Journal Article

Holistic security risk management strategies for E&Ps: optimizing performance by reducing surface risk

Fenner L Stewart and Anthony G Cioni

in The Journal of World Energy Law & Business

Volume 11, issue 1, pages 49-84
Published in print March 2018 | ISSN: 1754-9957
Published online January 2018 | e-ISSN: 1754-9965 | DOI: https://dx.doi.org/10.1093/jwelb/jwx041
Holistic security risk management strategies for E&Ps: optimizing performance by reducing surface risk

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Abstract

Exploration and production companies frequently partner with host countries that struggle to maintain political stability and eliminate security threats, making it difficult to develop security strategies to protect company employees and assets in country. Exploring this problem, we interview elite actors who populate germane risk management networks, providing a cross-section of perspectives as to how well upstream producers are crafting and implementing security risk management strategies. We construct a model of holistic security risk governance, and apply it to what our dataset reveals about firm performance in this area. Finally, we recommend ways in which industry-level responses can support exploration and production companies to reduce their risk and enhance their performance.

Journal Article.  22689 words.  Illustrated.

Subjects: Environment and Energy Law

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