Resilience Appraising
Project success ultimately comes down to a simple question: ‘Are you ready?’ A readiness review gives you the confidence to answer.
Are you about to start a major project? Or make a key investment? Do you need a third-party viewpoint on what your contractor is promising? Do you feel uncertain about your due date? Might you have overlooked something? Or do you simply need to confirm that your project is adhering to the standards or regulation or governance?
Executives normally call us when their financial stability or reputations are at stake. But we can review your project at whatever stage you’ve reached. Go? Or no-go? You simply need to understand where you stand and the risks involved with proceeding.
The unvarnished truth, wherever you need it
We don’t always deliver good news, and we don’t sugarcoat our reports. Sometimes you need to know your delivery date in reality, not in fantasy land. Peace of mind can come from certainty. When you know the risks you face, you can properly prepare for them. The earlier in the process you involve us, the better your chances of mitigating the risk and avoiding nasty surprises.
If you already have a project plan, or your project is already live, we offer an independent ‘cold eyes’ review. Are your technical plans and schedules valid? Our gap analysis will make sure.
We can mobilize a team in days and get a report in your hands in weeks. Naturally, some projects are more involved. But when we’re done, you’ll have a clear assessment of the risks you face—technical, commercial or reputational—and your options for moving forwards. If things have already gone pear shaped, we can help you with your claim.
Optimal safe performance
Your ability to achieve the optimal safe performance needed to deliver a complex project depends on two things: your general organizational level of resilience, and the temporary needs for the specific project. After determining the general, we uncover the gaps on the specific.
Project framing defines your failure boundaries relative to your corporate risk tolerances. We highlight the holistic business hazards in your operating context as well as the specific uncertainties unique to your undertaking. The goal is to maximize certainty before you start, then tackle uncertainty as you proceed—with the right level of resilience when you need it.
Whether you’re considering an investment opportunity with a major engineering component or you’re already committed, you need to be sure of your risk profile. As part of your due diligence process, we provide valuable and independent insights from a technical, commercial and market perspective. We can provide a market assessment as well as scenario planning using Monte Carlo analysis and our own algorithms.
“Epeus is a highly regarded project management consultancy, that continues to attain and exceed my expectations.”
Fiona Bannister, Technical Services Manager, Centrica Energy Upstream
"We brought you guys in to scare us into action, and you delivered in buckets.”
Don Jacobsen, EVP, Shell
“Epeus understands the key requirements that are needed to achieve successful rig startups. Their personnel have deep experience and are knowledgeable in the areas of rig delivery.”
Brian Hay, Director, Rig Engineering, Global Wells Organization, BP
“Whenever we’ve needed Epeus personnel, they’ve always got there fast—anywhere in the world.”
Sachin Mehra, Vice-President, Asset Management, Valaris (ENSCO)
“The rigorous approach of Epeus’s project readiness review service quickly gave us a set of robust and independent insights into the state of readiness of our field development project. The findings proved to be extremely valuable.”
Leonardo Adami, Director, Petroleum Equity
“The bondholders appreciate the candour and view you guys provided. It was one of the key ingredients to getting consensus on the overall transaction.”
Ken Becker, Director, AMA Capital
"We needed knowledge and experience of a large complex project environment and leadership for our onsite technical team to get us across the finish line. Epeus stepped up to help us implement our project strategy with good discipline."
Peter Anson, Director, Projects and Sites Energy Business Unit, Valmet Technologies Oyj.
“Your expert's knowledge was outstanding, the report was professional, and his courtroom experience shone through during cross-examination. Great job.”
John Deis, Partner, Hicks Thomas LLP
“The Epeus team helped us to understand the complexities associated with a new build rig project and a new North Sea contractor startup."
Andrew Lough, Culzean Wells Project Manager, Maersk Oil
“Epeus’s approach allowed us to fully analyse our options, integrate the rig construction period into our Culzean Project and feel more confident as we progressed towards the start of our drilling campaign.”
Andrew Lough, Culzean Wells Project Manager, Maersk Oil
When needed, we get on site to confirm the reality on the ground. This can happen at any phase of your project, from feasibility studies to the final stage-gate. Armed with our insights, you can proceed with confidence.
If you need more help with our experts onsite, look at our Peer Assist service. And if know you need boots on the ground urgently, go straight to Project Rescue.
To better understand what we actually do, dive into the stories below.
Operator Results
Discover how our advice on strategic investments and deployments gave our clients the insights to make accurate decisions and prevent reputational damage.
DISCOVER OUR STORIES
To Boldly Go? Or Not!
Needing rigs in location with a fast-closing weather window, a major operator asked us to assess their drilling contractor. Against our advice the contractor went ahead (and failed as predicted). Our client made reputation-saving contingency plans and held the contractor in default. Read More
Natural Selection
This operator was facing a tough decision over rig options. We assessed the risks and made a recommendation based on our market and technical knowledge which was implemented successfully. Read More
Power Tools and Leverage
A wells manager needed to save his reputation on a project after the last one overran. Our tools, analysis and scenarios provided certainty for that project—and all that followed. Read More
Buyer Beware
Our recommendations saved an operator major losses (and face) on a large investment decision on multiple rigs, through our technical insights and forecasting tools. Read More
Integrator Results
Need to know exactly when your project will go live? These stories reveal how we helped contractors better manage the expectations into their clients.
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Accuracy Is The Best Policy
Confidence was restored. Acting on our findings, our client made provisions for the delay costs, adjusting its earnings forecast to prevent any further stock value erosion attributable to the prototype project. Effective management reduced the severity of the situation and our client began to rebuild its tarnished 'drill ready' reputation. Read More
All Together Now
This drilling contractor needed to reassure its investors that an asset being stood down would be ready when needed. Our independent appraisal confirmed the plans and safeguarded relations. Read More
Investor Results
From high-stakes scenarios in the North Sea to exploring Inner Mongolia, learn how we uncovered the ground-level reality to reduce our clients’ risk.
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Fortune Telling, Mandarin Style
A bank needed to understand the risks of investing in land drilling in China. Our speed, technical expertise and local language skills gave them the confidence to invest. Read More
Look Before You Leap
These private equity investors were nervous about a junior field operator. We handled a delicate risk analysis and brought both parties together to successfully bring their project management process back on track. Read More
Buyer Beware
Our recommendations saved an operator major losses (and face) on a large investment decision on multiple rigs, through our technical insights and forecasting tools. Read More