In oil and gas industries, the explosive hazards receive lots of attention to achieve a safety design of relevant facilities. As a part of the robust design for offshore structures, an explosion risk analysis is normally conducted to examine the potential hazards and the influence of them on structural members in a real explosion situation. Explosion accidents in the oil and gas industries are related to lots of parameters through complex interaction. Hence, lots of research and industrial projects have been carried out to understand physical mechanism of explosion accidents. Computational fluid dynamics-based explosion risk analysis method is frequently used to identify contributing factors and their interactions to understand such accidents. It is an effective method when modelled explosion phenomena including detailed geometrical features. This study presents a detailed review and analysis of Computational Fluid Dynamics-based explosion risk analysis that used in the offshore industries. The underlying issues of this method and current limitation are identified and analysed. This study also reviewed potential preventative measures to eliminate such limitation. Additionally, this study proposes the prospective research topic regarding computational fluid dynamics-based explosion risk analysis.