Corporate Risk Matrix EGPC English Final PDF
Corporate Risk Matrix EGPC English Final PDF
Frequency -6
≥ 10 to < 10
-5 -5
≥ 10 to < 10
-4 -4
≥ 10 to < 10
-3 -3
≥ 10 to < 10
-2 -2
≥ 10 to < 10
-1 -1
≥ 10 to ≤ 1
Probability ≥ 0.0001% to < 0.001% ≥ 0.001% to < 0.01% ≥ 0.01% to < 0.1% ≥ 0.1% to < 1% ≥ 1% to < 10% ≥ 10% to ≤ 100%
CORPORATE RISK MATRIX Event has Event has occurred
A similar event has not A similar event has occurred at least once more than several The event likely to
A similar event has
yet occurred occurred somewhere in in ENTITIES or is likely times in ENTITIES or occur several times in
Likelihood somewhere in our our industry but not in
occurred at least Once
to occur within the has occurred once or the lifetime of the
in ENTITIES
industry ENTITIES lifetime of 10 similar twice in the lifetime of COMPANY
COMPANIES the COMPANY
• International concern.
• Potential for multiple fatalities Onsite. • Environmental impact at the global level, e.g., the unintended release
• Extensive negative attention in international media.
• > 10 lost-time injuries requiring hospital of hydrocarbons with globally widespread environmental damage. • Catastrophic damage.
• Long-term national outrage.
treatment for more than 24 hours. • Future unsatisfactory impact for a period > 5 years. • Revamping necessary to resume the
• Substantial long-term damage to relationships with key
Disastrous • Single or more than 1 Public Fatality
• Multiple exposures to a hazardous substance
• Discharge of contaminants > 100,000L in the insensitive environment
and/or > 10,000L in the sensitive environment, e.g., coral reefs, nature
operations/business (> 50% of Annual
Production/Business/Profit Plan).
stakeholders.
• Action by a government resulting in a complete and
A 1A 2A 3A 4A 5A 6A
or condition causing an emergency health reserves, rivers, canals, waterways, and close to groundwater wells.
permanent loss of license to operate.
effects that may threaten the lives of more
• Potentially severe impact on access to new areas.
than one worker.
• Environmental impact at the national level, e.g., the unintended • International public attention.
• Potential single fatality Onsite.
release of hydrocarbons with nationally widespread environmental • National & global media coverage.
• 4 to 10 lost-time injuries requiring hospital
damage. • Extensive damage. • Medium-term national outrage.
treatment for more than 24 hours.
Catastrophic • Serious injury to the public.
• Single exposure to a hazardous substance or
• Future unsatisfactory impact for more than one and up to five years.
• Discharge of contaminants >10,000: ≤100,000 liters in the insensitive
• Major change to resume • Moderate long-term Damage to relationships with key
operations/business (> 35%: ≤ 50% of Annual stakeholders. B 1B 2B 3B 4B 5B 6B
environment and/or >1,000: ≤10,000 liters in the sensitive environment, Production/Business/Profit Plan). • Action by a government resulting in partial and/or
condition causing emergency health effects
e.g., coral reefs, nature reserves, rivers, canals, waterways, and close to temporary loss of license to operate.
that may threaten the life of one worker.
groundwater wells. • Substantial regulatory enforcement action by regulators.
Level 1 - High Long-term operation at high risk is not allowed. Immediately identify risk mitigation according to the hierarchy of controls and implement risk mitigation to reduce the risk to ALARP within 30 days. In case of an extension, approval from the relevant holding company shall be obtained. Include in Risk Register for tracking. Consider advanced Risk Analysis methodologies for further Signoff by Chairman / Managing Director(s) / VP's/CEO
(Intorelable) investigation. Reporting the risk to the relevant top management within 24hrs. Notify EGPC or the relevent Holding Companies about the risk within 7 Days. (Consultation with appropriate SME required)