Risk Management

Samphire Subsea Case Study

In a mature operating environment, a good understanding of the asset risks is critical to maximising production and the supporting the efficient operation of the plant.

The proper evaluation of the risks through a structured assessment process is more critical for aging assets. The current asset configuration and condition are key inputs to the assessment and help make sure the risk is properly defined. In combination with the right team this will help ensure that the accurate categorisation of risks is completed. Risk mitigation solutions require to be carefully considered such that costs are factored into the picture while managing the risk within accepted limits.

risk

Samphire has experience across these activities and, indeed, is at the forefront of advancing the effectiveness of the process through leading JIPs and preparing RBIM guidance documents. Samphire has assisted a mid-tier operator and others to re-evaluate their assets bringing hands on experience to bear and helping provide an effective overall solution.

The work involved input from senior industry consultants and pulled from risk process development / methodology, asset configuration / operating basis, condition assessment (inc controls), inspection solutions, spares and campaign package management.

The work resulted in a significantly stream lined asset risk register with a focused mitigation basis truly aligned to risk factored for cost.

Work Screening / Evaluation Equipment Criticality Review Risk Management Caisson Investigation Study/Repairs Subsea IRM - General Subsea Support Brownfield Project Execution Work Execution Pigging Campaign Management Subsea Engineering - Single Vessel Solution Subsea Controls Obsolescence Package Management Subsea Facilities Life Extension Subsea Decommissioning Services