Risk Management

Construction Processes

Well construction processes are high risk. Appropriate barriers need to be put in place to address all the risks of the processes. We start with identification of all possible risks, we assess the risk in terms of probability of occurrence and consequence then develop appropriate response to the risk and also define achievable frequency of risk review to manage the risks.We present our preventative and mitigation measures in form of bow-ties. Bow tie is a useful tool for building a framework of barriers for any particular identified risk. It is a diagrammatic representation of barriers to a risk event with preventative barriers on one end and mitigation barriers on the opposite end of the risk event.