1. Safety Driven Performance Conference 2013 Integrating ModuSpec and WEST Engineering Services to advance excellence in drilling safety, integrity and performance Dr. Gerard Gaal Senior Reliability Consultant Modeling risks in the future Failure prevention

2. Safety Driven Performance Conference 2013 Agenda Introduction The risk definition Risk Identification Required data / information Risk Prevention

3. Safety Driven Performance Conference 2013 The Risk Definition Probability of Failure (Events per Year) Asset type Manufacturer asset Condition of the asset Uncertainty in the asset condition Consequence of Failure (Impact ($) per Event) Loss of function Environmental impact Reputation impact Costs emergency maintenance X

4. Safety Driven Performance Conference 2013 Risk Identification Data Analysis Task Plan Client data Risk Matrix

5. Safety Driven Performance Conference 2013 Risk Identification Databases - failure rate Constant failure rate Overestimate PoF

6. Safety Driven Performance Conference 2013 Required information / data Equipment data P&IDs of the system; Equipment ID data (age, usage etc.) and tagging (or taken from P&ID); Failure data Historical maintenance data from the system (replaced components); Maintenance data Maintenance plans for the system (cleaned, preventatively replace components); Equipment condition data.

7. Safety Driven Performance Conference 2013 Risk prevention

8. Safety Driven Performance Conference 2013 Risk prevention – spare parts

9. Safety Driven Performance Conference 2013 Risk prevention - system

10. Safety Driven Performance Conference 2013 Risk prevention - system

11. For more information, please contact: Dr. Gerard Gaal Senior Reliability Consultant Asset Integrity & Maintenance Management Lloyd’s Register Energy – Drilling Gapingseweg 1A 4353 JA Serooskerke, the Netherlands T +31 6 83 564 164 E gerard.gaal@lr.org w www.lr.org/drillinggerard.gaal@lr.orgwww.lr.org/drilling Lloyd’s Register is a trading name of Lloyd’s Register Group Limited and its subsidiaries. Integrating ModuSpec and WEST Engineering Services to advance excellence in drilling safety, integrity and performance