Conducting a broad risk assessment covering both on-shore and off-shore risks allows the organisation to understand their risk profile and the geographical region they are entering - Vic Pretorius, Senior Advisor Aeger Group AS
Global resources become scarcer and traditional markets for the extractive industry become saturated. Our client has no option but to diversify geographically into higher risk and higher reward regions. This carries not only security risks but also distinct business risks. Within this context, our overarching approach relied on becoming a vital business enabler through shaping governance that could respond robustly to the environmental-specific risks and ultimately position the organization to fulfil its strategic objectives.
How did we achieve this
Conducting a broad risk assessment covering both on-shore and off-shore risks allows the organisation to understand their risk profile and the geographical region they are entering.
The sustainable value added
Risk and responsible risk-taking form part of every business decision, repositioning the organisation, identifying opportunity in risk and understanding mitigative control measures as long-term improvement agents that drives change.
Opportunity in Risk
Responsible risk-taking and understanding risk as a catalyst for continuous improvement were at our approach's core. As risk was identified and mitigative control measures implemented, the organization could expand its confidence levels, drive improvement within the new geographical area, and take gains into the broader organizational stream. As a result, the organization could grow, share information and lessons learned internally, and reposition its business to respond to future geographical diversification.
Amund Ole Fleskvik, Vic Pretorius and Jahn-Helge Flesvik have been on the Aeger Group's team for the work our client wanted us to deliver to them through our expertise to support their demanding operations internationally. If you want to read more about our expertise, you can look here
Global provider of engineered products and services. They develop products and services for use throughout the lifecycle of an offshore oilfield, from drilling to decommissioning. They operate one of the world's premier fleets of work class ROVs. Additionally, they are a leader in offshore oilfield maintenance services, umbilicals, subsea hardware, and tooling. They also serve the aerospace, defence, and theme park industries.