BMT carried out a fit-for-purpose technical due diligence of an existing bulk chemical storage terminal in Batangas, Philippines. The customer sought out BMT specialists to identify the risks, uncertainties and the potential cost/liability exposure of the terminal and the cost of the associated mitigations.
A project risk management system was developed by BMT to provide a framework for technical due diligence activities including the assessments of the design, construction and operation of the facilities.
A project risk register was produced at the end of the assessment to prioritise risk management actions.
Appropriate risk control measures and associated cost estimates were identified to eliminate or reduce all intolerable risks to a level that is acceptable. Through the implementation of a systematic project risk management process, a number of consequential benefits were realised. These include:
BMT was appointed by Vopak Yang Pu, Hainan Storage Terminal to provide consultancy services on all matters relating to the marine facilities for the terminal development.
BMT was appointed to prepare the layout of two jetties at its Petroleum Storage Terminal at Banyan Basin, Singapore.
In view of changes made to Singapore QRA Guidelines (implemented in 2016), a Dutch storage major with a brown-field facility whereby the risk from the facility has not been assessed engaged BMT to carry out a Quantitative Risk Assessment (QRA) in accordance to both existing and new Singapore QRA Guidelines for the Terminal.
Adani Abbot Point Terminal Pty Ltd recently acquired the existing Abbot Point Export Terminal.