WCG - Project Strategy and Risk Management Consultancy
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WCG - Project Strategy and Risk Management Consultancy

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http://westney.com/ - Westney Consulting Group improves the predictability and performance of large, complex engineering and construction projects. The firm supports executives in oil and gas, ...

http://westney.com/ - Westney Consulting Group improves the predictability and performance of large, complex engineering and construction projects. The firm supports executives in oil and gas, alternative and renewable energy, mining and minerals, and chemical manufacturing with predictability and risk assessments, strategic planning, performance transformation, and project implementation.

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WCG - Project Strategy and Risk Management Consultancy WCG - Project Strategy and Risk Management Consultancy Presentation Transcript

  • www.westney.com
    www.westney.com
    Enabling Predictability and Performance for Large Capital Projects
  • Company Profile: Westney Consulting Group …
    Diversified client base provides range of proven solutions
    Company Overview
    Client Overview
    Industry Overview
    Founded in 1978 and recognized worldwide as thought leaders in capital project strategy and risk management, Westney Consulting Group combines deep technical and execution experience with proprietary methodologies to provide an expert, independent view of a project’s predictability and risk exposure. This provides a risk-informed basis for improving predictability and performance.
    Westney clients include every type of player and stakeholder involved in large capital projects.
    These include :
    • owner/operators
    • private equity
    • venture capital and holding companies
    • project developers
    • power producers
    • deepwater drilling contractors
    • government agencies
    • engineered solution providers.
    Westney’s focus is on large, complex engineering and construction projects that carry significant risk to the financial stakeholders. These are typically in the upstream oil & gas, LNG, renewable and alternative energy, power, mining & minerals, and chemical manufacturing industries.
    The company works on a global basis and projects are often in difficult international locations.
    www.westney.com
  • Service Overview – Improving Predictability and Performance
    • Organization Due Diligence
    • Contractor Due Diligence
    • Performance Transformation
    • JV Alignment
    • Development Engineering
    • Proxy NPV Modeling
    • Sanction Readiness
    Reviews
    • Strategic Program Planning
    • Contracting Strategy
    3
    www.westney.com
  • 4
    CASE STUDIES
    www.westney.com
  • Representative Case Studies (1 of 4)
    • Project Delivery System Health Check led to development of phase-gate project development scheme, supporting work processes, improved funding decision process etc.
    • Project Due Diligence included independent risk assessments (cost, time NPV), “PDRI” readiness reviews, Sanction Readiness Reviews helped turnaround troubled projects
    • Proxy NPV Modeling provided strategic decision information for largest project ever undertaken by deepwater GOM operator
    • Project Delivery System Health Check and Capital at Risk analysis to guide post-merger organization strategy; support for subsequent implementation
    • Facilitation of enhanced country strategy in light of significant changes in host government
    • Team performance enhancement for mega-project associated with refinery upgrades
    • Development of improved processes for contracting & startup
    • Independent E&P
    • “Super-Majors”
    • National Oil Companies
    • Project Developers
    • JV/Non-Operating Partners
    • Holding Companies & Private Equity
    • Engineered Solution Providers
    • Government Agencies
    5
    www.westney.com
  • Representative Case Studies (2 of 4)
    • Leading international NOC required improved project governance in light of large portfolio and increased visibility from becoming publically traded. Provided state-of-the-art methodologies and supported implementation on major projects.
    • Executive briefings presented to large domestic NOC to facilitate organizational improvements pertaining to alignment with IOC partners.
    • Independent E&P
    • “Super-Majors”
    • National Oil Companies
    • Project Developers
    • JV/Non-Operating Partners
    • Holding Companies & Private Equity
    • Engineered Solution Providers
    • Government Agencies
    • Independent due diligence, risk assessment and execution planning provided to developer of the first commercial scale gas-to-liquids plant in USA
    • Strategic planning and development engineering assisted first of a kind commercial scale biomass demonstration facility
    • Contract strategy, execution planning, risk management and development engineering assisted developer of LNG plant
    • Independent readiness reviews for developer of floating LNG
    • Independent E&P
    • “Super-Majors”
    • National Oil Companies
    • Project Developers
    • JV/Non-Operating Partners
    • Holding Companies & Private Equity
    • Engineered Solution Providers
    • Government Agencies
    6
    www.westney.com
  • Representative Case Studies (3 of 4)
    • Independent “honest broker” risk assessment used to align partners in deepwater development on the correct development plan and technology
    • Strategic execution planning used to align NOC and IOC partners in a world-scale LNG megaproject
    • Independent risk assessment used to align partners in world-scale chemical manufacturing facility on optimal execution strategy.
    • Independent E&P
    • “Super-Majors”
    • National Oil Companies
    • Project Developers
    • JV/Non-Operating Partners
    • Holding Companies & Private Equity
    • Engineered Solution Providers
    • Government Agencies
    • Independent assessment of pipeline project cost and schedule risk exposure provided major holding company with material data for use in SEC financial reporting
    • Independent assessment of risks and execution strategy provided to private equity firm considering investment in new energy technology startup
    • Project risk management provided to chemical manufacturing developer in support of the private equity firm financing FEL
    • Independent E&P
    • “Super-Majors”
    • National Oil Companies
    • Project Developers
    • JV/Non-Operating Partners
    • Holding Companies & Private Equity
    • Engineered Solution Providers
    • Government Agencies
    7
    www.westney.com
  • Representative Case Studies (4 of 4)
    • Project Delivery System Health Check for technology-based upstream processing solution provider and facilitation of performance improvement resulted in demonstrable gains in profitability
    • Development and implementation of improved work processes assisted subsea production facilities provider in meeting challenges of very large integrated projects.
    • Supported performance transformation for subsea systems
    • Independent E&P
    • “Super-Majors”
    • National Oil Companies
    • Project Developers
    • JV/Non-Operating Partners
    • Holding Companies & Private Equity
    • Engineered Sol’n. Providers
    • Government Agencies
    • Provided State of Alaska (Department of Natural Resources) in the implementation of the Alaska Gasline Inducement Act with integrated risk assessments, proposal evaluations and oversight.
    • Supported a government-owned energy company in the development of hydropower with independent readiness reviews, risk assessments, and work process developments
    • Expert advisor to major reorganization effort of a government agency regulating offshore development
    • Independent E&P
    • “Super-Majors”
    • National Oil Companies
    • Project Developers
    • JV/Non-Operating Partners
    • Holding Companies & Private Equity
    • Engineered Solution Providers
    • Government Agencies
    8
    www.westney.com