Deepwater: Attacking Project Risk

Welcome Letter

Dear Deepwater Colleague,

I am pleased to invite you to be a part of ASME’s 2nd annual deepwater forum. In a continuing effort to address real industry needs we have worked with the steering committee to develop a workshop that addresses issues that you face regularly and that have a significant impact on your company’s bottom line. The number of deepwater forums being offered is significant and so we have made every effort to develop a curriculum that offers you practical, hands on advice in an interactive, stimulating format.

For those of you that attended our workshop last year in London you know that this was a very different format from what you have experienced in the past. Because of the high level profile of our attendees, we have found that the best way to disseminate information is not to have papers or panels of your peers speak to you about their practices, but rather for you, as an industry expert, to sit down with a group of your peers and discuss today's pressing issues.

This year the theme is Deepwater: Attacking Project Risk. Webster defines risk as “1. the chance of injury, damage, or loss; hazard - 2. the degree of probability of loss”.
In entering into project agreements it is essential that both parties have a clear understanding of the project risks, the distribution of those risks, and steps that each party can take to mitigate their risks. This workshop will provide each attendee with a clear "take home" deliverable - a better understanding not only of risk as it relates to your company but risk as it relates to each party in the project.

The workshop's open forum has been designed to enable Operators, Non-Operators, Service companies and Manufacturers with the opportunity to exchange their views on the critical issues relating to risk. This should provide some lively dialog . Additionally we believe that a large part of any successful workshop is the ability to network with your peers. An opening event amid the backdrop of Lisbon, Portugal provides just such an opportunity.

Why should you attend? A better strategy for contract discussions? An awareness of the other side's views? An understanding of risk elements and mitigation opportunities? You decide.

Brian Boles