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OUR SERVICES
OPERATIONAL RISK MANAGEMENT

Navigating the risk exposures to reduce the threats and mitigate the consequences has never been more critical, especially during the perfect storm consisting of a global pandemic and a price warfare in the Oil & Gas sector.

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RISK ASSESSMENT

Imagine operating a project half way around the globe, on a remote island that was once a national park, and is now a Class A nature reserve. Shipment of any kind, from capital equipment to steel tote tanks, are required to guarantee zero introduction of any foreign species, including seeds. This is just the local issue. The broader challenge is where the feedstock was coming from. In the event of a pandemic or an act of nature, the less prepared will run into unscheduled shutdown, and impacting total operating cost. Our risk assessment process looks into practical event as well as multiple scenarios with different probabilities. Our experience has taught us that luck favors those who are prepared.

PREVENT, MITIGATE & MONITOR

There is no fool-proof risk management program, but with the proper monitoring procedures to review controls put in place at a prescribed frequency, the path to minimize the impact of a risk event is significantly reduced. The commitment to Goal Zero - to bring no harm to people, the environment, and asset - is the number one priority for many operators. And it is our commitment to support operators in constructing the most comprehensive risk management program with controls to prevent, mitigate and monitor events as they arise.

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Operational Risk Management: Projects

© 2020 by Modus Venator

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