PlusAlpha Risk Management Solutions, LLC Barrier and Project Interface Management The Keys to Making New Offshore Regulations, Standards and Practices Effective Barrier and Project Interface Management The Keys to Making New Offshore Regulations, Standards and Practices Effective Scott W. Randall Managing Director, PlusAlpha Risk/BMC,LLC September 12, 2012

Regulations and Standards Post-Macondo Include:

PlusAlpha Risk Management Solutions, LLC THE BOW-TIE SYSTEM INTEGRATES THE COMMON ELEMENTS Effective Implementation of Post- Macondo Barrier Standards Faces the following risk management challenges: 1.Lack of a Unifying Link between RP75, RP96 and BUL97 2.Poor Communication of Risk Information at the Interfaces

PlusAlpha Risk Management Solutions, LLC HOW DO THESE WORK TOGETHER TO MAKE A DIFFERENCE?

PlusAlpha Risk Management Solutions, LLC Well Control Problem Areas Across the Project Life Cycle RISK MANAGEMENT ACTIVITIES

PlusAlpha Risk Management Solutions, LLC The Barrier Approach –Accepted Internationally (ISO 17776) –Highlighted throughout the Macondo Investigation –Important Part of the proposed Deepwater well design and construction standard (API RP96) Annex A –Facilitated through the Bow-Tie Diagram Making It Effective: One Idea

BOW-TIE SYSTEM PROVIDES A COMMON LANGUAGE Pre Concept

PlusAlpha Risk Management Solutions, LLC SIMPLIFIED WELL CONTROL BOW-TIE

PlusAlpha Risk Management Solutions, LLC ONE EXAMPLE OF INTEGRATION

PlusAlpha Risk Management Solutions, LLC EXAMPLE OF JSA SEMS IMPLEMENTATION

PlusAlpha Risk Management Solutions, LLC ONE EXAMPLE OF INTEGRATION

CONCLUSION Interface Management toolkit, including the Interface Management Plan Responsibility Matrix, Interface Register.

PMI Process Industry SIG; Houston, Texas USA Scott Randall, PlusAlpha Risk Management Solutions, LLC QUESTIONS? for more information contact: Scott Randall