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TechnipRisk Management
ECRI Meeting - London
June 11 2009
2Technip Risk Management - ECRI Presentation - June 09 - London
I. Technip Group
II. Market positioning
III. Risk management: the Technip way
Contents
3Technip Risk Management - ECRI Presentation - June 09 - London
I. Technip Group
4Technip Risk Management - ECRI Presentation - June 09 - London
Technip Today
Worldwide leader in engineering, project management and technologies, serving the oil & gas industry for more than 50 years
► A regular workforce of 23,000 in 46 countries
► Industrial assets on 5 continents, a fleet of 19 vessels (end 2010)
► 2008 revenue: €7.5 billion
Subsea
Offshore
Onshore
A long term solid partner
5Technip Risk Management - ECRI Presentation - June 09 - London
Worldwide Presence
Aberdeen
Paris
St. John’s
Luanda
Rio de Janeiro
Houston
Mumbai
Kuala Lumpur
Perth
Lagos
Vitória
Los Angeles
Barra do Riacho
Caracas
Dande
Lobito
Port Harcourt
BarcelonaLyon
RomeAthens
The HagueDüsseldorf
St. PetersburgEvanton
LondonNewcastle
Abu DhabiDoha
Chennai Bangkok
Singapore
JakartaBalikpapan
Shanghai
Pori
Le Trait
Bogota
New Delhi
Regional Headquarters / Operating centers
Spoolbases
Manufacturing plants (flexible pipelines)Manufacturing plants (umbilicals)Construction yard
Tanjung Langsat(operational in 2010)
Calgary
Monterrey
Oslo
Orkanger
Stavanger
Services base
6Technip Risk Management - ECRI Presentation - June 09 - London
Quality and HSE* at the heart of our activities
Technip is committed to provide its clients with the best value project management, products and services while protecting its employees and partners, and
the environment in which they live► Quality Policy
• Objectives: – A company culture based on the highest standards of quality and of continuous improvement– A “hands on “Quality Management system focused on operational excellence
• 5 main principles:– Focus on operational tasks– Do it right first time– Assess risks and prioritize resources accordingly– Knowledge must be shared and made accessible– Make commitments that are in line with our expertise
► Health, Safety and Environment (HSE) Policy• Our goal: create and sustain an incident-free environment delivering excellent HSE performance at
every level• 3 main focus areas:
– The maintenance of effective HSE management systems– Establishing meaningful leading and lagging indicators to measure and manage performance– Creating a climate that is intolerant of inappropriate HSE behaviors and unsafe situations
* Health, Safety & Environment
7Technip Risk Management - ECRI Presentation - June 09 - London
II. Market positioning
8Technip Risk Management - ECRI Presentation - June 09 - London
Subsea ► Products
Flexible Pipes (in house manufacturing)
Umbilicals(in house manufacturing)
Rigid Pipelines
► Services
Inspection,Repair & Maintenance
Fexible/rigid Pipelaying
Deep Water Installation& Construction
► Vertical integration► In-house technologies ► Worldwide leadership► First class Assets
► Architecture
9Technip Risk Management - ECRI Presentation - June 09 - London
Offshore
TPG 500 Unideck Semi-submersible Spar EDP FPSO
► Innovative capabilities► Proprietary platform design► Proven track record in engineering & construction
10Technip Risk Management - ECRI Presentation - June 09 - London
Onshore
► Refining & heavy oil• Clean Fuels• Grass Roots• Heavy Oil Upgraders• Hydrogen
► Gas Processing• Gas Treatment• GTL• LNG
► Petrochemicals• Ethylene• Polyolefins• Aromatics• Fertilizers
► Project management know-how ► Strong process engineering capabilities ► Proprietary technologies (Hydrogen, Ethylene…)► Solid reputation with NOCs & IOCs
11Technip Risk Management - ECRI Presentation - June 09 - London
A Fleet of 19 Vessels by 2010
Deep Blue Deep Pioneer Sunrise 2000 Venturer Constructor Seamec Princess Apache
Orelia Wellservicer Skandi Achiever Normand Pioneer Seamec 2 Seamec 3 Geoholm
Alliance Seamec 1
New deepwater pipelay vessel (delivery in 2010)
Current fleet: 17 vessels
Skandi VitoriaNew Brazilian deepwater pipelay vessel (delivery in 2009)
2 new vessels
Skandi Arctic
12Technip Risk Management - ECRI Presentation - June 09 - London
Floating LNG solutions
Processing systemCryogenic flexible pipe
FPSO Subsea services & product provider
FPSO LNG (FLNG)
Cryogenic pipe-in-pipe
A unique combination of technologies and know-how
13Technip Risk Management - ECRI Presentation - June 09 - London
Group OrganizationChairman and CEO
T. Pilenko
Chairman and CEO
T. Pilenko
COO
* Region A: Western Europe - Africa - India - Pakistan** Region B: Italy - Greece - Eastern Europe / Russia / ICP - South America
B. di Tullio
Product BUs
Ph. Grasset
Product BUs
Ph. Grasset
Region A*
M. Duval
Region A*
M. Duval
Region B**
N. Uccelletti
Region B**
N. Uccelletti
Asia-Pacific
E. Pushparatnam
Asia-Pacific
E. Pushparatnam
North SeaCanada
K. Boe
North SeaCanada
K. Boe
Northern America
D. Dickson
Northern America
D. Dickson
Brazil
F. Delormel
Brazil
F. Delormel
Subsea
D. de Soras
Subsea
D. de Soras
Special CommitteesEthics & Compliance S. Kandé de BeaupuySustainable Dev. A. AhmadDisclosure J. Harrison
Middle East
A. Grimaldi
Middle East
A. Grimaldi
Human Resources & Communications
A. Decressac
Human Resources & Communications
A. Decressac
CorporateRisk Management
S. Alev
CorporateRisk Management
S. Alev
General Counsel
J. Harrison
General Counsel
J. Harrison
CFO
J. Waldron
CFO
J. Waldron
New Technologies
J. Jouven
New Technologies
J. Jouven
HSE P. WattonSecurity L. Mereyde
14Technip Risk Management - ECRI Presentation - June 09 - London
III. Risk Management: the Technip way
15Technip Risk Management - ECRI Presentation - June 09 - London
Risk Management Approach
The RM is a global and integrated approach across Technip activities. It ensures that events which may impact our entities or our organisation are identified, measured and managed. It leads to:
►A continuous improvement process.
►A transversal approach across disciplines.
►An Aid to decision.
►A knowledge management process (feedback on Proposals & Projects)
An effective RM creates value
16Technip Risk Management - ECRI Presentation - June 09 - London
PORTFOLIORISK MANAGEMENT
Technip Risk Management Framework
PROJECT RISK MANAGEMENT
Throughout the Group
RMS toolRisk Assessment Workshop
SUBSEAActivity
ONSHOREActivity
OFFSHOREActivity
Financial risks dashboardScenario definition
Key metrics analysis
DECISIONAT GROUP LEVEL
RISK DASHBOARDUpdated on regular basis
AT PROJECT LEVEL
RISK REGISTERUpdated according to project progress
AT GROUP LEVEL AT PROJECT LEVEL
17Technip Risk Management - ECRI Presentation - June 09 - London
Risk Management Organization
Region
Risk owner
Proposal / Project Manager
Corporate
Risk owner …
Risk manager
Project control manager
Regional risk manager
Functions (E, P, C, legal…)
Operating centers
Transversal organization
Vert
ical
impl
emen
tatio
n
Risk owners
Group Risk Committee
18Technip Risk Management - ECRI Presentation - June 09 - London
RISK
At project Level – key stakeholders
Subcontractors (services)
Suppliers (goods)
Partners
Client
19Technip Risk Management - ECRI Presentation - June 09 - London
At project level – During Proposal Phase
Proposal start
Risk Assessment Workshop
Risk Evaluation Committee Validation of execution plan Risk Level and mitigations actions
ATTManagement guidelines on top critical risks
Handover Proposal risk register
Early Tendering MeetingValidation of overall Project Risk Level
ATCProposed mitigation measures validation
Client
Partners
Subcontractors (services)
Suppliers (goods)
20Technip Risk Management - ECRI Presentation - June 09 - London
At project level – During Execution Phase
Continuous process
Project start
Risk Assessment Workshop
Mitigation plan
Risk register updated: RMS
Review of the Risk Register
(on a regular basis)
New RisksYesNo
Significant change in the project execution and risk
profile
No Yes
Client
Partners
Subcontractors (services)
Suppliers (goods)
21Technip Risk Management - ECRI Presentation - June 09 - London
At project level - Risk Management Process
IDENTIFICATIONIDENTIFICATION EVALUATIONEVALUATION MITIGATIONMITIGATIONMANAGEMENT
During project executionMANAGEMENTDuring project execution
Severity / probabilty Risk Rating
Risk Matrix
Risk Assessment
Decision making
OU
TPU
T
STEPS
Risk level acceptable
Risk level not acceptable
TOO
L
Risk Profile
Contingencies
Decision
Technip in house tool: RMS
RISK REGISTER
22Technip Risk Management - ECRI Presentation - June 09 - London
At Group level - Portfolio Risk Management
►Portfolio financial risk evaluation
• Selection of representative projects from projects portfolio
• Allocation of uncertainties level on margin at completion
• Aggregation of such uncertainties to assess uncertainties attached to portfolio forecast margin
►Key metrics and guidelines
• Geography
• Exposure to third party
• LSTK exposure
• Workload, Asset availability…
Based on different level of uncertainties, scenarios at portfolio level can be built.
Those scenarios and the above key metrics can support decision making.