Venezuelan oil major PDVSA has signed a contract with DNV in Houston to provide Enterprise Risk Management training.

The contract covers training for 25 PDVSA business managers for a five month period.
Last year PDVSA executive management set out its vision for establishing a new risk management culture across the entire company. Corporate wide training in state of the art risk management tools, techniques and methodologies is key to realizing this vision.

The training programme will cover nearly every aspect of modern risk management, from qualitative and quantitative risk assessments, failure modes and effects analysis, financial risk management, project risk management and political risk assessments.

"We are delighted to be presented with this opportunity to work with the management team of one of the world's largest energy companies and important OPEC member," says Iain Light, COO of DNV Consulting.