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A strategic risk assessment approach is employed to demonstrate its utility in the evolving Indo-Pacific offshore oil and gas context. Shared objectives are defined, and common risks and vulnerabilities are identified. Massive expansions in offshore exploration and exploitation will continue in the East and South China Seas, northwest of Australia, Bay of Bengal, India’s west coast and off East Africa. The region is not well prepared to deal with major safety and security incidents typified by recent Deepwater Horizon (USA) and West Atlas (Australia) oil spills. Risk factors include man-induced failures, regulatory and maritime boundary uncertainties, increasing maritime user intensity, environmental protection concerns, law and order at sea, and armed conflict. Regional- and national-level risk mitigation and treatment considerations and options are recommended.
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- Strategic Risk Assessment: Offshore Oil and Gas Safety and Security in the Indo-Pacific
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