Today's Speakers:

Vikki Thom Subsea Business Manager

Ron Hardie Commercial Manager – Tendering

Cost Efficiencies – More Bang

for your Buck

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Unlocking Subsea

Productivity

THIS IS WHAT YOU GET….

Established in 2003

Leading subsea services provider

Core geography of North Sea and

growing internationally

Global fleet of five vessels

Fleet of 18 advanced electric modern ROVs

WHAT WE DO

• Established in 2003 • Leading subsea services provider • Core geography of North Sea and

growing internationally • Global fleet of five vessels • Fleet of 18 advanced electric modern

ROVs

Gulf of Mexico

North Sea

South East Asia

OUR LOCATIONS

WHAT IS USP?

• Framework with key clients

• Dedicated project delivery team

• IRM management database

• Schedule control to support shutdown and vicinity opportunities

• Managing and minimising risks across campaigns

• Works scheduled to ensure maximum efficiencies: transits, proximity, work type, etc.

• Streamlined processes

Access to vessels with no minimum commitment

THE CHALLENGE

Collaboration with supply chain - new ways of working

Repeated pressure on supply chain to cut rates

Independent Campaigns = Independent Costs

Non Productive Time – borne to each project

USP (Unlocking Subsea Productivity) collaborative shared campaign approach

Current Climate:

High cost base and short IRM scopes not viable

Challenge:

Behaviours, current mind set, buy-in

Opportunity:

Efficient, sustainable campaign management, cost savings

THE EXERCISE

Campaign Planned:

• 4 x clients

• Short IRM scopes

• Subsea portfolio managed

• Water depths and crew-changes

considered

THIS IS WHAT YOU GET…

• 60% reduction in cost

• 74 hours saved • 58% reduction

in time

Stand alone: 12.25 days,

£X total campaign, £X per project

USP: Reducing total campaign to £X,

Saving of £Xper project

40% reduction in cost, 74 hours saved,

25% reduction in time

Reduced time and cost, increased efficiency, sustainability

USP (Unlocking Subsea Productivity) = collaborative shared campaign approach

COLLABORATION IN ACTION

Workshop with 18 representatives from 6

operators

Charter principles discussed

Challenges - behaviours and mind-set

Charter Agreement finalised

IRM Campaign Builder Software embedded

3 clients signed Charter

Working on first campaign

• Innovative working relationship with key clients

• Traditional project costs significantly reduced

• Non-productive time minimised

• Savings opportunities and economies of scale realised

• Efficient framework for a cohesive approach to project delivery

• Sustainable

Maintain Status Quo or

Innovate & Pursue New Opportunities

PURSUE NEW OPPORTUNITIES…

Bibby Offshore

Atmosphere One

Prospect Road

Westhill

Aberdeenshire

Tel: +44 (0) 1224 857755

Email: info@bibbyoffshore.com

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