BW Offshore - A world wide FPSO operator
Transcript of BW Offshore - A world wide FPSO operator
BW OFFSHORE A world wide FPSO
operator
INTSOK
28 May 2015
Jon Myran
Disclaimer
This Presentation has been produced by BW Offshore Limited ( “BW Offshore”) exclusively for information purposes. This presentation may not be redistributed, in whole or in part, to any
other person.
This document contains certain forward-looking statements relating to the business, financial performance and results of BW Offshore and/or the industry in which it operates. Forward-
looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words “believes”, expects”, “predicts”,
“intends”, “projects”, “plans”, “estimates”, “aims”, “foresees”, “anticipates”, “targets”, and similar expressions. The forward-looking statements contained in this Presentation, including
assumptions, opinions and views of BW Offshore or cited from third party sources are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may
cause actual events to differ materially from any anticipated development. None of BW Offshore or any of its parent or subsidiary undertakings or any such person’s officers or employees
provides any assurance that the assumptions underlying such forward-looking statements are free from errors nor does any of them accept any responsibility for the future accuracy of
the opinions expressed in this Presentation or the actual occurrence of the forecasted developments. BW Offshore assumes no obligation, except as required by law, to update any
forward-looking statements or to conform these forward-looking statements to our actual results.
No representation or warranty (express or implied) is made as to, and no reliance should be placed on, any information, including projections, estimates, targets and opinions, contained
herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and, accordingly, neither BW Offshore nor any of its parent or subsidiary
undertakings or any such person’s officers or employees accepts any liability whatsoever arising directly or indirectly from the use of this document. Actual experience may differ, and
those differences man be material.
By attending this Presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position of BW Offshore and that you will
conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the businesses of BW Offshore. This presentation must be read in
conjunction with the recent Financial Information and the disclosures therein.
This announcement is not an offer for sale or purchase of securities in the United States or any other country. The securities referred to herein have not been registered under the U.S.
Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S.
Securities Act. BW Offshore has not registered and does not intend to register its securities in the United States or to conduct a public offering of its securities in the United States. Any
offer for sale or purchase of securities will be made by means of an offer document that may be obtained by certain qualified investors from BW Offshore. Copies of this Presentation are
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In any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any member State, the “Prospectus Directive”), this
communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive.
This Presentation is only directed at (a) persons who are outside the United Kingdom; or (b) investment professionals within the meaning of Article 19 of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (c) persons falling within Article 49(2)(a) to (d) of the Order; or (d) persons to whom any invitation or inducement to
engage in investment activity can be communicated in circumstances where Section 21(1) of the Financial Services and Markets Act 2000 does not apply.
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HSSEQ – BWO Top Priority
BW Offshore’s management has established policies for
occupational health, safety, security, and environmental
management. HSSEQ have the highest priority in
everything we do. Measurable targets are defined and
monitored for all onshore and offshore units to ensure
compliance with the adopted policies and a continuous
improvement cycle. Personnel training and familiarisation
with the policies are recognised as key activities in order to
achieve a HSSEQ culture of the highest standard.
3 June 2015 3
■ Health
■ Safety
■ Security
■ Environment
■ Quality
23 July 2012 4
CIDADE DE SÃO MATEUS
• 11 February 2015 Cidade de Sao Mateus had a gas explosion in the pumproom
• 9 fatalities and 26 injured
• before the accident Mateus had gone more than 2,000 days without and LTI
• Accident investigation undertaken by joint Petrobras and BWO team
• supported by DnVGL and GEXCON
• The investigation report is issued and lessons learned will be shared with the industry
• Immediate recommendations and follow up actions well underway
• Final recommendations now issued to BWO Fleet
Global footprint
Crew centers
Offices
Units
Sendje Berge
Yùum K’ak’Náab
Belokamenka
Petroleo Nautipa Azurite Abo
Espoir Ivoirien
Cidade de São Mateus
Polvo
Umuroa
Berge Helene
BW Cidade de Sáo Vicente
BW Pioneer
BW Athena
BW Joko Tole
* Operation & Maintenance
P-63*
Peregrino*
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BW Opal
Catcher
75%
77%
79%
81%
83%
85%
87%
89%
91%
93%
95%
97%
99%
Q1
10
Q2
10
Q3
10
Q4
10
Q1
'11
Q2
'11
Q3
'11
Q4
'11
Q1
'12
Q2
'12
Q3
'12
Q4
'12
Q1
'13
Q2
'13
Q3
'13
Q4
'13
Q1
'14
Q2
'14
Q3
'14
Q4
'14
HSE and uptime
HSE records Per million man.hours
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0,0
0,5
1,0
1,5
2,0
2,5
3,0
3,5
4,0
4,5
5,0
Q1
'11
Q2
'11
Q3
'11
Q4
'11
Q1
'12
Q2
'12
Q3
'12
Q4
'12
Q1
'13
Q2
'13
Q3
'13
Q4
'13
Q1
'14
Q2
'14
Q3
'14
Q4
'14
TRI HRI LTI
Uptime Percent
LTI 0.6 per million man-hours
5-year average production uptime of 98.5%
Clients
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Logos from web BW Offshore has additional financial security packages for certain clients
Central versus local management & control
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Local
• Adaption to local conditions
• Flexibility
• Efficient
• “Hands-on”
• Motivation
Central
• Management control
• The BWO Way
• Increase structure
• Bureaucratic
• Reporting
• Time consuming
• Global optimization
• Best practice
• Lessons learnt
• The Operation Manager has total
responsibility for:
• Operation performance
• Communication with the client
• Communication with local authorities
• The FPSO OIM is the BW Offshore
representative onboard and overall in
charge of the FPSO
Fleet Organization
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Fleet Organization
FLEET
Fleet West Africa
Oslo
Fleet Americas
& Europe
Oslo
Fleet Brazil
Rio de Janeiro
Fleet Oceanic
Singapore
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Regional Fleet Organization - Typical
SVP FLEET
Operation Manager
FPSO 3
Operation Manager
FPSO 2
Operation Manager
FPSO 1
Operation Manager
FPSO 4
Offshore HR
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Operation Manager
Purchaser Warehouse
Keeper Maintenance
Engineer
HSEQ
Supervisor
Offshore HR
Crew Change Executive
OIM
Administrative
Assistant
Local Operation Team Organization
Planner
Local Operation Team
can be from 4 to 20 persons
HSSEQ
Quality Management
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BWO Preference in connection with Operations Procedures:
BWO utilizes our own operating procedures and quality management systems:
■ These systems are then integrated with Client needs.
■ Basic uniform requirements:
■ All units meet requirements from
■ Bermuda or Panama flag
■ DNV or ABS class
■ National authorities
■ Operator /clients
■ BW Offshore internal standard
■ International standards
■ BW Offshore has obtained certification towards four Management System standards
■ ISO 9001 – Quality Management
■ ISO 14001 – Environmental Management
■ OHSAS18001 – Occupational Health and Safety Management
■ ISM Code – Safety Management and Pollution prevention
HSEQ Systems
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Uniformed operations are an essential part of the BWO model and are secured by the Management System,
■ Management System is the keystone for Operations and is available to all onshore and offshore personnel
■ The HSEQ systems ensure safe and uniformed operations
■ Synergi is used for reporting of incidents, near accidents and non-conformities and also as a tool for improvements
■ Environmental performance Management is maintained to ISO 14001:2009
■ Sypol is used for to safely manage work with hazardous substances
■ Safety Case, 9 of our 15 facilities have safety cases developed to UK standards
■ Permit to Work, a common PTW system is used across the fleet to ensure a uniformed approach and a common standard
HSEQ Systems
Management System
Synergi
Environmental
Performance
Sypol
Safety Case
Permit to Work
Personnel
0
500
1000
1500
2000
2500
3000
2009 2010 2011 2012 2013 2014
Onshore Offshore Consultants
Organisation
Total number of internal employees ~2,400 Global organisation
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Offshore Norway Singapore Brazil Other
28% onshore
72% offshore
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BWO PERSONNEL OFFSHORE Expats & Nationals 2004 – December 2014
0
200
400
600
800
1000
1200
EXPATS
NATIONALS
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PEOPLE – Crewing Offices
■ Global crew
■ BW Offshore Singapore
■ BW Shipping Philippines Inc
■ OCS Services (India) Pte Ltd
■ LAPA Ltd in Riga (cover Latvia and Eastern Europe)
■ LAPA Saint Petersburg Ltd in Russia
■ BW Offshore Norway AS (covers Norway, European and African nations.
■ Local crew
■ BW Offshore do Brasil Ltda
■ BW Offshore TSB Invest (Indonesian)
■ PPS Cote d’Ivoire
■ Bergesen Worldwide Mexico
■ BW Offshore UK Ltd
■ BW Offshore Management Inc. (USA)
OCS HR, the BWO Personnel System
OCS HR used Worldwide in BW Offshore
15 April 2015
■ In use in BWO since 2001.
■ Personnel Management of 2475 employees
■ Competence Managemet for 1500 Offshore
■ Payroll for 600 expatriates
■ Offshore access for 240 HOD’s & OIM’s
20
OCS HR used by BWO Manning offices
Supply Chain
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Supplier Relations
•Workshop
•Clarifications
•Negotiations
•Audit
•Kick off
•E-sourcing
•Category Mng / Board
•Global FA team
•Contract Mng.
•Workshops/review meetings
•Synergi
•Compliance
•Training
•Feedback to supplier
•New Vendor presentations
•Segmentation
•Prequalification/Portal
•Due diligence
•Approved Makers list
•Gather performance information
•Review audit reports
•Run requalification exercise
•Feed back – improvement targets
•KPI - dashboards
Performance evaluation /
re-qualification
Pre-Qualification
Qualification through
Tender/re-tender
Contract / Execution
Supply Chain Improvement Initiatives
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No 1 Frame Agreements / Standardization
No 2 Standard Goods Catalogues
No 3 IFS Maintenance and Inventory Roll-Out
No 4 Inventory Management
No 5 Budget for Resources
No 6 Procure To Pay Process
No 7 Review and try to simplify SC Fleet Procedures
No 8 Logistics / Warehouse
No 9 How to Capture Service Cost?
No 10 Supplier Pre-Qualification
Technical &
Maintenance Support
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Technical & Maintenance Support (TMS)
■ 24 x 7 In-house global Support by major hubs in Singapore, Norway and Brazil
■ Single point of contact; phone and E-mail
■ Unit specific online support on Intranet
■ Roving team for Major Maintenance, Inspection, Back Log Management support,
■ Remote Monitoring and Support
■ Pull on Engineering resource pool in Singapore and Oslo
■ Monthly KPI reporting and review
■ Annual Asset Integrity Review on each FPSO
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Technical & maintenance Support
Systems ■ Maintenance management system (STAR, MAXIMO, IFS) with the objective
to establish safe and reliable operations
■ Preventive Maintenance based on Risk Based Inspection (RBI) and
Condition Monitoring
■ Technical Quarries (TQ) system
■ Shut-down / Break-down reports - Root Cause Analysis
■ Management of change (MOC) procedure to ensure all
changes are carried out in a controlled manner
■ Lessons Learned
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■ Lessons Learned assist in BWO’s philosophy of Continuous Development
Technical Queries
Operational
Procedures
Incident Reports
(Synergi)
Shutdown /
Breakdown
Reports
Lessons Learned
Register
Deviation
Requests /
Management of
Change Reports
e-mails
(last resort)
Technical Alerts
Maintenance
Regimes (CMMS)
Supply Chain
Vendor /
Manufacturers
Qualifications Engineering
Specifications
LESSONS LEARNED
Summary
Producing
700,000 boepd
Operating
16 FPSOs
99% uptime
LTI 0.58 per million
man-hours
USD 10 billion backlog
Delivered
38 projects
Total assets
USD 3.7 billion
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