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Presentation Abstracts |
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"An Active Industry Approach to Global
Climate Challenge"
One of the world’s greatest challenges today is climate change. At the
same time, it is also an opportunity for companies taking a pro-active
approach. Current developments and new technologies demonstrate how the
E&C industry can address this challenge.
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"The New Reality of Risk: The Shrinking World"
The pressures on businesses today to focus on short term performance
mandates that we look at risk in a new way. Given the fact of global
interconnectivity, we no longer have the luxury of focusing on what
might happen on a specific project. Attendees to this program will gain
new insight into how global risks can have a very localized impact. They
will learn that in today's shrinking world, we need to look beyond our
borders and take a true global view of analyzing and managing risk.
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Enterprise Risk Management in Complex
Systems
Managing enterprise risk in today's complex global environment requires
understanding, assessing and integrating multiple risk factors; factors
that are inherently uncertain and correlated. Furthermore, traditional
risk metrics often fail to account for the changing risk landscape
associated with catastrophic events. We will address strategies for
integrating risk factors providing new insight in understanding
enterprise risk and quantifying its uncertainty.
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Shell: Security & Sustainability
Shell is working harder than ever to meet the Energy Challenge. The
demand for energy continues to climb while the efforts to recover it are
more and more complex. Every effort must be made to achieve sustainable
development by striving for the right balance between social,
environmental and financial needs. Explore some real life experience and
examples of just what this means for large, international projects
currently being pursued.
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OPTIMIZING RISK BY ADOPTING NEW
“CONVERTIBLE” CONTRACTS
For a long time the contracting industry was torn between two extreme
contractual formulae for EPC work: reimbursable, which fundamentally
places most project risks on the Owners; and lump sum, which transfers
the largest risk burden on the E&C contractor. Each approach has
significant advantages and disadvantages for the players involved and
for the ultimate project quality.
In the interest of maximizing success of recent mega-projects which need
to be executed on a fast-track basis, several Owners and E&C
contractors, particularly in the Middle East, have started adopting
combined and “convertible” reimbursable/lump sum contracts for FEED/EPC
execution.
Is this the ideal formula for optimum risk balance and risk mitigation?
The paper will discuss the pros and cons of these contractual approaches
and of their consequences, with particular emphasis on the current
challenges to project execution. It will also illustrate some lessons
learned to date from having in execution phase more than 5 B$ worth of
convertible contracts.
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FutureGen: The Right Project at the
Right Time
FutureGen is a US$ 1.5 billion (2006 4th qtr $’s) public- private
partnership established to design, build and operate a first-of-a-kind,
near zero emissions coal-fueled power plant. The plant will be a
commercial-scale, 275 MWe research platform with a goal to capture and
permanently sequester at least 1 million tonnes / year of CO2. It will
also use hydrogen to produce electricity and will be “living laboratory”
to test and validate cutting edge technologies. The plant will be on
line by the end of 2012.
The presentation will provide an update on this fast moving project
including an overview of the site selection process, surface facility
design efforts, and subsurface work.
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Annual Forum