Managing with less: Lower your risk profile in the low economic environment

The past two years have seen the oil price plummet to record lows and eventually slowly start to increase. As a result, there has been significant pressures within the industry to cut costs from every budget. Activities have been deferred into future years, scopes reduced, or cancelled all together. In addition, the industry’s workforce has also reduced. We are managing greater uncertainties with less people. What has been the impact of this to the risk profile of our subsea assets?

In this webinar, Jee’s Head of Integrity Management, Grant Adam, will look at how these imposed changes have affected the risk profile of subsea assets and how the cumulative risk has altered. Grant will discuss ways of better understanding the risks that we are exposed to and suggest a variety of risk management strategies. This webinar will also consider how we can effectively conduct our risk management processes with less money and less people.

If you are involved in subsea integrity management and risk management then this webinar is an absolute must.

Learning objectives

  • Understand the effect of low oil price on our subsea risk profile
  • Gain an understanding on how the cumulative risk has changed
  • Consider strategies for risk mitigation in the low oil price environment


Grant Adam at Jee Ltd

Grant is an experienced chartered engineer who has been working in the oil and gas industry since 1994. He is the head of Jee’s integrity management discipline and has an in-depth knowledge of the field and its associated areas, including internal and external inspection. Working closely with a number of major operators, Grant provides technical support and pipeline technical authority services, advising on all aspects of design, construction, integrity, repair and the operation of pipeline systems.

Grant leads a number of integrity management related projects at any given time, including creating riser inspection strategies, inspection tool and stuck pig contingency plans, corrosion management strategies and pipeline lifetime extension studies.

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