We carried out a fit-for-purpose technical due diligence of an existing bulk chemical storage terminal in Batangas, Philippines. The customer sought out our 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 us 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 has been providing engineering support to Muhibbah Engineering Bhd for the LNG Regasification Facilities Project, commencing from FEED for the LNG regas unit and the Island berth.
BMT developed the front end of engineering design and invitation to bid package for the upgrading of the existing jetty and construction of a new jetty at PT Pertamina oil storage terminal.
BMT assisted in the development of offshore oil facilities on Pulau Busing Island, off Singapore's busy south coast. The work was motivated by the increasing costs of oil, and the BMT team was in place to assess a total engineering design and project management consultancy for four new jetties.
Singapore's JTC Corporation, in collaboration with the Safety and Risk Management Safety Centre (SRMC) conducted a series of pilot Quantitative Risk Assessment studies to establish the applicability of the new QRA guidelines in the local context. BMT has been invited by JTC and SRMC to bid for the pilot study using new QRA guidelines on an existing manufacturing facility in Singapore.