of risk management, the market is segmented into initial risk management and residual risk management. Geographically, the market is segmented into Europe, North America, Asia Pacific and LAMEA.
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KEY MARKET SEGMENTS
MARKET BY TYPE OF RISK MANAGEMENT
MARKET BY GEOGRAPHY
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