Overview

Decommissioning of real assets requires strategic development, engineering capabilities, resource integration, project and contract management, and significant risk analysis. For example, cost, time, regulations, health, safety, environment, and so forth. For this reason, decision-makers need to identify and quantify risks and manage them proactively, and therefore to optimise the decommissioning process by minimising threats and maximising company savings.

This seminar/workshop follows a managerial approach to manage decommissioning projects and perform quantitative risk modelling and contingency analysis; in other words, dismantling complex assets and facilities safely and under budget (cost and time). Finally, participants can increase some skills to analyse uncertainty, identify decommissioning risks, run and interpret Monte Carlo simulations, and determine critical paths and activities.

Guest speakers

Dr Elvis Hernandez-Perdomo, Managing Director of OSL Risk Management

With over seventeen years of experience in quantitative risk management and project economic valuations and formerly a Central Banker's Economist and Senior Executive Consultant/Trainer at Real Options Valuations (USA). Dr. Hernandez-Perdomo has participated in several international consulting projects for Energy and Manufacturing Companies in the UK, USA, Latin America, Portugal, Spain, from large companies to SMEs.

PhD in Finance and a PhD in Engineering Science, MSc. in Finance and MSc. in Statistics and Operational Research, with consulting/research interests in Risk Management, Corporate Governance, Decision Analysis, Project Management, Corporate Finance, and Real Options; Member of the Institute of Directors (MIoD) and Certified in Quantitative Risk Management (CQRM), with academic articles published in international peer-review journals in reliability systems, central banking, engineering, risk analysis, uncertainty, among other aspects.

Alastair Robertson, OSL Consulting Engineers Founding Partner and Chairman of OSL Risk Management

Alastair has over 25 years of professional experience in the Oil and Gas and Energy Industry.  He has an in-depth knowledge of the Oil and Gas industry and acted as Principal Consultant and Project Manager for many major Gas, Oil, LNG and Energy Projects. His areas of expertise are General Business Management, Technical Assurance, Project Concept and Project Development, Commissioning and Training, and EPCm contracts on major gas production projects.

Alastair received his Chemical and Process Engineering degree at Heriot-Watt University, he is a Fellow of the Institution of Chemical Engineers (FIChemE), Member (MEI) and Trustee of the Energy Institute and Member of the Institute of Directors (MIoD).

Benefits to attendees

• practical and interactive workshop/seminar in project management
• access to the support material describing the methodologies to implement risk management in engineering projects.
• Real Option Valuations Inc. through OSL Risk Management will provided the patented ROV-PM technology for Decommissioning Risk Modelling only to the IChemE participants. Thus, they can implement dynamic project management risks and contingency analysis (3 months free access at no additional costs). Normally valued at £4000 per user.

Time

18:00—20:00