discover the difference - petrofac€¦ · asset management: managed services and consultancy...

DISCOVER THE DIFFERENCELife of asset services; unlocking more value.

03DISCOVER THE DIFFERENCE

From development to decommissioning

Petrofac designs, builds, operates and maintains oil and gas facilities.

Working across the international oil and gas industry, we help our clients unlock the full value of their energy assets.

We do this through the deployment of the full breadth of our service capability, which spans the oil and gas asset life cycle from concept creation to decommissioning.

Our delivery is underpinned by a range of innovative commercial models, which enable us to respond flexibly to the distinct needs of our clients.

People are at the core of Petrofac. As a people business we have a problem-solving culture and a clear focus on delivery which is evident in every project and contract we undertake.

Our focus is on helping our clients unlock more value.

That's the Petrofac difference.

Nothing matters more to Petrofac than the safety of our people.

Our vision is to reach Horizon Zero; a future with no safety incidents.

Our safety culture is entrenched in everything we do, supported by a series of programmes and campaigns that underpin our vision and our commitment to continuous improvement in this area. We reinforce our safety culture through initiatives such as our Golden Rules of Safety, Right Choice, Safe Choice and Core Safety Behaviours. Supported by our Control of Work and Lessons Learned tools.

We believe in:

Strong and sustainable safety leadership

Continually raising standards to improve our health and safety performance

Effective management of integrity

Communicating internally and sharing lessons across our industry

Ensuring our workforce is fully engaged

04 DISCOVER THE DIFFERENCE 05DISCOVER THE DIFFERENCE

Services across the life cycle

BENEFITS DELIVERED:

Safe solutions: Safety is our number one value. Our operating and project execution experience means we know what it takes to achieve safe oil and gas operations.

Optimised delivery: Our engineering services are integrated across the front-end and execution phases, and combined with the know-how of our operations and construction teams at the earliest opportunity. We improve schedules by optimising stage gate processes, reducing cost and mitigating risks as the project progresses.

Supporting growth: We deliver well planned and safely executed scopes that drive asset performance, maintain integrity and operability, and increase efficiency and operational uptime.

Right-sized solutions: Our processes and procedures are scalable, depending on the size and complexity of each project, to support the delivery of fit-for-purpose, right-sized solutions.

Workforce competency:We support the development of competent and capable workforces – and provide the systems to manage their development needs – ready to meet operational, environmental, national and regulatory requirements.

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Integrated Sol

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PetrofacCore Capabilities

Training & Competence

Operations Services

Decommissioning

Well Engineering

Asset Management

Engineering Services

Project Execution & Construction

We integrate our services as appropriate, to unlock value for our clients across the asset life cycle.

I D E N T I F Y A P PRA I S E D E F I N ES E L EC T OP ERAT E ABANDONE X ECU T E

Project Execution & Construction:

Whether onshore or offshore, greenfield or

brownfield, we provide the full spectrum of engineering,

procurement, construction and commissioning services.

Operations Services:Market defining asset solutions

that reduce operating expenditure and improve

production and efficiency – from the supply of experienced, competent people through to

full responsibility for asset operations.

Decommissioning: Asset-led late life services

focused on operational cost reduction, enhanced production and effective

decommissioning, delivered on a standalone basis or via our Duty Holder and Service

Operator models.

Training & Competence:Industry-leading training

courses and crisis management consultancy; the development of bespoke training programmes; the design and construction of

training facilities and solutions to improve workforce competency.

Well Engineering: A full suite of services,

accessible on a standalone or integrated basis, to help clients manage the life cycle of a well, from feasibility to construction management into subsequent plugging and abandonment.

Asset Management:Managed services and

consultancy designed to help clients and asset owners

maximise the performance, efficiency and integrity of

their assets.

Engineering Services:Life of asset solutions that blend the strength of a multinational

with the technical expertise of a consultancy, ensuring efficient and effective engineering from

concept to FEED, detailed design and into execution.


Engineering Services

We provide life of asset engineering capabilities, from consultancy services to support investment decisions, concept development, project execution, commissioning and decommissioning. Our capability spans greenfield and brownfield developments, onshore and offshore, including pipelines, subsea and renewables.

Our engineering capabilities include consultancy services, encompassing surface and subsurface expertise, production enhancement and production technology, field development planning, concept development, front end engineering design (FEED) and specialist consultancy services.

Our project execution capabilities extend to larger FEEDs, detailed design, procurement services and construction.

For brownfield projects, we provide flexible, scalable services to support small and medium sized modification projects all the way through to major modification projects and subsea tiebacks. We deliver these projects using a variety of commercial models. Our inherent technical expertise and operational knowledge means we can recommend best-fit engineering solutions while minimising impact on ongoing operations.

Where appropriate, we will utilise our high-value engineering centres in India and the Far East, enabling us to deliver cost-competitive solutions without compromising quality.

We draw on Petrofac’s group-wide engineering, construction and operations expertise to optimise our solutions and streamline our delivery.

For greenfield projects, Petrofac’s global insights relating to risk, cost, schedule, constructability and operability enable us to deliver front-end solutions that reduce CAPEX, OPEX and optimise schedule while enhancing safety and operability.

From the concept to the detail, we provide design and engineering services across the life cycle of oil and gas assets.

OPERATIONAL EXPERTISE

Our operational expertise enhances our engineering solutions. By integrating resources and harnessing the know-how of our operations and maintenance teams we can positively influence our front-end solutions. This practical experience also benefits our delivery of brownfield engineering solutions, allowing us to recommend constructible designs that are inherently safe and can be installed with minimal impact on ongoing operations. Combining this with our engineering, procurement and construction (EPC) experience further strengthens our ability to recommend the right solution, time after time.


Project Execution & Construction

We have delivered over 200 projects across a diverse range of developments – onshore and offshore, greenfield and brownfield – and understand what it takes to deliver safely and effectively.

900,000Monthly engineering man-hours

US$3 billionAnnual procurement value

200+Onshore projects completed

180 millionAverage annual direct construction man-hours

Lump-sum turnkey: This commercial model is at the very

heart of Petrofac’s history. Through our LSTK approach we offer clients the security of a guaranteed fixed price to deliver their projects against, for which we carry out all the engineering, procurement and construction activities; all within a pre-agreed timeframe.

EPCm: We work in alignment with our clients,

often forming integrated delivery teams and utilising each client's systems and processes to deliver. This approach is predominantly reimbursable, linked to milestones and KPIs, giving our clients full control and transparency of the project's progress, while enabling us to leverage our inherent capabilities to deliver increased value. In EPCm projects we provide construction management support services but the client manages the construction contractor directly.

Procurement: We leverage further benefit during

procurement activities by drawing on our network of over 400 procurement professionals. With a collective annual spend of US$3 billion, we have the detailed knowledge required to recommend and implement the right solution for your project at the most competitive rate.

Brownfield modifications: Our brownfield capabilities span

onshore and offshore, ranging from minor modifications and like-for-like replacements focused on maintaining asset integrity, through to multi-discipline and major modification projects, such as subsea tiebacks and facility upgrades.

We are focused on delivering high-quality project execution services covering engineering, HSSE management, procurement, fabrication, on-site construction, installation and start-up. Petrofac is renowned for its capability in lump-sum turnkey (LSTK) engineering, procurement and construction delivery. We have a 36-year track record which includes a significant number of oil and gas ‘mega’ projects.

We also have the capability through our EPCm business to approach EPC delivery on an integrated and reimbursable basis and across our operations we deliver brownfield modifications and general engineering services offshore and onshore.


Operations Services

For more than 20 years we have delivered fit-for-purpose operations, maintenance and asset management solutions designed to increase production, optimise efficiency, reduce OPEX and lower lifting costs; thereby increasing economic viability and extending field life.

We have conducted more than 25 major asset transitions and enabled the establishment of eight new entrant operators – supporting them to become operators from the Sale and Purchase Agreement through transition and into operations.

Our capabilities support topsides, jackets, subsea, pipelines and terminals, fixed and floating assets. Services include:

Managed solution: We provide a full asset management solution for facilities, wells and pipelines, focused on improving production and efficiency in line with our clients’ asset objectives. We pioneered the outsourced Duty Holder model in 1997. This cost effective model is beneficial for new entrant operators and international oil companies with assets in the late life phase. Since the introduction of the 2015 Safety Case Regulations we have evolved our model to incorporate Installation Operator (including Duty Holder) responsibility with accountability for wells and pipeline operations.

O&M services: From the provision of competent and skilled labour through to managed O&M services we tailor our solutions to deliver in alignment with the operating philosophy of the asset and the strategic needs of each client. At Petrofac, people are at the core of our capability, and nowhere is this more evident than in our approach to O&M delivery.

People: We provide competent people for the

execution of operations, maintenance and deck services. Through our in-house training and competency management solutions we ensure tasks are carried out by employees with the right levels of competence.

25 major asset transitions


Asset Management

Through designing and implementing asset management solutions we enable clients to transform their organisation, meet international regulations, improve asset performance and maximise return on their asset-based investment.

We have three key areas of service provision:

Performance consulting: In collaboration with our clients, we define the optimum solution to meet their asset performance challenge. Whether their goal be benchmarking the existing performance across multiple assets, assuring asset performance against key standards, or reaching operational readiness.

Technical consulting: Once client needs have been established, either through our performance consulting or from a client specific need, we develop programmes to achieve the desired state. These programmes can cover a range of areas including strategy and decision making, people and organisations, systems and processes, risk and compliance, physical assets and performance.

Managed services: We can provide manpower, functional support and supervision to realise the strategies identified through our performance and technical consulting services. This includes the provision of our maintenance and reliability, condition monitoring and Computerised Maintenance Management System (CMMS) services.

These services are supported by our proprietary software, BuildME™, CBMnet, AIRS and AssureME, which provide efficient data collection and auditing environments from which to build and export the desired solution ready for implementation.

Well Engineering

Our flexible well engineering and project management solutions are delivered in close collaboration with our clients. We help national and international oil companies and smaller independent operators overcome experience gaps, resource constraints and time pressure.

Well plug and abandonment: From initial review, through to abandonment methodology selection, detailed planning and engineering, and project execution, we provide a full service capability to enable clients to safely abandon wells.

Well management software: Fundamental to our well operations is our Well Management Software – WellAtlas®. It is used on all our internal well construction projects and deployed with a number of global operators. The system shows complete visibility and auditability for a range of well delivery tasks, providing increased levels of project assurance, risk and knowledge management.

Consultancy services: Providing qualified and competent personnel to support your operations in the areas of wells, subsea, completions and testing.

We are a trusted partner for our clients, enabling them to outsource well engineering requirements so they can focus on core expertise and gain the benefits from our resources.

Our services include:

Well project management: The complete spectrum of project management services ranging from full-scale well operation and well construction through to small integrated project teams.

Well engineering: Covers all aspects of well engineering and well site operations from discrete studies to entire field development planning, including integrity and abandonment.

Image courtesy of Hurricane Energy

We utilise the breadth and depth of our service capability to bring added value to clients with assets approaching the late life and decommissioning phases.

Late life Duty Holder: This model is focused on helping

our clients push out the cessation of production date and extend asset life. We work with operators to eliminate waste and inefficiencies to safely increase production and uptime. By engaging with us at the earliest stage, we can use our asset knowledge to shape a range of early-interventions and cost-effective measures to reduce the eventual cost of removal.

Duty Holder in decommissioning: For non-producing assets, we tailor

our approach to help reduce OPEX and eventual abandonment costs through manpower optimisation, maintenance simplification and use of shared services.

Well Engineering: From feasibility to well construction,

plugging and abandonment, our decommissioning-focused activities can support cost estimation, studies, detailed design, (de)construction, asset removal and project management.

Engineering: From concept and feasibility studies to

enhanced production methodologies to cost estimating and options analysis, our expertise spans structural and marine assurance, lifting analysis and technical safety for topsides, jackets, pipelines, subsea pipelines and terminals.

Optimised maintenance: Using a proven methodology for the assessment of maintenance and inspection activities, we optimise asset workload and its manpower requirements during late life.

Decommissioning


We offer an integrated capability to support the late life landscape – from studies and production enhancement activities, brownfield engineering and operations to planning and well plugging and abandonment. Through our strategic partnerships, we can also provide removal and waste disposal services. We deliver these services as single, discrete activities or integrate them to offer a complete managed solution.


Training & Competence

We have been delivering training to the oil and gas industry for over 35 years and have trained more than one million delegates.

Our operations and training delivery experience means we have an unrivalled understanding of the training, competency and compliance requirements of the industry.

Training delivery: Our Training Services business has

been a leader in the field of oil and gas, safety, survival, marine, fire and emergency response training for over 35 years.

Training facilities: We can also design and build training

facilities for our clients and use the capabilities of the wider Group to manage and run training for clients worldwide.

Crisis management: We have over 20 years’ experience

developing, implementing and maintaining clients’ training and crisis management systems. We can also manage emergency response plans and procedures for dealing with major

accident hazards on high-risk sites. Supporting clients from initial strategy to ongoing improvement plans, our crisis management capability comprises highly experienced personnel and unique facilities.

Emergency Response Service Centre (ERSC):

Our ERSC was the first of its kind and remains the market leader over a decade after it opened. Through this centre we currently support over 50 clients and 160 assets worldwide.

Competence consultancy: We offer a range of consultancy

services from developing strategies and systems, undertaking reviews and audits through to the provision of assessors and verifiers.

Managed services: Supporting clients by removing the

administrative burden of managing training and competency in-house. Tailored to each client’s specific requirements, we offer transparent reporting and economies of scale.

Computer-based training: An in-house capability designing

and delivering computer-based eLearning products.

Competence software – SkillsVX: SkillsVX is an integrated training and competence management software suite, designed to meet the complex needs of the oil and gas industry.

It stores training and competence records for every role in an organisation and offers live analysis of critical information.

Working with industry to enhance the standards for training, competence and crisis management.

18 DISCOVER THE DIFFERENCE 019ENGINEERING & PRODUCTION SERVICES

By combining the best of all we do, we provide life of asset solutions that minimise risk, enhance integrity and unlock value.

Discover the difference

Regulatory understanding: As a leading provider of outsourced asset management services around the world, we have the capability to operate assets in highly regulated environments.

Our integrated approach: We integrate our operations and engineering capabilities to reduce cost, maintain uptime and schedule while ensuring constructability and operability.

Efficiency through cost optimisation: Our engineering teams strive to find new ways to remove cost and complexity, turning to new construction techniques or better use of automation, whilst remaining focused on delivery quality and certainty.

Our people: We firmly believe we are differentiated by the quality of our people. We have capable and experienced people at all levels and they are supported by internal training and development programmes.

Supply chain excellence: More than 30 years of procurement, supply chain and materials management experience and an annual procurement spend across the Petrofac Group of over US$3 billion.

Safety record: 'Safe' is one of our core values and on many of our projects we have delivered tens of millions of man-hours without a single safety incident, operating substantially ahead of industry norms.

Flexible and innovative execution models: We align our service delivery, and scale our support and the deliverables to suit each client’s strategic objectives.

Assuring integrity: Our asset integrity capabilities

ensure our deliverables are safe, reliable, operable, maintainable and fit-for-purpose.

Risk management: We identify risks from the outset,

build up a clear understanding of project complexity and maintain risk management rigour throughout each project. A mix of best-in-breed applications and in-house tools help optimise these outcomes.

August 2017

Your partner of choice

Petrofac is a leading global service provider with engineering and operating experience at the heart of everything we do.

We take a differentiated approach to delivery to safely unlock maximum value.

Whether we are providing discrete services or integrating our capabilities across the asset life cycle, you can be assured of receiving tailored solutions aligned to your needs.

That’s the Petrofac difference.

Discover the differenceat petrofac.com

Depth of experience

Breadth of capability

A powerful combination

discover the difference - petrofac€¦ · asset management: managed services and consultancy...

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