Risk assessment and impact on technology decisions

25 September 2018 , Rystad Energy for OG21

Risk aversion and conservatism among decision makers have been suggested to explain slow technology implementation in the petroleum industry. With the recent history in mind and the prospects of better times ahead, OG21 wanted to investigate whether established risk methodologies and how they are applied in the industry, lead to optimum technology decisions from a business as well as a societal perspective.

This included the commissioning of a study from the Rystad Energy, "Risk assessments and impact on technology decisions", based on in-depth interviews with more than 25 executives in the Norwegian petroleum industry, in-house research and results from several OG21 workshops conducted as part of this OG21-project.

This report is published here in agreement with OG21 ( https://og21.no/ ).