Oil and gas exploration and production (E&P) activities consist of many elements including numerous investors, complicated techniques, different work categories and procedures, grade separation, and continuous operations. These elements may lead to many risks, including spills, blowouts, pollution, discharged effluents by daily drilling operations, well treatment chemicals, etc. If effective strategic measures to minimize these risks are not implemented, severe accidents may occur with a negative impact on the workers’ safety and health as well as harming the environment. For this reason, risk management is crucial to ensure that adequate measures are taken to protect workers via the implementation of Health, Safety, and Environment (HSE) standards.