Methodological approach to risk-assignment for joint ventures in energy industry

Abstract

The article provides guidance about risk allotment regarding to joint ventures operating in energy industry. Energy industry has been overwhelmed by risk, in compare to other branches. To diminish the chance of failure on international partnership, risk management techniques should be based on methodological principals. The paper presents outlook to risk in response to the stage of a joint project. The methodological approach is structured in accordance with risk group hierarchy received with Delphi evaluation method. Thus, joint ventures parties are allowed to complete an effective review in order to implement risk reduction actions.