Performance Optimization
Risk Planning on Naval Operations
- Client
- International Oil Company
- Country
- France
- Year
- 2001
- Industry
- Construction & Transportation
- Service
- Risk Management, Operations & Asset Performance
A large oil & gas operator was planning to tow an FPSO from a Korean shipyard to its operating field in Angola. kwantis assessed the risks to support the choice of route, refueling plan and onboard operations.
The challenge
For the tow from Korea to Angola, the operator had several alternatives to weigh: the number of towing vessels, the route, the refueling strategy and the operations on board. It needed to plan the operation taking into account all the risks and opportunities of each alternative.
Our approach
A kwantis partner organized and facilitated a dedicated workshop to identify and evaluate the risks and opportunities at every stage of the operation, for all the alternatives under investigation.
The risks were then represented as variables in a probabilistic time and cost model. Each scenario, combining the number of towing vessels, the route, the refueling strategy and the onboard operations, was assigned a safety factor.
The outcome
The analysis supported the definition of the best scenario, with a sufficient safety factor and an economic optimum. The FPSO was then towed successfully and on time.
