DeepOcean implements Sword Active Risk Manager to
manage major new subsea project for Statoil

 

International offshore service provider, DeepOcean operates
in the oil and gas, offshore renewables and electrical power
transmission industries, and has offices in Norway, UK,
The Netherlands, Brazil, Mexico and Singapore. Over the
years, the company has established an enviable reputation for delivering innovative engineering solutions and turnkey project management for complex deep-water operations. It is committed to creating a safe, incident free workplace along with high standards of environmental responsibility and pollution prevention.

 

DeepOcean relies on global units of highly professional and experienced project teams to drive operational excellence and customer value. Years of merger and acquisition activity combined with the award of a major new contract from Statoil, prompted DeepOcean to review its approach to risk management.

 

At the same time, Statoil, the leading international energy company in oil and gas production employed DeepOcean to provide a 145-kilometre fibre optic cable network that would connect new infrastructure to existing infrastructure and so support a major new gas pipeline in the Norwegian Sea. The planned Aasta Hansteen oil field development is a new 480-kilometre gas pipeline that includes the construction of a SPAR or floating platform, the first ever to be installed on the Norwegian continental shelf.

 

Located in a traditionally difficult part of the ocean notorious for its uneven seabed that has seen a lot of iceberg activity, the new pipeline presented a unique set of challenges and the risk factor was extremely high. The complexity of the project required a specific solution to match. After carefully evaluating the marketplace, DeepOcean selected Sword Active Risk Manager (ARM) for its ease of use and scalability.

 

The Statoil project management team now use ARM to coordinate and monitor all risk information pertaining to the project. Risks can be anything from the various operations on-board ships, supplier deliveries to personnel issues and even welding or other building activities.

 

Risk information is collected predominantly from regular face-to-face risk meetings where staff have the opportunity to voice their opinions and share ideas. Once the information is gathered, it is entered into ARM with details of review dates and risk owners. Email alerts are automatically generated to prompt immediate attention and elicit feedback on the progress made.

 

DeepOcean is currently in the early phases of the project and expect to be offshore in Spring or Summer of 2014. Using ARM they are able to keep tight control of project risks and manage deadline dates closely.

 

Since installing ARM for the Aasta Hansteen project, DeepOcean has successfully enhanced its risk management processes, which has been critical to identifying potential risks swiftly and essential to creating effective and meaningful risk mitigation strategies.

 

Longer term, DeepOcean anticipates deriving additional benefits from deploying ARM. Working closely with Sword and using ARM gives DeepOcean the confidence and hard evidence they need to assure clients that they fully appreciate the risks involved with their individual projects, understand their exact requirements, can meet their deadlines and manage risk effectively.

DeepOcean Case Study

DeepOcean Case Study

Download the case study