Abstract:

Emerging oil and gas production nations continually sought for opportunities to boost economic development while ignoring the risks that are associated with the industry especially the environmental risks that can have long lasting and detrimental effects on its citizens’ lives and livelihood. Hence, the researcher was propelled to focus its research on A critical analysis of the effectiveness of systems safety and environmental risks management policies and strategies in averting upstream disasters in the oil and gas industry – Lessons for Guyana. The overall objective of this study is to systematically review and analyse the Risk Management Frameworks adopted in the industry, with the aim to understand the effectiveness of systems safety and environmental risks management policies and strategies in averting upstream disasters and provide recommendations to the Government of Guyana. This study utilises the Systematic Review Framework to evaluate the effectiveness of risk management policies and strategies in averting upstream disasters while, taking into consideration the role corporate governance and transformational leadership plays in the adoption of those policies and strategies. Reliable and valid contemporary secondary academic sources published between the years 2010 to 2021 were used to arrive at evidence-based conclusions.

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