managing risk more ef fectively reducing time reducing ... · managing risk more ef fectively...

Managing Risk More EffectivelyReducing TimeReducing Costs

11 November 2015

© 2015 Sky Futures Partners Limited. Private and confidential

David Hunkin OBEOperations Director

v A recent member of the Scale up Club

v At $4m+, recently received the largest VC capital investment of any UAS company in Europe

v Over 9000 hours combined UAS training and operational experience

v CAA Permission for Aerial Work Since held since 2011

v Fully insured through Lloyds of London for training and operations

v Externally audited ISO 9001:2008 accredited quality management

v Using Manned Aviation standards & doctrine in the Unmanned space

v A training provider who specialises in the Government market


The British companies most likely to become technology giants to rival Facebook and Google have been unveiled in a new report, which names 58 firms that could hit £100m in revenue in the next three to five years.

What are We?


• Technology Business– Data Collection, Data Management

– R&D – Front End / Back End

What are We?



– R&D

• O&G Inspection Business– Specialists in operating in one of the most

demanding, safety conscious, cost conscious industries in the world

What are We?



– R&D



• Training Business– Sky-Futures Training Academy


– R&D



• Training Business– Sky-Futures Training Academy

• Regulatory Advisor

What are We?


People Training Equipment ExperienceProcedures

Highly Selected

CV sift

Formal Interview

Flight Test & Informal Interview

Psychometric Test

Final Interview

Intensive

Pre-Study

Ground School

1 Wk Basic Flying Training

1 Wk Int Flying Training

1 Wk Adv Flying Training

1 Wk CAMOPS

Mentor Programme

Currency Training

Annual Standards Check

Proven Reliability

Bespoke aircraft & Software system

Triple Redundancy

Operationally Proven

High Wind Capable

Min impact on SIMOPs

Helo Freight Approved

Audited

ISO 9001 Quality Management System

Safety Management System

Inspection Procedures

Reporting Procedures

FPAL Registered

CAA Approved

Extensive

9000 Flying Hours

Onshore/Offshore

Senior Offshore Inspectors

From Platform or Vessel

Oil & Gas Specialists

Global Reach

It’s Not About Drones


O&G Inspection Market Overview

• Offshore platforms, a £5Bn opportunity

• Oil, gas, onshore/offshore

• Middle East, Asia, USA, Europe

• High barriers to entry

• UAS, training, doctrine, national & commercial approvals, QA, ERM, reputation

• Client

• Conservative

• Highly safety Conscious / Risk Averse

• Slow technology adopters – “the 1st to be 2nd”

• Depressed Market


Clients & Opportunities

• Onshore/Offshore Live Flare Stack Inspection

• Topside/Splash Zone, Underdeck Inspections

• Refineries & Petrochemical

• Emergency Inspections & Disaster Management

• Vessel-Based Inspections

• Europe/Asia/Middle East/USA

UAS Insurance DiscussionLondon

11 November 2015

© 2015 Sky Futures Partners Limited. Private and confidential

David Hunkin OBEOperations Director

BACK UP



Industry Mutual Hold Harmless Scheme (IMHH)

• Established in 2002 to streamline contractual arrangements across the O&G sector and reduce costs.

• Offshore operations on the UK Continental shelf

• A contractual relationship between contractors in which they will hold one another ''harmless'' with respect to staff, property and consequential - or indirect - losses or damages.

• In the event of an accident or damage to property each company will be responsible for its own, avoiding complex litigation procedures involving claims and counter-claims

• Successful claims will be directly paid by their company's own insurers thereby speeding up the process.


Nick Rogers – CRTO Chris Blackford -COO

James Harrison - CEO

Founded in 2011 by 2 British Army Officers and a Commercial Airline Pilot


Single-Person Operations

A loss of situational awareness almost caused $30m of damage

Back

Leisure/Light Commercial User

• Internet/Hobby Drone– Cheap internet purchase (£100s)

– Mass produced

– Easy operation

– Significant flight automation

– Poor redundancy & op capabilities

• Benign operating conditions only

• Low profile activity

• Little regulatory oversight

• Minimal compliance

• Self taught

• Examples– Estate Agents

– Roofing Contractors

– Wedding Photographers

– Filming

• Purpose: Sales through imagery


What Type of User?

Operational User

• Professional Drone– B2B investment (£10,000s)

– Very high quality build

– Straightforward operation

– Flight automation generally through joysticks

– Significant redundancy & op capabilities

• Day/Night/Wind/Rain

• High profile activity

• Significant regulatory oversight

• Complete compliance

• Formal Remote Pilot Training

• Examples– High Risk Inspection – oil & gas

– Governmental users

• MoD

• Police, Fire, Ambulance, Coastguard

• Purpose: Operational Decision Making© 2015 SKY FUTURES PARTNERS LIMITED. PRIVATE AND CONFIDENTIAL

What Type of User?


A Key Risk

Budgetary pressures, or lack of knowledge, resulting in a ‘Leisure approach’ to an operational requirement

People Training Equipment ExperienceProcedures

Common Shortcomings that Increase Operational Risk

Too Many

Not selected

Enthusiastic Amateurs

Worst Case none at all

Self-Certification

Assessment v Training

Currency & Competency

Annual Standard Check

Operational or POC?

Tablet v Stick Control

Too many systems

All weather capability

IR capability

Poor redundancy

Single Person Operations

Cordon limitations

Maintenance

SMS & QMS

Claims of competency


Key Risks

•TechnicalLoss of link or loss of F8 UASLoss of GPSPoly Lithium Batteries if damaged can igniteRF Transmission Interference Operating non-intrinsically safe equipment

OperationalRecovery of the F8 UASLanding procedure for F8 UASPropeller strikeLaunching the F8 UASFlying the F8 UAS. This may involve flying over buildings, structures, masts, turbines, live flares and vents and any other vertical obstaclesAnother aircraft in areaFall of objects from heightPersons / animals /vehicles / vesselsVehicle movementOverhead WiresHelicopter DeconflictionsWork over masts/turbines/ towers/buildingsPylons/Telegraph Poles/ MastsHigh structuresOil and Gas infrastructureOperating from wet surfacesDeck operationsAerodromes/HeliportsFlare stacksUse of unsafe working platformHazardous area operationsGas release

EnvironmentalLightning strikesWork in extreme weatherWork in extremes of temperatureWorking over/near water

PersonnelHigh noise levelsEye injuryClimbing laddersInexperienced staff involvementLow light levelsFall from heightCollapse of structureSharp objects


Insurance Thoughts

•

• Most policies are aviation policies amended to the UAS market

• Some policies are ad-hoc with restrictive covenants on platform numbers, hours flown per month etc

• Renewals can be protracted as underwriters flood clients with requests for

• Platforms - type, value, serial numbers, location

• Sensors - type, value, serial numbers, location

• Spares/batteries/propellers/ battery chargers - type, value, serial numbers, location

• Remote Pilot CVs & Competency Records

• Estimated No of tasks per year, average duration, number of PAX deployed

• Opportunity for specialist UAS insurance, suggest by segment

• Inspection

• Surveying

• Filming/photography?

There is a need for specialist UAS insurance and underwriters who understand the market

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