Risk Treatment Strategy Study Oil Field Re-Development China

1. CNOOC / CVX - BOHAI BAY (PRC)
QHD 36 - 2 OIL FIELD RE-DEVELOPMENT
TECOP (Technical, Economic, Commercial, Organisational, Political)
Corporate Risks
R I S K T R E AT M E N T M E T H O D O L O G Y
Prepared by Angus Macleod MAPM. : conforming to ISO.IEC 31010:2009

2. Upstream Field Development - Risk Areas in Life-Cycle
for Capital Value Assurance (example only)

3. Risk Management – Business Risk Strategy
for Project Execution
Define Risk Management Business Level Strategy as below

4. Risk Management – Business Risk Tactical Strategy
for Project Execution
Define Risk Management Tactical Strategy as below

5. Risk Management – Business Risk Execution Strategy
for Project Execution
Define Risk Management Execution Strategy as below

6. Risk Management – Business Management Strategy
for Project Execution

7. Risk Management – Business Risk Response Strategy
for Project Execution

8. Risk Management – Assessment Process
for Project Execution

9. Define Project Risk Management an integral part of the Project Management Process
Proposed Risk Management Process – Introduction

10. Define Project Risk Management Process as below
Proposed Risk Management Process – Introduction

11. Identify some key elements to obtain Risk Parameters and implement the results for
Upstream Project Management Decision Making
Proposed Risk Management Process – Key Elements

12. Identified Project Risk Management Process as a Six Stage Cycle
Proposed Risk Management Process – Life Cycle

13. Identify the relationships between 6 stage Project Risk Management Process
Total Schedule Effect / Cost (+ / -) of Risk
Proposed Risk Management Process – Relationship

14. Consolidate Risks and Collect p10,p50,p90 estimates
Develop a flowchart to map the Risk Process & Methodologies
mitigation owned by
Project Function
(Subsurface, Drilling,
Facilities, Project Controls)
Proposed Risk Management Process – Flowchart

15. Methodology – Qualitative Risk Categories – Develop
Risk
Category
SupplyChain
Performance
Supply Chain
Disuption

16. Methodology – Qualitative Scoring System – Develop

17. Methodology – Qualitative Risk Scoring Index – Develop

18. and consequences
Methodology Qualitative Risk Analysis
Develop “Boston Square Matrix ” technique to model Qualitative Risk Probability / Impact
LEGEND

19. Quantative Risk Analysis
calculated ouput from
MONTE CARLO SIMULATIONS will indicate
which COST / SCHEDULE elements
contribute to contingency creation
and which RISK CATEGORIES

20. Defintion / Role of Monte Carlo Simulation Quantitative Risk Analyses

21. Establish Risk Management as a “Continuous” Management Process
Methodology Continuous Improvement Cycle

22. INSERT RISK OUTPUTS FROM WORKED EXAMPLES.
TBC
CONFIDENTI
AL ACCESS