Project Risk Management, Oil & Gas
Drilling and Completion Risk Assessments
Risk Management (RM) is a well recognised powerful approach to address future projects uncertainties, to provide accurate CAPEX estimates and to have pro-active responses to unplanned events.
However, RM is often presented as a standard and repetitive process, disregard to projects diverse challenges leading to over-complex risk studies for simple matter or, on the contrary, scarce results for intricate issues.
Drilling & Completion projects present a high versatility of situations (from a standard onshore workover to a very challenging deep offshore exploratory campaign). Project challenges can be very different, from technical (HP/HT, application of new technologies,...) to environmental (sensitive areas, deep offshore conditions,...) or economic (market conditions,...) or strategic (partnership,...). The natural consequence is that each project requires an adequate response in terms of Risk Management.
"More than 50 quantitative risk assessments performed on 4 continents"
kwantis performed more than 50 risk assessments for Drilling & Completion projects in most of the countries where eni is operating. Every time it has been chosen the most suitable technique available, such as risk registers, risk mapping, probabilistic CAPEX/schedule estimates, fault trees, cost vs benefit analyses.. in order to maximize the added value for the project team.