technip risk managementecrisponsor.org/presentations/day 2 - agenda item 2 - samson alev...subsea...

TechnipRisk Management

ECRI Meeting - London

June 11 2009

2Technip Risk Management - ECRI Presentation - June 09 - London

I. Technip Group

II. Market positioning

III. Risk management: the Technip way

Contents


I. Technip Group


Technip Today

Worldwide leader in engineering, project management and technologies, serving the oil & gas industry for more than 50 years

► A regular workforce of 23,000 in 46 countries

► Industrial assets on 5 continents, a fleet of 19 vessels (end 2010)

► 2008 revenue: €7.5 billion

Subsea

Offshore

Onshore

A long term solid partner


Worldwide Presence

Aberdeen

Paris

St. John’s

Luanda

Rio de Janeiro

Houston

Mumbai

Kuala Lumpur

Perth

Lagos

Vitória

Los Angeles

Barra do Riacho

Caracas

Dande

Lobito

Port Harcourt

BarcelonaLyon

RomeAthens

The HagueDüsseldorf

St. PetersburgEvanton

LondonNewcastle

Abu DhabiDoha

Chennai Bangkok

Singapore

JakartaBalikpapan

Shanghai

Pori

Le Trait

Bogota

New Delhi

Regional Headquarters / Operating centers

Spoolbases

Manufacturing plants (flexible pipelines)Manufacturing plants (umbilicals)Construction yard

Tanjung Langsat(operational in 2010)

Calgary

Monterrey

Oslo

Orkanger

Stavanger

Services base


Quality and HSE* at the heart of our activities

Technip is committed to provide its clients with the best value project management, products and services while protecting its employees and partners, and

the environment in which they live► Quality Policy

• Objectives: – A company culture based on the highest standards of quality and of continuous improvement– A “hands on “Quality Management system focused on operational excellence

• 5 main principles:– Focus on operational tasks– Do it right first time– Assess risks and prioritize resources accordingly– Knowledge must be shared and made accessible– Make commitments that are in line with our expertise

► Health, Safety and Environment (HSE) Policy• Our goal: create and sustain an incident-free environment delivering excellent HSE performance at

every level• 3 main focus areas:

– The maintenance of effective HSE management systems– Establishing meaningful leading and lagging indicators to measure and manage performance– Creating a climate that is intolerant of inappropriate HSE behaviors and unsafe situations

* Health, Safety & Environment


II. Market positioning


Subsea ► Products

Flexible Pipes (in house manufacturing)

Umbilicals(in house manufacturing)

Rigid Pipelines

► Services

Inspection,Repair & Maintenance

Fexible/rigid Pipelaying

Deep Water Installation& Construction

► Vertical integration► In-house technologies ► Worldwide leadership► First class Assets

► Architecture


Offshore

TPG 500 Unideck Semi-submersible Spar EDP FPSO

► Innovative capabilities► Proprietary platform design► Proven track record in engineering & construction


Onshore

► Refining & heavy oil• Clean Fuels• Grass Roots• Heavy Oil Upgraders• Hydrogen

► Gas Processing• Gas Treatment• GTL• LNG

► Petrochemicals• Ethylene• Polyolefins• Aromatics• Fertilizers

► Project management know-how ► Strong process engineering capabilities ► Proprietary technologies (Hydrogen, Ethylene…)► Solid reputation with NOCs & IOCs


A Fleet of 19 Vessels by 2010

Deep Blue Deep Pioneer Sunrise 2000 Venturer Constructor Seamec Princess Apache

Orelia Wellservicer Skandi Achiever Normand Pioneer Seamec 2 Seamec 3 Geoholm

Alliance Seamec 1

New deepwater pipelay vessel (delivery in 2010)

Current fleet: 17 vessels

Skandi VitoriaNew Brazilian deepwater pipelay vessel (delivery in 2009)

2 new vessels

Skandi Arctic


Floating LNG solutions

Processing systemCryogenic flexible pipe

FPSO Subsea services & product provider

FPSO LNG (FLNG)

Cryogenic pipe-in-pipe

A unique combination of technologies and know-how


Group OrganizationChairman and CEO

T. Pilenko

Chairman and CEO

T. Pilenko

COO

* Region A: Western Europe - Africa - India - Pakistan** Region B: Italy - Greece - Eastern Europe / Russia / ICP - South America

B. di Tullio

Product BUs

Ph. Grasset

Product BUs

Ph. Grasset

Region A*

M. Duval

Region A*

M. Duval

Region B**

N. Uccelletti

Region B**

N. Uccelletti

Asia-Pacific

E. Pushparatnam

Asia-Pacific

E. Pushparatnam

North SeaCanada

K. Boe

North SeaCanada

K. Boe

Northern America

D. Dickson

Northern America

D. Dickson

Brazil

F. Delormel

Brazil

F. Delormel

Subsea

D. de Soras

Subsea

D. de Soras

Special CommitteesEthics & Compliance S. Kandé de BeaupuySustainable Dev. A. AhmadDisclosure J. Harrison

Middle East

A. Grimaldi

Middle East

A. Grimaldi

Human Resources & Communications

A. Decressac

Human Resources & Communications

A. Decressac

CorporateRisk Management

S. Alev

CorporateRisk Management

S. Alev

General Counsel

J. Harrison

General Counsel

J. Harrison

CFO

J. Waldron

CFO

J. Waldron

New Technologies

J. Jouven

New Technologies

J. Jouven

HSE P. WattonSecurity L. Mereyde


III. Risk Management: the Technip way


Risk Management Approach

The RM is a global and integrated approach across Technip activities. It ensures that events which may impact our entities or our organisation are identified, measured and managed. It leads to:

►A continuous improvement process.

►A transversal approach across disciplines.

►An Aid to decision.

►A knowledge management process (feedback on Proposals & Projects)

An effective RM creates value


PORTFOLIORISK MANAGEMENT

Technip Risk Management Framework

PROJECT RISK MANAGEMENT

Throughout the Group

RMS toolRisk Assessment Workshop

SUBSEAActivity

ONSHOREActivity

OFFSHOREActivity

Financial risks dashboardScenario definition

Key metrics analysis

DECISIONAT GROUP LEVEL

RISK DASHBOARDUpdated on regular basis

AT PROJECT LEVEL

RISK REGISTERUpdated according to project progress

AT GROUP LEVEL AT PROJECT LEVEL


Risk Management Organization

Region

Risk owner

Proposal / Project Manager

Corporate

Risk owner …

Risk manager

Project control manager

Regional risk manager

Functions (E, P, C, legal…)

Operating centers

Transversal organization

Vert

ical

impl

emen

tatio

n

Risk owners

Group Risk Committee


RISK

At project Level – key stakeholders

Subcontractors (services)

Suppliers (goods)

Partners

Client


At project level – During Proposal Phase

Proposal start

Risk Assessment Workshop

Risk Evaluation Committee Validation of execution plan Risk Level and mitigations actions

ATTManagement guidelines on top critical risks

Handover Proposal risk register

Early Tendering MeetingValidation of overall Project Risk Level

ATCProposed mitigation measures validation

Client

Partners


Suppliers (goods)


At project level – During Execution Phase

Continuous process

Project start

Risk Assessment Workshop

Mitigation plan

Risk register updated: RMS

Review of the Risk Register

(on a regular basis)

New RisksYesNo

Significant change in the project execution and risk

profile

No Yes

Client

Partners


Suppliers (goods)


At project level - Risk Management Process

IDENTIFICATIONIDENTIFICATION EVALUATIONEVALUATION MITIGATIONMITIGATIONMANAGEMENT

During project executionMANAGEMENTDuring project execution

Severity / probabilty Risk Rating

Risk Matrix

Risk Assessment

Decision making

OU

TPU

T

STEPS

Risk level acceptable

Risk level not acceptable

TOO

L

Risk Profile

Contingencies

Decision

Technip in house tool: RMS

RISK REGISTER


At Group level - Portfolio Risk Management

►Portfolio financial risk evaluation

• Selection of representative projects from projects portfolio

• Allocation of uncertainties level on margin at completion

• Aggregation of such uncertainties to assess uncertainties attached to portfolio forecast margin

►Key metrics and guidelines

• Geography

• Exposure to third party

• LSTK exposure

• Workload, Asset availability…

Based on different level of uncertainties, scenarios at portfolio level can be built.

Those scenarios and the above key metrics can support decision making.

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