TREX-45036

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Risk Register and Action Tracking Sheet for E&P Projects

This workbook is the property of BP Exploration. It has been designed to fulfil the minimum specifica

Quick Start

Enter data in: 1. SETUP Enter risk categories & personnel. Customise the Probability-Impact G

2. REGISTER Describe and analyse project risks and opportunities3. ACTIONS Define and track actions in response to risks

The grey-tabbed worksheets contain output only

Cells like this are for typing in free text

Cells like this are also for free text, but contain useful default values

Cells like this have pull-down menus (which you can customise)

Cells like this are protected because they contain calculations

Initial Workbook SetupUse this workbook for tracking your project risks (threats and opportunities) and the actions which result.To prepare the workbook for use in your project, complete the following steps:

1. Clear the example entries from the REGISTER and ACTIONS sheets (only clear columns with yellow a2. Fill in the Project Name at the top of the REGISTER sheet.3. Customize the SETUP sheet as follows:

(a) Decide which quantifiable measures of project impact (eg Cost, Schedule, Reserves) you are going(b) In cells C14 to C20, input the total Project Cost, Duration etc.(c) In cells D14 to D20, enter the percentage of Project Cost, Duration etc. above which the impact of a(d) In cells G5 to G22, enter the "Categories" you will use to classify your risks. Give each one a short

(e) In cells M5 to M54, list the project personnel (or job positions) who will play a formal role in the risk(f) For each person, indicate whether they can: (i) Own, Accept or Update risks in the Register, (ii) be(g) If you wish, you can change the titles and definitions in the olive cells to match your lo

Inputs and OutputsEnter and analyse your risks in the REGISTER sheet. The "Data Check" column will show "Error!" when t

Tip: When analysing risks as a team, it may be useful to give each team member a print out of the ReferTo enter an action, type the risk number into column A in the ACTIONS sheet, then enter the action detail

Outputs are as follows:

(a) "Pre-PIG" and "Post-PIG" matrices show the Probability-Impact grid before and after risk response.(b) "Boston Square" or "Risk Manageability Matrix".

Each matrix can be toggled between 9 and 20/30 risks-per-cell using the "Expand" and "Shrink" maIf a matrix cell has more risks than spaces, the number of risks not shown will appear in the bottomThe matrices will show only risks from categories for which "Show?" is set to "yes" in column I on th

(c) Charts - a simple breakdown of risks and actions(d) "Print" Summary. This is a fixed-format summary of the full Register worksheet, suitable for printing

ProtectionThe workbook is protected against inadvertent changes, but can be unprotected using Tools->Protection-The AutoFilter buttons at the top of the columns in the REGISTER and ACTIONS sheets won't work wh

Simplifying & Customizing the RegisterMost risk management processes don't require an entry in every column of the REGISTER and A

You can hide optional columns using the Group (-) buttons at the top of each sheet. Clear the conteYou can also hide sheets you are not using (eg. the "Boston" or "Post-PIG" sheets).

You can enlarge matrix cells as follows: Tools->Protection->Unprotect Sheet, select cell columns, Format

To avoid empty columns on the "Print" report, use the Tools-Protection-Unprotect Sheet command, and h

Importing data from Common Process on-Line (CPoL)If you prefer to manage you risks within CPoL, you can still use this workbook to produce Risk Matrix out

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Feedback on this workbook and requests for enhancements are always welcome

Facilitating a Risk Management Meeting

Initiate

Get familiar with the tool (eg. Risk Register) you are going to use to record the session. Plan the session by dividing it into distinct sections (Identification; Analysis; Response) Consider adding a section on Opportunities.At the start of the session, explain to the team:

o The deliverable (eg. a Register populated with identified and analysed risks)o The scope of the risks (eg. drilling, D&C, wells, project, technical, HSE etc.)o How much time youve got, and how it will be sub-divided

Consider appointing a time-keeper.Identify If you have written inputs (eg. a risk register from a similar project), choose your moment Use a combination of techniques, eg:

o Start with five minutes for individuals to write down riskso Brainstorm risk headings (eg. rig, personnel, well planning, operations, security etc).o Work through headings in turn.

Help the team define events, not outcomeso Risk event template: Event X may happen, causing an impact on Y.o Bad risk: Completion cost overruno Good risk: Inadequate completion cost estimate causes cost overrun

Dont let the team get sidetracked into analysis or response.Assess

If you havent done it already, agree cost and schedule impact levels with the team Clarify the risk acceptability criteria with the team (eg. Risks rated or

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Are you planning to reduce the probability, the impact, or both ?

Will the reduction be a little (one square) or a lot (two squares) ?

ControlAgree how the team will keep the risk register up-to-date between meetings.Agree the date, subject and attendance for your next meeting. Make the risks visible put them on a poster and put it on the wall.Learn Make a note of:

o what worked and what didnto what were the sticking pointso people who should have been present and werent, and vice versao things you could have done before the session to better prepare yourself or the team.

If youve got something to share about your process, share it with Hugh Williamson, D&C

For a synopsis of Risk Management best practice as it applies to wells projects, go to the

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Version 8.04

ions of the Risk Management Guidelines for Major Projects

id

nd blue headers)

to use, and enter these in cells A14 to A20.

risk will be defined as "Very High".bbreviation and indicate whether you want to show these risks on the matrices.

anagement process. Put their initials in the "Abbrev." column.esponsible for carrying out or providing assurance on actions.al definitions.

he REGISTER entries don't correspond to the entries in the SETUP sheet.

nce Sheets.

cro buttons.right space.e SETUP sheet.

.

>Unprotect Sheet. Be sure to re-protect the sheet when you have finished your edits.ile the sheets are protected : unprotect, then filter, then re-protect.

TIONS sheets.

nts of each column before you hide it.

->Column->Width. The default column width is 10.

ide any unused columns.

uts. Instructions are on the "From CPoL" worksheet.
http://global.bpweb.bp.com/http://global.bpweb.bp.com/

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: Hugh Williamson, EPTG Sunbury

for introducing them carefully you want to stimulate, not stifle, the discussion.

after response cannot be accepted by the team and must be escalated).

works.

ulting in a given impact

hich reduce the risk in different ways (probability, impact, contingency etc)
mailto:[email protected]?subject=Generic%20Risk%20Registermailto:[email protected]?subject=Generic%20Risk%20Register

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Risk Management Specialist.

D&C Risk Management website
http://upstream.bpweb.bp.com/ept/content/page.asp?id=1836http://upstream.bpweb.bp.com/ept/content/page.asp?id=1836

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Risk Register for Project: Macondo

R/O

no.

Data

Check

Risk

orO .

Category Risk/Opportunity Name Event Descriptio

1 OK T NDS Well ControlPotential well control problem: ris

2 OK T NDS Complex overburden Multiple shallow water flow units

3 OK T NDS PP/FG uncertainty

Drilling into pressure ramps unexproper mud weight or shoe test closs, and stuck pipe which lead

4 OK T NDS Wellbore stabilityDrilling through any salt/sedimenencounter problems with shales the well bore

5 OK T NDS Tight hole, stuck pipeOffset well (Rigel) encountered pat 8900'.

6 OK T NDSMass Transport Deposits(MTD)

Can be shallow water flow units wabout 500 ft in deepwater settingpressured. May have quite variaideal strata to set casing shoe. depth of csg shoes with respect identified geophysically and in of

7 OK T NDS Reduced wireline programLoss of data or limited data colle

8 OK T NDS Lost CirculationLost circulation indentified in thecost.

9 OK T NDS Narrow PPFG window

Isabela had a narrow PPFG windweight and hole conditions are nwell may begin to experience suformation or the well may flow ba

11 OK T NDS HurricaneHurricanes and storms often excrig must unlatch and move to saf

General

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Risk Action Tracking for Project: Macondo

R/O

no.

Risk

or

Opp.

Category Risk Name Description

Risk / Opportunity

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Pre-Response Probability-Impact Grid for: Macondo

NDS.14 Shallow

water/gas flows

NDS.15 Lost drill

center/respud

Plan.18 BOP

Issue

Plan.21 Annular

Pressure Build-up

NDS.2 Complex

overburden

NDS.5 Tight hole,

stuck pipe

Plan.20 Shock &

Vibration

NDS.1 Well

Control

NDS.3 PP/FG

uncertainty

NDS.7 Reduced

wireline program

NDS.17 Shallow

depletion

Plan.23

Expandable

Issues

NDS.9 Narrow

PPFG windowNDS.11 Hurrican

Plan.22

Compaction

NDS.4 Wellbore

stability

NDS.6 Mass

Transport

Deposits (MTD)

NDS.8 Lost

Circulation

NDS.16 Gumbo

Attack

NDS.13 Hydrate

buildup on

wellhead /

connector

S Very Low Low Moderate

Frequency / Probability

V. High Risk must be reduced or eliminated. High

Mod. ALARP: Reduce risk where cost-beneficial. V. Low

VeryHig

High

Medium

Low

ImpactLevel

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Boston Square: Macondo Date

NDS.11 HurricaneNDS.12 Loop and

Eddy currents

Plan.18 BOP

Issue

Plan.21 Annular

Pressure Build-upNDS.1 Well

Control

NDS.3 PP/FG

uncertainty

NDS.9 Narrow

PPFG window

NDS.14 Shallow

water/gas flows

NDS.2 Complex

overburden

NDS.5 Tight hole,

stuck pipe

Plan.23

Expandable

Issues

NDS.7 Reduced

wireline program

NDS.16 Gumbo

Attack

NDS.8 Lost

Circulation

NDS.17 Shallow

depletion

Plan.20 Shock &

Vibration

Plan.22

Compaction

NDS.4 Wellbore

stability

NDS.6 Mass

Transport

Deposits (MTD)

NDS.13 Hydratebuildup on

wellhead /

connector

S Low Medium High

Manageability

V.Low

.

Low

Mod.

H

igh

(Pre-Response)RiskRating

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Post-Response Probability-Impact Grid for: Macondo

NDS.15 Lost drill

center/respud

NDS.14 Shallow

water/gas flows

Plan.18 BOP

Issue

Plan.21 Annular

Pressure Build-up

NDS.2 Complex

overburden

Plan.20 Shock &

Vibration

NDS.3 PP/FG

uncertainty

NDS.5 Tight hole,

stuck pipe

Plan.23

Expandable

Issues

NDS.1 Well

Control

NDS.9 Narrow

PPFG window

NDS.12 Loop and

Eddy currents

NDS.17 Shallow

depletion

NDS.11

Hurricane

NDS.6 Mass

Transport

Deposits (MTD)

NDS.13 Hydrate

buildup on

wellhead /

connector

NDS.16 Gumbo

Attack

S Very Low Low Moderate

Frequency / Probability

V. High Work cannot proceed. High Obta

Mod. Review within team before proceeding. V. Low Man

VeryHig

High

Medium

Low

ImpactLevel

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Risk* Summary for: Macondo Date 12-Apr-13

* includes opportunties

4

7

6

0

0

4

8

10

0

0

0 5 10 15

V. Low

Low

Mod.

High

V. High

No. of Risks* by RatingPre-Response

Post-Response

0 2 4 6 8 10 12 14

Chuck Bondurant

Donald Charles

Binh Van Nguyen

Chris Casler

Tomieka Searcy

Pierre Depret

Mark Hafle

Jonathan Bellow

Bobby Bodek

Jasper Peijs

David Sims

George Gray

Craig Scherschel

Team

Marty Albertin

Trent Fleece

Gabe Wilson

Risk* Ownership and ActionsRisks Owned

Actions

0 5 10 15 20

Active

Dormant

Accepted

Closed

No. of Risks* by Status

0 5 10 15 20

HSSEPlanning

SidetrackingSalt Interval

Salt ExitSub Salt

CoringEvaluation

PPFGWeather/Loop

Csg & CmtngWell Control

Rig EquipmentDWOP

BHA/DH EquipInitial Ops

Well Exit OpsNDS

No. of Risks* by Category

0 0.5 1

Country & Reg.

Market & Comm.

H, S & E

Tech. Challenge

Defn. & Complexity

Oper'ty & Ramp-up

No. of Risks* by Category

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Risk Register for Project: Macondo Date: 20-Jun-09

Risk#

Risk/Opport.

Category Risk Name Event Description / Impact

Owner

RiskStatus

Actions

1 T NDS Well ControlPotential well control problem: risk of losing the wellbore inan uncontrolled situation

MH Accptd 0

2 T NDS Complex overburden Multiple shallow water flow units, faults & potential gas. CS Accptd 0

3 T NDS PP/FG uncertainty

Drilling into pressure ramps unexpectedly or without propermud weight or shoe test can cause a kick, fluid loss, andstuck pipe which lead to possible loss of hole section and/orwell. Kicks identified in the offsets.

MA Accptd 0

4 T NDS Wellbore stabilityDrilling through any salt/sediment interface may encounterproblems with shales sloughing/slumping into the well bore

MH Dorm. 0

5 T NDS Tight hole, stuck pipeOffset well (Rigel) encountered problems with stuck pipe at8900'.

MH Accptd 0

6 T NDS Mass Transport Deposits (MTD)

Can be shallow water flow units when buried deeper thanabout 500 ft in deepwater settings, may be over pressured.May have quite variable soil properties. Not ideal strata to

set casing shoe. Evaluate the setting depth of csg shoeswith respect to the depth of MTDs identified geophysicallyand in offset wells. Have pump and dump mud ready to killSWF while drilling riserless.

BVN Accptd 0

7 T NDS Reduced wireline programLoss of data or limited data collection as a result of wellproblems or borehole environmental conditions.

T Accptd 0

8 T NDS Lost CirculationLost circulation indentified in the offsets. Risk to time andcost.

MH Active 0

9 T NDS Narrow PPFG window

Isabela had a narrow PPFG windows (Miocene): if mudweight and hole conditions are not monitored carefully thewell may begin to experience substantial losses to theformation or the well may flow back

MA Accptd 0

10

11 T NDS HurricaneHurricanes and storms often exceed tolerances, and the rigmust unlatch and move to safer conditions.

T Accptd 0

12 T NDS Loop and Eddy currentsLoop and eddy conditions occur almost throughout the yearin many GoM deep water areas. Delays caused by highcurrent velocities can be very costly.

T Accptd 0

13 T NDSHydrate buildup on wellhead /connector

Potential for hydrate buildup around connectors preventingunlatching.

MH Accptd 0

14 T NDS Shallow water/gas flowsUncontrolled shallow water and gas flows prior to riserinstallation could undermine and crater the drill center. Seecomplex overburden

MH Accptd 0

15 T NDS Lost drill center/respudWellhead Subsidence, stuck pipe, surface fracture, TOSrubble zone: potential risk for collapse/squeezing of allconductors

MH Accptd 0

16 T NDS Gumbo Attack Gumbo due to pump and dump. MH Accptd 0

17 T NDS Shallow depletion Evaluate potential for depleted zones. MA Accptd 0

18 T Planning BOP Issue Potential for the BOP stack to cause NPT on the well. TF Accptd 0

19 T Planning Zonal Isolation Risk of a good cement job on the 9-7/8 Production String MH Active 0

20 T Planning Shock & Vibration Risk of down hole tool failures due to shock and vibration. MH Accptd 0

Risk Description

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21 T PlanningAnnular Pressure Build-up

Risk of casing failure during the production phase of the well. MH Accptd 0

22 T Planning Compaction Casing failure late in life due to reservoir compaction. MH Active 0

23 T Planning Expandable Issues Risk of tubular exspansion failure. MH Accptd 0

24

25

26

27

2829

30

31

32

33

34

35

36

37

38

39

40

4142

43

44

45

46

47

48

49

50

51

52

53

5455

56

57

58

59

60

61

62

63

64

65

66

6768

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69

70

71

72

73

74

75

76

7778

79

80

81

82

83

84

85

86

87

88

89

9091

92

93

94

95

96

97

98

99

100

101

102

103104

105

106

107

108

109

110

111

112

113

114

115

116117

118

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119

120

121

122

123

124

125

126

127128

129

130

131

132

133

134

135

136

137

138

139

140141

142

143

144

145

146

147

148

149

150

151

152

153154

155

156

157

158

159

160

161

162

163

164

165

166167

168

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169

170

171

172

173

174

175

176

177178

179

180

181

182

183

184

185

186

187

188

189

190191

192

193

194

195

196

197

198

199

200

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Instructions for Importing Risk Data from CPoL1.Create Excel risk report from CPoL2. Copy all the data from the CPoL report and paste into the bordered box below (us3. Ensure that the "Data Check" column shows "OK" for all imported risks

If the Data Check shows "Error!", the entry in one of the orange columns does not a

4. Click on the green macro button (left). The matrices should now be plotted.

Note: The "Data Check" on the REGISTER sheet may still show Error!s. Further edits to thProject n/a Risk Name Owner Risk Event Status

Risk Data Check

1 OK2 OK

3 OK4 OK5 OK6 OK7 OK8 OK

9 OK10 OK11 OK

12 OK13 OK14 OK15 OK16 OK

17 OK18 OK19 OK20 OK21 OK22 OK23 OK

24 OK



38 OK


46 OK

ReplaceRegisterData with

CPoL Data

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53 OK54 OK55 OK56 OK57 OK58 OK59 OK60 OK




81 OK82 OK83 OK84 OK85 OK86 OK87 OK88 OK89 OK

90 OK91 OK92 OK93 OK

94 OK95 OK

96 OK97 OK98 OK99 OK

100 OK101 OK102 OK

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103 OK104 OK105 OK106 OK107 OK108 OK


117 OK118 OK119 OK120 OK121 OK122 OK


131 OK132 OK133 OK134 OK135 OK136 OK

137 OK138 OK139 OK140 OK141 OK142 OK143 OK144 OK145 OK

146 OK147 OK148 OK149 OK

150 OK151 OK

152 OK153 OK154 OK155 OK156 OK157 OK158 OK

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159 OK160 OK161 OK162 OK163 OK164 OK


173 OK174 OK175 OK176 OK177 OK178 OK


187 OK188 OK189 OK190 OK191 OK192 OK


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Paste Special-Values to preserve the formatting).

ppear in the SETUP sheet. Edit the SETUP sheet accordingly.

e SETUP sheet will fix these.Category n/a Impact Type Impact level Probability n/a

KEY:

Pre-Mitigation

Data is copied but

not checked

Data is copied and

checked vs SETUPData is not copied

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Impact Type Impact Level Probability n/a ByAccepPost-Mitigation

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Date Manageabilitytance

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Risk Rating Matrix - customize the matrix in the SETUP worksheet

One or morefatalities

Damage long-term and/orextensive

_Outrage.

Prosecution.Possible loss of

operating license

Commended byNGO at

internationallevel. Globalrecognition

> 10 $M > 12.75 days> 0.1 oProjec

Productio

Serious injury orDAFWC.

HiPo

Short-termdamage within

facility boundary

Long-term and/orextensive

improvement

Involvement ofregulator

Commended byNGO at national

level.Recognition

within country

3 - 10 $M3.4 - 12.75

days

0.03 - 0.1Projec

Productio

Recordableinjury, first aid,

seriousoccurrence

Rapid on-siteclean-up

Short-termimprovementwithin facility

boundary

Complaints fromlocal community

Commended byNGO at local

level.Recognitionwithin area

1 - 3 $M 0.85 - 3.4 days0.01 - 0.0

ProjecProductio

No impact No impact Minorenhancement

Minimal impact

recognised

positivecontributionwithin BP

< 1 $M < 0.85 days < 0.01 oProjecProductio

Probability

Very Low

Low

Moderate

High

ManageabilityLow

MediumHigh

Could only occur as the result of multiple, independent system or control failures.Future occurrence is thought most unlikely.No comparable occurrence is known.

Prob-

Project Management Team can control probability and / or impact. Risk reduction measures will be highly cost-effect

Reputation:

OpportunitiesSchedule Producti

Project Management Team can only influence impact. Risk reduction measures are unlikely to be cost-effective.

Project Management Team can influence probability and / or impact. Risk reduction measures will be roughly cost-n

ImpactLeve

lCould result from a plausible combination of system or control failures.

Would probably occur if the system were to be operated for long enough. Comparableevents are known to have occurred in the past.

Could result from the failure of a single system or control.Could be expected to occur if this operation were repeated regularly.Comparable events are within the team's direct experience.

Uncontrolled.Will occur whenever circumstances are unfavorable.Comparable events are frequent.

ImpactLevel

Type of Impact

Health & SafetyEnvironment:

ThreatsCost

Environment:

Opportunities

Reputation:

Threats

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Risk Register Set-Up Sheet

Probability Abbrev Categories

Very Low VL AbbrevLow L HSSE HSSE

Moderate M Planning PlanHigh H Sidetracking ST

Impact Type Salt Interval SIHealth & Safety Saf. Salt Exit Sext

Environment: Threats Env (T) Sub Salt SsubEnvironment: Opportunities Env (O) Coring Core

Reputation: Threats Rep (T) Proj. Top Evaluation EvalReputation: Opportunities Rep (O) Value Level Unit PPFG PPFG

Cost Cost 100 10% $M Weather/Loop Currents WeaSchedule Sch. 85 15% days Csg & Cmtng Csg

Production Prod. 10% mbd Well Control WCntrlReserves Res. 15% MMbbl Rig Equipment REquip

NPV NPV 10% $M DWOP DWOPBHA/DH Equip BHA/EqInitial Ops IOps

Impact Level Well Exit Ops WEOpsLow L NDS NDS

Medium MHigh H Abbrev

Very High VH Class #1 (threats) T

Risk Rating Pre Post Class #2 (opportunities) OV. Low VL 4 4

Low L 8 7Mod. M 10 6 Cost 10High H 0 0 3

V. High VH 0 0 1

Manageability Schedule 12.75

Low L 3.4Medium M 0.85

High H Production 0

Risk Status 0

Active Active 3 0Dormant Dorm. 1 Reserves 0

Accepted Accptd 18 0Closed Closed 0 0

NPV 0

Action Status 0

Pending 0Under Review 0 0

Completed 00

0 0

0

0

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yes

People

Show ? Count Abbrev

yes 0 1 Chuck Bondurant CB yes 0 yes 0 yes 0 yes

yes 6 2 Donald Charles DC yes 0 yes 0 yes 0 yesyes 0 3 Binh Van Nguyen BVN yes 1 yes 0 yes 0 yesyes 0 4 Chris Casler CC yes 0 yes 0 yes 0 yesyes 0 5 Tomieka Searcy TS yes 0 yes 0 yes 0 yesyes 0 6 Pierre Depret PD yes 0 yes 0 yes 0 yesyes 0 7 Mark Hafle MH yes 13 yes 0 yes 0 yesyes 0 8 Jonathan Bellow JB yes 0 yes 0 yes 0 yesyes 0 9 Bobby Bodek BB yes 0 yes 0 yes 0 yes

yes 0 10 Jasper Peijs JP yes 0 yes 0 yes 0 yesyes 0 11 David Sims DS yes 0 yes 0 yes 0 yesyes 0 12 George Gray GG yes 0 yes 0 yes 0 yesyes 0 13 Craig Scherschel CS yes 1 yes 0 yes 0 yes

yes 0 14 Team T yes 3 yes 0 yes 0 yesyes 0 15 Marty Albertin MA yes 3 yes 0 yes 0 yesyes 0 16 Trent Fleece TF yes 1 yes 0 yes 0 yesyes 0 17 Gabe Wilson GW yes 0 yes 0 yes 0 yesyes 16 18

19

20

21

22

23

24

10% 25

3% 26

1% 27

15% 28

4% 29

1% 30

10% 31

3% 32

1% 33

15% 34

4% 35

1% 36

10% 37

3% 38

1% 390% 40

0% 41

1% 42

0% 43

0% 44

1% 45

46

47

Risk

AcceptaRisk Owner?

Responsible for

Actions?

Assurance on

Actions?

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48

49

50

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Register

Updates?

0 yes 1 1 1 1 1 1 1 1 1 1

0 yes 2 2 2 2 2 2 2 2 2 20 yes 3 3 3 3 3 3 3 3 3 30 yes 4 4 4 4 4 4 4 4 4 40 yes 5 5 5 5 5 5 5 5 5 50 yes 6 6 6 6 6 6 6 6 6 60 yes 7 7 7 7 7 7 7 7 7 70 yes 8 8 8 8 8 8 8 8 8 8

0 yes 9 9 9 9 9 9 9 9 9 90 yes 10 10 10 10 10 10 10 10 10 100 yes 11 11 11 11 11 11 11 11 11 110 yes 12 12 12 12 12 12 12 12 12 120 yes 13 13 13 13 13 13 13 13 13 13

0 yes 14 14 14 14 14 14 14 14 14 140 yes 15 15 15 15 15 15 15 15 15 150 yes 16 16 16 16 16 16 16 16 16 160 yes 17 17 17 17 17 17 17 17 17 17

ce?

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17 17 17 17 17

Chuck Bondurant Chuck Bondurant Chuck Bondurant Chuck Bondurant Chuck Bondurant

Donald Charles Donald Charles Donald Charles Donald Charles Donald Charles

Binh Van Nguyen Binh Van Nguyen Binh Van Nguyen Binh Van Nguyen Binh Van Nguyen

Chris Casler Chris Casler Chris Casler Chris Casler Chris Casler

Tomieka Searcy Tomieka Searcy Tomieka Searcy Tomieka Searcy Tomieka Searcy

Pierre Depret Pierre Depret Pierre Depret Pierre Depret Pierre Depret

Mark Hafle Mark Hafle Mark Hafle Mark Hafle Mark Hafle

Jonathan Bellow Jonathan Bellow Jonathan Bellow Jonathan Bellow Jonathan Bellow

Bobby Bodek Bobby Bodek Bobby Bodek Bobby Bodek Bobby Bodek

Jasper Peijs Jasper Peijs Jasper Peijs Jasper Peijs Jasper Peijs

David Sims David Sims David Sims David Sims David Sims

George Gray George Gray George Gray George Gray George Gray

Craig Scherschel Craig Scherschel Craig Scherschel Craig Scherschel Craig Scherschel

Team Team Team Team Team

Marty Albertin Marty Albertin Marty Albertin Marty Albertin Marty AlbertinTrent Fleece Trent Fleece Trent Fleece Trent Fleece Trent Fleece

Gabe Wilson Gabe Wilson Gabe Wilson Gabe Wilson Gabe Wilson

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AlertLite E&P Risk Categories

Count

C Country and Regulatory 0 C Country and Regulatory

C01 Experience of Operating in Province 0 E Market/Commercial ContextC02 Political Stability 0 H Health, Safety & EnvironmentC03 Security of Proprietary Information 0 T Technical ChallengeC04 Currency Risk (versus US $) 0 X Project Definition & Execution ComplexityC05 Fiscal Policy/Tax etc. 0 Y Operability/Production Ramp-upC06 Safety & Security of Personnel 0C07 Regulatory Environment(Federal & local) 0C08 Local Culture 0C09 Employment/Local Sourcing Expectations 0C10 Infrastructure 0C11 Group Reputation 0C12 Ethical Conduct 0

C13 Expropriation/Revenue security 0E Market/Commercial Context 0E01 Partner Alignment 0E02 Partner Funding Constraints 0E03 Development of Product Markets 0E04 Sources of Value Complexity 0E05 Feedstock & Product Values 0E06 Product Differentials 0E07 Managing Exec. Mgmt. Perf. Expectations 0E08 Brand Issues 0E09 Competitor Threats to Economic Success 0E10 Feedstock Source/Product Offtake Agmts. 0E11 Terms Uncertainty 0

H Health, Safety & Environment 0H01 Safety of Design 0

H02 Emmisions/Spills 0H03 Environmental Sensitivities 0H04 Waste Management 0H05 Differing Partner Standards 0H06 Health Sensitivities 0H07 Construction Safety 0T Technical Challenge 0T01 Subsurface Delineation/Complexity 0T02 Recovery Factor 0

T03 GOR/GCR/Water Prodn/Fluids Injection 0

T04 Reservoir Fluids Characteristics 0T05 Well Productivity 0T06 Terrain/Topography/Water Depth 0T07 Seismology/Soil/Met-Ocean Conditions 0T08 Facilities Concept (Choice/Knowhow/Stretch) 0T09 Drilling Complexity 0T10 Completions Complexity 0T11 Mid-Stream/Export 0X Project Definition & Execution Complexity 0

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X01 Availability of Key Skills 0X02 Early Team Alignment (incl. Partner Staff) 0X03 Modification/Revamp content 0

X04 Scheduling Basis Risk (to First Production) 0X05 Estimating Basis Risk 0X06 Work Fronts / Key Interfaces 0

X07 Quality of Design Basis/Definition 0X08 Remoteness/Access/Logistics Complexity 0X09 Climatic Weather Windows 0X10 Contractor / Vendor Sourcing 0X11 Rig/Instln. Vessels Availability 0X12 Labour Market 0X13 Project Strategy Development 0Y Operability/Production Ramp-up 0

Y01 Availability of Experienced Operations Staff 0Y02 Operating Cost Risk 0Y03 Systems Availability(eg Plant/Export/Wells) 0Y04 Level of New Technology Equipment Items 0

Y05 Sparing Philosophy (Critical Items) 0Y06 Operability of Design 0Y07 Tech.Integrity (incl.QA/QC) 0Y08 Decommissioning Philosophy 0Y09 Planned Rate of Ramp-up 0

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Country & Reg. 0

Market & Comm. 0H, S & E 0Tech. Challenge 0Defn. & Complexity 0Oper'ty & Ramp-up 0

TREX-45036

Documents

Transcript of TREX-45036