Risk and Oil & Gas – Breakfast Seminar event summary
Posted: September 23, 2016 /
Global environmental and advisory consultancy SLR and strategic risk management consultancy Strategia Worldwide Ltd hosted a joint breakfast seminar on Thursday, 22nd September, at the Cavalry and Guards Club, London to discuss “A comprehensive approach to risk in complex environments.” It was attended by 54 invited guests from the oil and gas, insurance and risk industries.
Guest speaker Raphael Vermeir CBE, formerly Vice President Government Affairs International for ConocoPhillips spoke about his experiences and ‘lessons learned’ from managing the risks associated with ConocoPhillips’ operations in West Africa. This included financial, technical, security and environmental risks as well “other non core risks”.
Sir Richard Shirreff from Strategia Worldwide and Nick Hooke from SLR then explained how a comprehensive approach to risk management can help companies and investors fully understand complex environments, assess risks, break down silos, identify gaps and understand the relationship between risks. They used a recent case study from Cote D’Ivoire to illustrate this approach that addressed technical, political, environmental, social, and regulatory risks, as well as security risks to produce an integrated solution.
“We have found that the application of this model really does allow our clients to realise their business outcomes and provides an assurance ‘kite mark’ to investors…” Sir Richard Shirreff
A number of guests commented on how risks were generally managed in silos within their companies and the industry generally, and that the comprehensive approach to risk management proposed was more appropriate for identifying the risks and the interdependencies between them.
Strategia Worldwide Ltd brings together combined
senior expertise from the military, political, diplomatic, law-enforcement,
humanitarian, social development, strategic communications, cyber and insurance
worlds and operates in the UK and overseas.
Sir Richard Shirreff will be giving a a keynote
presentation at the Abu Dhabi International Petroleum Exhibition
& Conference (ADIPEC 2016) in November which will be launching its
inaugural edition of ‘Security in Energy’.
SLR Consulting deliver advice and support on a wide range of strategic and
project-specific issues to a diverse and growing base of business, regulatory
and government clients. They specialise in the oil and gas, mining and
minerals, infrastructure, built environment, industry, and power sectors.
Raphael joined Conoco in 1979, working in marine
transportation and production engineering services in Houston, Texas. He
handled upstream acquisitions in Europe and Africa and managed Conoco's
exploration activities in continental Europe from Paris. He moved to London to
lead the BD activities of refining and marketing in Europe and then transferred
to Istanbul as managing director of Turcas. In 1999 he drove strategic
initiatives in Russia and the Caspian and completed major A&D deals in the
North Sea. After heading an integration team during the merger of
ConocoPhillips, he took on positions in government and public affairs becoming
head of external affairs Europe in late 2007. He was appointed President,
Nigeria in 2011 and successfully sold the company’s interests in its Upstream companies and
exited Brass LNG. He was appointed Vice President of Government Affairs
International for ConocoPhillips in 2014. He is now an independent
consultant and chairman of the International Petroleum Week Programme Board.
He is a trustee of the St. Andrews Prize for the Environment and
sat on the board of Oil Spill Response Ltd. He chaired the International
Association of Oil and Gas Producers. He is a Fellow of the Energy Institute, a
Chartered Engineer, Fellow of the Royal Institute of Naval Architects and was
appointed CBE for services to the Energy Industry.
Nick has over 33 years' oil and gas experience, built upon
technical, operational, commercial, financial and management roles in the
international Oil & Gas industry.
He has developed expert opinions and provided input into a
number of technical and commercial disputes and has appeared as an expert
witness in front of technical experts and in an arbitration tribunal. He
also has extensive experience in advising on solutions to complex technical and
commercial negotiations including international oil field unitisation and
determination. Nick is a chartered Petroleum Engineer and a Fellow of the
Energy Institute and holds an MSc in Petroleum Engineering from Imperial
Over 37 years experience
as an international leader and commander rising to highest rank in British Army
and NATO. Extensive experience of building unity of effort with different
nations, governments, the humanitarian community and wide variety of other
stakeholders in order to resolve complex problems. First hand understanding of
the challenges of decision making under extreme political and media pressure,
and proven record of leading dynamic change management makes him well placed to
support corporate leaders in the development and operationalising of strategy
to manage complex risks.
Jonathan founded Stonehaven Technology, a company with a
proven record of working in varied sectors and delivering highly original
enterprise application software, bringing business change and achieving significant
efficiency for its clients. Jonathan leads on client engagement, designing
functional specifications, project management and delivery, whilst managing the
business. Jonathan has completed a full time MBA at Ashridge Hult Business
School, worked in a number of countries and gained a range of diverse
experiences in the British Army.