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Business
Risk Management for the Upstream Oil and Gas Industry |
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antium |
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Antium works with oil and gas exploration and production clients and energy underwriting clients to assess cost, manage risk and identify opportunity. |
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Field development cost,
risk and economics optimisation Achieving a
reliable, auditable and timely estimate of oilfield development cost, risk
and economics is a daunting task. Multiple concepts,
options, technologies and layouts can lead to a potential 'combinatorial
explosion' of information. A
multidisciplinary team, working against tight deadlines, on fast evolving
designs, runs the risk of misdirected effort, information overload and uncertainty. Integrating data
from diverse disciplines, each with its own culture, into a consistent body
of decision support data is a real challenge. Antium works with integrated field development teams to arrive at an optimal field development plan, taking into consideration cost, risk and economics. Antium provides: · Rigorous costing methodology · Teamworking framework for large multi-disciplinary teams of engineers. · Advanced information techniques for data collection, analysis and reporting. Clients benefit from: · Reliable, auditable and timely decision support information. · Optimisation of field concept, layout, configuration and phasing. · Risk assessment and opportunity identification · Understanding of field development economics · Reduced time and effort to perform pre-sanction projects. |
Underwriting portfolio
risk assessment and exposure control Understanding hurricane risk to a portfolio of oil and gas interests requires a specialist skill set, including: ocean engineering, energy underwriting, risk management and information management. A range of issues make hurricane portfolio exposure control a formidable task: · Wide range of asset types (platform, caisson, deepwater, pipeline, onshore, etc) · Various direct and indirect damage modes (wind, wave, current, collision, collapse, etc). · Complex policy clauses, terms and conditions. · Need to input and manage large amounts of data. Antium enables energy underwriters to: · Understand portfolio exposure to Gulf hurricane events · Assess offered business for profitability and compatibility with existing portfolio · Enable more business to be written, more safely · Achieve more effective management of RI protection programme · Estimate likely claims, and assess actual claims |
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Geof Boyd |
Copyright © Antium Ltd 2006 |
Geoffrey Boyd |
