March 2002
Job Client Work Completion Date
Confidential Confirdential - North Sea Clients Assisting a client to evaluate development strategies for a large oil development in the North Sea. The client is currently investigating which are the most robust development strategies & options to proceed through for further technical, economic & commercial evaluation. Ideas Genesis assisted the client in this decision making process using our in-depth development & North Sea expertise and utilised probabilistic life cycle business modelling to provide a quantitative overview of the merits of specific strategies and development options. The development is currently progressing through for further definition where Ideas will be assisting in cost & schedule risk identification & probabilistic modelling. Completion 2nd quarter 2002
Cawthorne Channel Gas Gathering Project Dynamic Simulation Shell Nigeria / Mott Macdonald / Daiwoo Engineering simulator for the new gas gathering facilities at Krakama, Awoba as well the main Cawthorne Channel facilities. The simulator is a hi-fidelity representation of the proposed facilities which include reciprocating and centrifugal compressors and their control schemes. For the centrifugal compressors, the control scheme accounts for Compressor Control Corporation algorithms for surge protection and load sharing and performance control.

Genesis have been working closely with the Mott Macdonald project team so that the simulator can be used as a design validation tool that has provided timely advice to the team when considering process configuration or control scheme options.

It is expected that engineering simulator will provide the basis of an Operator Training Simulator.

March 2002
CMS III Dynamic Simulation (Caister Mudoch System) Brown & Root / Conoco Engineering simulator for the next phase of the CMS III compression facilities.

Initial modelling work was completed in Spring 2001. As the design has matured, new engineering data has been provided and incorporated to assess operability and controllability of new facilities. Dynamic simulation has been able to show that additional valving is not required and thereby saved clients about $2M.

The simulator has been used to confirm that the proposed control scheme for the compressors will work as expected. This control scheme accounts for Compressor Control Corporation algorithms for surge protection and load sharing and performance control.

March 2002
Kashagan East Early Oil Project AGIP-KCO Genesis Ideas have been commissioned to provide risk management services to the project. Service responsibilities entail:
- Development of the risk management process.
- Implementation of the risk management process.
- Development of quantitative schedule and cost risk models for the project.
- Facilitation of risk identification workshops.
- Assisting with the development, testing and selection of mitigation plans.
- Monitoring and reporting of mitigation actions.
- Training of project personnel on fundamentals of risk management.
- Maintenance of a project risk registers.
Delivery of service up to Project Sanction.
September 2001
 
Upstream Project Financing: IDEAS have developed a prototype uncertainty model with Dresdner Kleinwort Wasserstein. The intention is to use the model for appraisal of project finance for upstream projects by quantifying the subsurface, facilities, commercial, political and environmental risk uncertainty. The model uses the technical uncertainties and risks to evaluate the impact of cash flow on the project financing metrics. The model is complete and marketing of the model and services will commence in October 2001. Click Here to book a presentation.
 
UKCS Investment Decision: IDEAS have supported an major oil company on screening a number of investment options for a gas field in the UKCS.
The services offered were:
> Facilitation of option risk & uncertainty workshops.
> Techno-economic probabilistic model (reserves, wells, facilities, commercial, political).
> Output analysis & trending.
> Advice on the investment decision.

> Ongoing support of the business strategy workshops and analysis.