RISK MANAGEMENT OF AN OILFIELD SERVICE COMPANY FOR SUSTAINABLE DEVELOPMENT AND SECURITY
The concepts of sustainable development and security of the oilfield services companies that form the peculiarities of their activities. The study identified problematic issues associated with the decline in solvency and capital investment, reducing demand for the company's services and staff turnover. Considered both internal and external risks, which play an essential role in the production process. Proposed measures for risk management of oil service companies given the specifics of these enterprises. Ignoring these factors leads to errors in the estimation of risk parameters, which may be due to low quality of initial data or their fault. For example, unique types of risk may be missing historical information or they can be interpreted differently by different specialists who, in evaluating the risk should take into account the degree of uncertainty and its impact on the results of the analysis. In complex systems threats can be integrated, and then they must be judged as a whole and not to consider each component separately, given the need for distributed evaluation of individual risks and the importance to select appropriate methods of risk assessment. Thus, risk assessment can be applied to all types of threats and different types of business activities oilfield services companies, at all stages of the life cycle with the aim of making appropriate management deci-sions.Because the stages of the life cycle are characterized by different conditions, which requires the use of different methodologies to analyze the threats. If there are multiple options for conducting business activities, the risk assessment can be carried out for alternative concepts to find a solution that will provide the balance ofpositive and negative effects from realization of threats and will strengthen the company's position in the sustainability and life safety.