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EPConsult Energies Profile

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EPConsult Energies is an independent energy consulting firm that provides a range of services to the oil, gas, and renewables sectors, including development engineering, feasibility studies, field development planning, concept selection, and project delivery. It focuses on value, optimization, risk assessment, and has a quality management system. Examples of past projects include feasibility studies for offshore oil field developments and reviews of field development plans, engineering designs, and project risks.

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Profile www.ep-consult.co.uk
Agenda EPConsult Energies overview Services S i Credentials Examples E l Tools
Overview Independent Energy Consultant Oil, Oil Gas and Renewables Specialists to the Energy Sector Focus on Value Modelling Strength Optimisation Methodology Risk Assessment Framework Q-Management System, HSE-MS, Delivery-MS g y , , y Excellent People Strong Core Values
Core Values
Services Development Engineering Feasibility Studies Field Development Planning Concept Selection Schedule, Cost & Economics Value Engineering Project Delivery Opportunity & Risk Management Project Management Business Risk & Opportunity Quality Management Project Risk & opportunity Project Controls Risk management System Project Auditing Crisis Management Delivery Management System Enterprise Risk Management Energy Optimisation HSE & Risk Assessment Availability & Reliability Asset & Operational Studies Energy Opportunities HSE Management System Failure Modes, Effects & Criticality Analysis , y y OPEX Optimisation Studies p Energy Mix Safety Case Development Fault tree Analysis Asset life management Plan Energy Audit Hazard Identification Studies Reliability, Availability & Maintainability Asset integrity & Maintenance Due Diligence Quantitative Risk Based Inspection Lifer Extension Studies Support & Development Emergency Report Reliability Centred Maintenance Abandonment & Decommissioning
Organisation Chart
Credentials Engineering Studies Risk Analysis Integrated Optimisation
Development Engineering - Examples Development Engineering Feasibility Studies Field Development Planning Concept Selection Schedule, Cost & Economics Value Engineering Project Delivery Opportunity & Risk Management Project Management Business Risk & Opportunity Quality Management Project Risk & opportunity Project Controls Risk management System Project Auditing Crisis Management Delivery Management System Enterprise Risk Management Energy Optimisation HSE & Risk Assessment Availability & Reliability Asset & Operational Studies Energy Opportunities HSE Management System Failure Modes, Effects & Criticality Analysis , y y OPEX Optimisation Studies p Energy Mix Safety Case Development Fault tree Analysis Asset life management Plan Energy Audit Hazard Identification Studies Reliability, Availability & Maintainability Asset integrity & Maintenance Due Diligence Quantitative Risk Based Inspection Lifer Extension Studies Support & Development Emergency Report Reliability Centred Maintenance Abandonment & Decommissioning
Feasibility Block 15/18A Petro-Canada
Feasibility Block 15/18A Petro-Canada PIPER SALTIRE 7 km Value of information analysis to determine the value of drilling an additional well. Performed assessment of most attractive host platform for the development p p
Field Development Plan Heritage Oil 01/01/2009 01/01/2019 01/01/2029 Reservoir zone 1 Conceptual Design Performed jet-pumps versus ESP Field Development Plan economics evaluation Development Schedule and Risks Process plant and Power plant CAPEX and OPEX optimisation considering petroleum policy, investment profile, logistics, FEED Basis of Design schedule and environment
Field B8 Oil Development Petro-Baltics
B8 Oil Field Development Petro-Baltics
B8 Oil Field Development Petro-Baltics Surface-subsurface tecno-economics evaluation of optional development scenarios Despite client focus on production jack-up, demonstrated GBS with subsea storage d d ih b as most attractive NPV option
FEED Design Review Maersk Contractors EPConsult Energies performed a FEED Design Review of the topside heavy oil processing design. EPEn prepared a report providing a number of recommendation that were mainly in the areas of technology, reliability and flexibility.
Concept Input and Review Cairn MBA Facilities
Knightsbridge Project PEER Review Members of PEER review team to evaluate readiness of the project for sanction. Issues considered included accuracy of the scope, estimate and schedule along with th h d l l ith the perceived risks.
Process and Flow Assurance Total
Nexen - Buzzard H2S Process assessment Pipeline analysis Reliability assessment
Business Risk Value Engineering ZADCO MOL riser proposed location Fender Challenged concept design and brought about i b innovative cost-effective ideas f i ff i id from value engineering study Reduced cost risk exposure by 5 million US$ after having identified and implemented mitigation measures
Value Engineering St d V l E i i Study Fourth Gas Train Project - KNPC/SK Engineering BasicFunction BasicFunction Compressgas 2 Compressgas SecondaryFunction Secondary Function SecondaryFunction Secondary Function SecondaryFunction Secondary Function SecondaryFunction Secondary Function SecondaryFunction Secondary Function Knockoutliquids Drivecompression Compressstream Preventsurge Controlnoise/vibrations 2.2 2.3 2.4 2.5 Solution 2.2.1 Solution 2.3.1 Solution 2.4.1 Solution 2.5.1 Solution KOdrum,scrubbers. 4xGT,1xvariablespeed(deeprefrig), Centrifugal. Dedicatedantisurgecontrolvalveand AcousticenclosuresforGTsandintake 1xelectricalmotor,1xturbo loopforeachstream. silencers.Compshave3sidedhoods. expander.Steamturbine(aircomp). ExhaustshaveHRSGs.Forvibhave measuresinaccordancewithKNPC measures in accordance with KNPC i i l i i i Cost Cost Cost Cost Cost 1 1 1 1 1 Eng,Tech,Ope,Maint,Risks Eng,Tech,Ope,Maint,Risks Eng,Tech,Ope,Maint,Risks Eng,Tech,Ope,Maint,Risks Eng,Tech,Ope,Maint,Risks Highreliability,highflow.Correct application. Solution 2.2.2 Solution 2.3.2 Solution 2.4.2 Solution Possibilityofdeletingcompressor Gasengine,dieselengine. Screwcompressor. AchieveantisurgecontrolinDCS. suctiondrum/scrubberwithhigh demisterspecinupstreamseparator. Cost C t Cost C t Cost C t Cost C t 0.7 1 Programmingcostonly. Eng,Tech,Ope,Maint,Risks Eng,Tech,Ope,Maint,Risks Eng,Tech,Ope,Maint,Risks Eng,Tech,Ope,Maint,Risks Possiblechangesincompressordesign Restrictedbysize. Highdischargeratio. Notfastenoughresponse.Less ontheway.Conferencesare reliable. scheduledforthis.Possiblytoolatefor thisproject,butOKfor5thtrain.API onlyallowsacertaindistance. only allows a certain distance
Availability and Reliability - Examples Development Engineering Feasibility Studies Field Development Planning Concept Selection Schedule, Cost & Economics Value Engineering Project Delivery Opportunity & Risk Management Project Management Business Risk & Opportunity Quality Management Project Risk & opportunity Project Controls Risk management System Project Auditing Crisis Management Delivery Management System Enterprise Risk Management Energy Optimisation HSE & Risk Assessment Availability & Reliability Asset & Operational Studies Energy Opportunities HSE Management System Failure Modes, Effects & Criticality Analysis , y y OPEX Optimisation Studies p Energy Mix Safety Case Development Fault tree Analysis Asset life management Plan Energy Audit Hazard Identification Studies Reliability, Availability & Maintainability Asset integrity & Maintenance Due Diligence Quantitative Risk Based Inspection Lifer Extension Studies Support & Development Emergency Report Reliability Centred Maintenance Abandonment & Decommissioning
Production Availability Study Reliance MA Project
Concept Selection Chevron Recommended favourable option on the basis of QRA, FMEA and Business Risk.
Ettrick Hot-tap Mobile North Sea
Soukhnar Refinery Production Availability SRPC Performed FEED stage system review of early and late operational phase and recommended design changes Optimised equipment, redundancy, sparing and logistical delays to meet target availability of 95%
HSE and Risk Assessment - Examples Development Engineering Feasibility Studies Field Development Planning Concept Selection Schedule, Cost & Economics Value Engineering Project Delivery Opportunity & Risk Management Project Management Business Risk & Opportunity Quality Management Project Risk & opportunity Project Controls Risk management System Project Auditing Crisis Management Delivery Management System Enterprise Risk Management Energy Optimisation HSE & Risk Assessment Availability & Reliability Asset & Operational Studies Energy Opportunities HSE Management System Failure Modes, Effects & Criticality Analysis , y y OPEX Optimisation Studies p Energy Mix Safety Case Development Fault tree Analysis Asset life management Plan Energy Audit Hazard Identification Studies Reliability, Availability & Maintainability Asset integrity & Maintenance Due Diligence Quantitative Risk Based Inspection Lifer Extension Studies Support & Development Emergency Report Reliability Centred Maintenance Abandonment & Decommissioning
Safety, Risk, Safety Risk Reliability BG/Burullus/Enppi - WDDM Phase VII Gas Plant and Pipeline HAZID QRA ESSA, HAZOP, SIL Projectiles Study
HSE and QRA Studies Shtokman Project Operations and Maintenance Studies HSE Studies Risk Assessment Studies Shtokman Field Performed detailed shipping and fishing f f assessment study, providing confidence in pipeline FEED Carried out subsea/surface gas dispersion study to assess consequences of a failure Performed construction carbon emission study to identify optimum logistics and y y p g minimise environmental footprint Performed beach valve study resulting in CAPEX savings
Burbo Bank Windfarm DONG Environmental Management Plan HSE Plans Developed environmental management plan securing minimal disturbance to the Risk Assessment environment during execution Quality Plans Developed HSE plans and associated risk assessment and risk mitigation actions leading to zero LTIs during cable installation
Pipeline QRA WAPCo
Goldeneye Project Hazards and Risk Performance of hazard identification and risk assessment for the installation, commissioning and operation phases of the project.
Safety, Risk, Integrity Galsi Pipeline Project
HIPPS Statoil Prepared safety analysis report including SIL validation for first subsea HIPPS system for HP/HT development Having completed FMEA, worked with valve manufacturer to optimise design of HIPPS valves, leading to improved SIL
Asset and Operational Studies - Examples Development Engineering Feasibility Studies Field Development Planning Concept Selection Schedule, Cost & Economics Value Engineering Project Delivery Opportunity & Risk Management Project Management Business Risk & Opportunity Quality Management Project Risk & opportunity Project Controls Risk management System Project Auditing Crisis Management Delivery Management System Enterprise Risk Management Energy Optimisation HSE & Risk Assessment Availability & Reliability Asset & Operational Studies Energy Opportunities HSE Management System Failure Modes, Effects & Criticality Analysis , y y OPEX Optimisation Studies p Energy Mix Safety Case Development Fault tree Analysis Asset life management Plan Energy Audit Hazard Identification Studies Reliability, Availability & Maintainability Asset integrity & Maintenance Due Diligence Quantitative Risk Based Inspection Lifer Extension Studies Support & Development Emergency Report Reliability Centred Maintenance Abandonment & Decommissioning
Operations Optimisation HESS Challenged maintenance activities and developed optional maintenance scheme Presented maintenance scheme with reduced OPEX without compromising safety, risk and reliability Endorsed by the HSE and is operational
Drilling Support Vessels Optimisation Aramco Challenge 22 j k jack-up rigs i operation i in ti 43 Anchor handling tug supply and safety standby vessels Drilling activity to increase by 20% in areas with increase in gas fields Single largest item in Aramcos marine budget Focus Optimise the drilling and workover support fleet in the most cost effective manner. OPEX Optimisation Enhance offshore preparedness to respond to emergencies and disasters. Develop a software to deliver optimum solution
Siri Fairway Fields OPEX Review Noreco Five producing fields with significant Noreco ownership (30-61%). Siri Facilities Installed in 1998 Siri platform is the host facility in the Fairway Provides processing, injection, gas lift and processing injection export facilities for the Fairway fields. All fields operated by DONG. Active investments in growth Active infill drilling to optimize recovery. (Siri 2008, Nini 2009, Nini East 2009) Nini East successfully developed in 2009. Field life time extension project p j EPConsult Scope Independent OPEX Review Review asset integrity management Review maintenance management Review organisational effectiveness
Being Successful create Shareholder Value progress Profitable Developments sound Business Decisions implement Risk Management perform Intelligent Engineering Engineering Studies Risk Analysis Integrated Optimisation
Tools and Methodologies
Tools Eng Studies Risk Analysis Optimization HYSYS EP-QRA EP-Risk Pipesys Lihou @Risk OLGA 2000 M. M Cad models PertMaster PIPESIM PHAST EP-RBI EP-IOF RAMP EP-CorrMatch EP-Costimator MAROS FaultTree+ SILCore SILC
Integrated Optimisation Engineering Value
CAPEX Screening
CAPEX Estimation
CAPEX Estimation E i i
Value Engineering Process
Risks Financial Health Stake holders Surface Subsurface Security Safety Sharing g Ventures Technology Asset Schedule Operational Fiscal Cost Interest rate Financial Environment IT Ex rate Market Reputation Operational Competition Contracting Sabotage Resources Knowledge Systems Partners Availability Security S it Community Government Procedures
Risk grouping Health Surface Technical Risks Environment Technology Subsurface Availability Safety Operational Asset Schedule Operational Economical Risks Cost Interest rate Financial Competition Ex rate Market Commercial Risks Fiscal Financial Contracting g Security Resources Knowledge Systems O ga sa o a s s Organisational Risks IT Procedures P d Sharing Sh i Reputation Government Security Stake holders Political Risks Community Sabotage Partners
Risk Framework PROJECT Features Environment Details - Parameters Economic Commercial Operational Risk Risk Risk Exposures - Uncertainties p Modelling - Distribution - Prob./Deter. - Analyses Sensitivity Analyses Project Risk Business Risk
Quantitative Risk Assessment
Risk management Tool
EP-Risk Register
EP-Risk Matrix
Contact Details Martin Larsen martin.larsen@ep-consult.co.uk Phone: +44 (0)20 7582 5555 Fax: +44 (0)20 7582 5533 Email: info@ep-consult.co.uk Web: www.ep-consult.co.uk Address: 7 Dryden Court, London SE11 4NH, U.K.

More Related Content

EPConsult Energies Profile

  • 2. Agenda EPConsult Energies overview Services S i Credentials Examples E l Tools
  • 3. Overview Independent Energy Consultant Oil, Oil Gas and Renewables Specialists to the Energy Sector Focus on Value Modelling Strength Optimisation Methodology Risk Assessment Framework Q-Management System, HSE-MS, Delivery-MS g y , , y Excellent People Strong Core Values
  • 5. Services Development Engineering Feasibility Studies Field Development Planning Concept Selection Schedule, Cost & Economics Value Engineering Project Delivery Opportunity & Risk Management Project Management Business Risk & Opportunity Quality Management Project Risk & opportunity Project Controls Risk management System Project Auditing Crisis Management Delivery Management System Enterprise Risk Management Energy Optimisation HSE & Risk Assessment Availability & Reliability Asset & Operational Studies Energy Opportunities HSE Management System Failure Modes, Effects & Criticality Analysis , y y OPEX Optimisation Studies p Energy Mix Safety Case Development Fault tree Analysis Asset life management Plan Energy Audit Hazard Identification Studies Reliability, Availability & Maintainability Asset integrity & Maintenance Due Diligence Quantitative Risk Based Inspection Lifer Extension Studies Support & Development Emergency Report Reliability Centred Maintenance Abandonment & Decommissioning
  • 7. Credentials Engineering Studies Risk Analysis Integrated Optimisation
  • 8. Development Engineering - Examples Development Engineering Feasibility Studies Field Development Planning Concept Selection Schedule, Cost & Economics Value Engineering Project Delivery Opportunity & Risk Management Project Management Business Risk & Opportunity Quality Management Project Risk & opportunity Project Controls Risk management System Project Auditing Crisis Management Delivery Management System Enterprise Risk Management Energy Optimisation HSE & Risk Assessment Availability & Reliability Asset & Operational Studies Energy Opportunities HSE Management System Failure Modes, Effects & Criticality Analysis , y y OPEX Optimisation Studies p Energy Mix Safety Case Development Fault tree Analysis Asset life management Plan Energy Audit Hazard Identification Studies Reliability, Availability & Maintainability Asset integrity & Maintenance Due Diligence Quantitative Risk Based Inspection Lifer Extension Studies Support & Development Emergency Report Reliability Centred Maintenance Abandonment & Decommissioning
  • 10. Feasibility Block 15/18A Petro-Canada PIPER SALTIRE 7 km Value of information analysis to determine the value of drilling an additional well. Performed assessment of most attractive host platform for the development p p
  • 11. Field Development Plan Heritage Oil 01/01/2009 01/01/2019 01/01/2029 Reservoir zone 1 Conceptual Design Performed jet-pumps versus ESP Field Development Plan economics evaluation Development Schedule and Risks Process plant and Power plant CAPEX and OPEX optimisation considering petroleum policy, investment profile, logistics, FEED Basis of Design schedule and environment
  • 12. Field B8 Oil Development Petro-Baltics
  • 13. B8 Oil Field Development Petro-Baltics
  • 14. B8 Oil Field Development Petro-Baltics Surface-subsurface tecno-economics evaluation of optional development scenarios Despite client focus on production jack-up, demonstrated GBS with subsea storage d d ih b as most attractive NPV option
  • 15. FEED Design Review Maersk Contractors EPConsult Energies performed a FEED Design Review of the topside heavy oil processing design. EPEn prepared a report providing a number of recommendation that were mainly in the areas of technology, reliability and flexibility.
  • 16. Concept Input and Review Cairn MBA Facilities
  • 17. Knightsbridge Project PEER Review Members of PEER review team to evaluate readiness of the project for sanction. Issues considered included accuracy of the scope, estimate and schedule along with th h d l l ith the perceived risks.
  • 18. Process and Flow Assurance Total
  • 19. Nexen - Buzzard H2S Process assessment Pipeline analysis Reliability assessment
  • 20. Business Risk Value Engineering ZADCO MOL riser proposed location Fender Challenged concept design and brought about i b innovative cost-effective ideas f i ff i id from value engineering study Reduced cost risk exposure by 5 million US$ after having identified and implemented mitigation measures
  • 21. Value Engineering St d V l E i i Study Fourth Gas Train Project - KNPC/SK Engineering BasicFunction BasicFunction Compressgas 2 Compressgas SecondaryFunction Secondary Function SecondaryFunction Secondary Function SecondaryFunction Secondary Function SecondaryFunction Secondary Function SecondaryFunction Secondary Function Knockoutliquids Drivecompression Compressstream Preventsurge Controlnoise/vibrations 2.2 2.3 2.4 2.5 Solution 2.2.1 Solution 2.3.1 Solution 2.4.1 Solution 2.5.1 Solution KOdrum,scrubbers. 4xGT,1xvariablespeed(deeprefrig), Centrifugal. Dedicatedantisurgecontrolvalveand AcousticenclosuresforGTsandintake 1xelectricalmotor,1xturbo loopforeachstream. silencers.Compshave3sidedhoods. expander.Steamturbine(aircomp). ExhaustshaveHRSGs.Forvibhave measuresinaccordancewithKNPC measures in accordance with KNPC i i l i i i Cost Cost Cost Cost Cost 1 1 1 1 1 Eng,Tech,Ope,Maint,Risks Eng,Tech,Ope,Maint,Risks Eng,Tech,Ope,Maint,Risks Eng,Tech,Ope,Maint,Risks Eng,Tech,Ope,Maint,Risks Highreliability,highflow.Correct application. Solution 2.2.2 Solution 2.3.2 Solution 2.4.2 Solution Possibilityofdeletingcompressor Gasengine,dieselengine. Screwcompressor. AchieveantisurgecontrolinDCS. suctiondrum/scrubberwithhigh demisterspecinupstreamseparator. Cost C t Cost C t Cost C t Cost C t 0.7 1 Programmingcostonly. Eng,Tech,Ope,Maint,Risks Eng,Tech,Ope,Maint,Risks Eng,Tech,Ope,Maint,Risks Eng,Tech,Ope,Maint,Risks Possiblechangesincompressordesign Restrictedbysize. Highdischargeratio. Notfastenoughresponse.Less ontheway.Conferencesare reliable. scheduledforthis.Possiblytoolatefor thisproject,butOKfor5thtrain.API onlyallowsacertaindistance. only allows a certain distance
  • 22. Availability and Reliability - Examples Development Engineering Feasibility Studies Field Development Planning Concept Selection Schedule, Cost & Economics Value Engineering Project Delivery Opportunity & Risk Management Project Management Business Risk & Opportunity Quality Management Project Risk & opportunity Project Controls Risk management System Project Auditing Crisis Management Delivery Management System Enterprise Risk Management Energy Optimisation HSE & Risk Assessment Availability & Reliability Asset & Operational Studies Energy Opportunities HSE Management System Failure Modes, Effects & Criticality Analysis , y y OPEX Optimisation Studies p Energy Mix Safety Case Development Fault tree Analysis Asset life management Plan Energy Audit Hazard Identification Studies Reliability, Availability & Maintainability Asset integrity & Maintenance Due Diligence Quantitative Risk Based Inspection Lifer Extension Studies Support & Development Emergency Report Reliability Centred Maintenance Abandonment & Decommissioning
  • 23. Production Availability Study Reliance MA Project
  • 24. Concept Selection Chevron Recommended favourable option on the basis of QRA, FMEA and Business Risk.
  • 26. Soukhnar Refinery Production Availability SRPC Performed FEED stage system review of early and late operational phase and recommended design changes Optimised equipment, redundancy, sparing and logistical delays to meet target availability of 95%
  • 27. HSE and Risk Assessment - Examples Development Engineering Feasibility Studies Field Development Planning Concept Selection Schedule, Cost & Economics Value Engineering Project Delivery Opportunity & Risk Management Project Management Business Risk & Opportunity Quality Management Project Risk & opportunity Project Controls Risk management System Project Auditing Crisis Management Delivery Management System Enterprise Risk Management Energy Optimisation HSE & Risk Assessment Availability & Reliability Asset & Operational Studies Energy Opportunities HSE Management System Failure Modes, Effects & Criticality Analysis , y y OPEX Optimisation Studies p Energy Mix Safety Case Development Fault tree Analysis Asset life management Plan Energy Audit Hazard Identification Studies Reliability, Availability & Maintainability Asset integrity & Maintenance Due Diligence Quantitative Risk Based Inspection Lifer Extension Studies Support & Development Emergency Report Reliability Centred Maintenance Abandonment & Decommissioning
  • 28. Safety, Risk, Safety Risk Reliability BG/Burullus/Enppi - WDDM Phase VII Gas Plant and Pipeline HAZID QRA ESSA, HAZOP, SIL Projectiles Study
  • 29. HSE and QRA Studies Shtokman Project Operations and Maintenance Studies HSE Studies Risk Assessment Studies Shtokman Field Performed detailed shipping and fishing f f assessment study, providing confidence in pipeline FEED Carried out subsea/surface gas dispersion study to assess consequences of a failure Performed construction carbon emission study to identify optimum logistics and y y p g minimise environmental footprint Performed beach valve study resulting in CAPEX savings
  • 30. Burbo Bank Windfarm DONG Environmental Management Plan HSE Plans Developed environmental management plan securing minimal disturbance to the Risk Assessment environment during execution Quality Plans Developed HSE plans and associated risk assessment and risk mitigation actions leading to zero LTIs during cable installation
  • 31. Pipeline QRA WAPCo
  • 32. Goldeneye Project Hazards and Risk Performance of hazard identification and risk assessment for the installation, commissioning and operation phases of the project.
  • 33. Safety, Risk, Integrity Galsi Pipeline Project
  • 34. HIPPS Statoil Prepared safety analysis report including SIL validation for first subsea HIPPS system for HP/HT development Having completed FMEA, worked with valve manufacturer to optimise design of HIPPS valves, leading to improved SIL
  • 35. Asset and Operational Studies - Examples Development Engineering Feasibility Studies Field Development Planning Concept Selection Schedule, Cost & Economics Value Engineering Project Delivery Opportunity & Risk Management Project Management Business Risk & Opportunity Quality Management Project Risk & opportunity Project Controls Risk management System Project Auditing Crisis Management Delivery Management System Enterprise Risk Management Energy Optimisation HSE & Risk Assessment Availability & Reliability Asset & Operational Studies Energy Opportunities HSE Management System Failure Modes, Effects & Criticality Analysis , y y OPEX Optimisation Studies p Energy Mix Safety Case Development Fault tree Analysis Asset life management Plan Energy Audit Hazard Identification Studies Reliability, Availability & Maintainability Asset integrity & Maintenance Due Diligence Quantitative Risk Based Inspection Lifer Extension Studies Support & Development Emergency Report Reliability Centred Maintenance Abandonment & Decommissioning
  • 36. Operations Optimisation HESS Challenged maintenance activities and developed optional maintenance scheme Presented maintenance scheme with reduced OPEX without compromising safety, risk and reliability Endorsed by the HSE and is operational
  • 37. Drilling Support Vessels Optimisation Aramco Challenge 22 j k jack-up rigs i operation i in ti 43 Anchor handling tug supply and safety standby vessels Drilling activity to increase by 20% in areas with increase in gas fields Single largest item in Aramcos marine budget Focus Optimise the drilling and workover support fleet in the most cost effective manner. OPEX Optimisation Enhance offshore preparedness to respond to emergencies and disasters. Develop a software to deliver optimum solution
  • 38. Siri Fairway Fields OPEX Review Noreco Five producing fields with significant Noreco ownership (30-61%). Siri Facilities Installed in 1998 Siri platform is the host facility in the Fairway Provides processing, injection, gas lift and processing injection export facilities for the Fairway fields. All fields operated by DONG. Active investments in growth Active infill drilling to optimize recovery. (Siri 2008, Nini 2009, Nini East 2009) Nini East successfully developed in 2009. Field life time extension project p j EPConsult Scope Independent OPEX Review Review asset integrity management Review maintenance management Review organisational effectiveness
  • 39. Being Successful create Shareholder Value progress Profitable Developments sound Business Decisions implement Risk Management perform Intelligent Engineering Engineering Studies Risk Analysis Integrated Optimisation
  • 41. Tools Eng Studies Risk Analysis Optimization HYSYS EP-QRA EP-Risk Pipesys Lihou @Risk OLGA 2000 M. M Cad models PertMaster PIPESIM PHAST EP-RBI EP-IOF RAMP EP-CorrMatch EP-Costimator MAROS FaultTree+ SILCore SILC
  • 42. Integrated Optimisation Engineering Value
  • 47. Risks Financial Health Stake holders Surface Subsurface Security Safety Sharing g Ventures Technology Asset Schedule Operational Fiscal Cost Interest rate Financial Environment IT Ex rate Market Reputation Operational Competition Contracting Sabotage Resources Knowledge Systems Partners Availability Security S it Community Government Procedures
  • 48. Risk grouping Health Surface Technical Risks Environment Technology Subsurface Availability Safety Operational Asset Schedule Operational Economical Risks Cost Interest rate Financial Competition Ex rate Market Commercial Risks Fiscal Financial Contracting g Security Resources Knowledge Systems O ga sa o a s s Organisational Risks IT Procedures P d Sharing Sh i Reputation Government Security Stake holders Political Risks Community Sabotage Partners
  • 49. Risk Framework PROJECT Features Environment Details - Parameters Economic Commercial Operational Risk Risk Risk Exposures - Uncertainties p Modelling - Distribution - Prob./Deter. - Analyses Sensitivity Analyses Project Risk Business Risk
  • 54. Contact Details Martin Larsen martin.larsen@ep-consult.co.uk Phone: +44 (0)20 7582 5555 Fax: +44 (0)20 7582 5533 Email: info@ep-consult.co.uk Web: www.ep-consult.co.uk Address: 7 Dryden Court, London SE11 4NH, U.K.