Risk Management

We provide independent, technically-led advice and management support, using experienced consultants to work individually or with clients’ teams. Whether working on business process, specific assets or portfolios, we provide high-level support across the complete E&P value chain.
Services

RPS Group is involved in risk management across a wide range of different geographical and business areas. Where appropriate we bring together multi-disciplinary teams to work on projects where a broad scope of risk management and mitigation is required. These projects may be led by project managers in any of our divisions.

The Oil and Gas Industry has used complex analysis of risk and uncertainty in its exploration for and development of hydrocarbon fields for many years. RPS Energy has proven experience gained allowing us to help our clients manage the impact of risk and uncertainty on their decision making processes. This expertise is being increasingly applied to other Energy projects, including Windfarms.

Risk & Uncertainty Management

All oil and gas projects have significant uncertainties relating to such items as Capex and Opex overruns, timing of first oil production, achievable production rates, water breakthrough and injection rates. These factors represent a significant risk to the economic viability of a project and need to be assessed, monitored and quantified within a robust risk management framework.

Utilising a unique, field-proven method combining a blend of both qualitative and quantitative methods, the experienced RPS Energy team will deliver an objective assessment, and practical action plans, to assist you in maximizing the value of your assets.

Contacts:

Europe
Peter Smith
Principal Advisor
T: +44 (0) 20 7648 4950
E: peter.smith@rpsgroup.com

Decision Risk Management

DRM™ is a structured approach to decision-making which helps to guide alternative courses of action in a rational and consistent way and is applied to strategic decision making and operational risk management. Our DRM™ consultants employ a range of tools and methods to help clients make complex decisions. Such decisions usually involve significant investment and conflicting objectives so the optimum decision needs to take account of potential costs, risks, rewards and uncertainties.

Projects we have worked on include: oil, gas and condensate field development; facilities construction/enhancement; asset integrity and refurbishment; waste management; and CO2 sequestration.

Our DRM™ service provides the following benefits: arrival at the optimum outcome, identification of a robust strategy, buy-in from stakeholders, and provision of a decision audit trail. Quantitative models can also be built which identify the decision options that optimise the selected value measures.

Decision Risk Management

Workshops and individual discussions with clients to identify key issues and business processes

Appreciation of operational risk management techniques to identify key risks

Identification of strategies to manage risk

Training of clientĂ­s personnel, and provision of ongoing support

Creation of decision audit trails

Application for a wide variety of situations, including oil, gas and condensate development projects, facilities construction and enhancement, asset integrity and refurbishment, waste management and CO2 sequestration

 

The Energy industry frequently undertakes complex projects in hostile environments. RPS Energy is a world leader in developing management systems to control and mitigate operational risk, it also undertakes its own desk and in-field studies ensuring appropriate quality.

Contacts:

Europe
Peter Smith
Principal Advisor
T: +44 (0) 20 7648 4950
E: peter.smith@rpsgroup.com