Èpeus was asked to conduct an evaluation of the project and in particular the strategy and approach to the drilling facilities commissioning. Then to determine whether the project team could achieve its targets and deliver First Oil by 7th January 2005.

The Findings
The review was conducted prior to commissioning commencing and revealed that there was a less than 1% probability that the project would achieve it’s target. After building and running the project risk model a most probable realisation of first oil was on or around the 23rd of February 2005.

Project Outcome
First Oil from this facility was announced on the 22nd February 2005 one day ahead of the predictions from the È-value-ator study conducted at the end of the execution phase of the project.

È-value-ator has been designed specifically to provide you with information about the approach of different and crucial project entities and how that approach effects your project cost and schedule.