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Business Continuity Management (BCM) identifies an organization's priorities and prepares solutions to address disruptive threats. It supports the design and implementation of detailed plans to protect the value creating operations of an organization. However, Business Continuity Plan (BCP) for offshore oil and gas facilities is not commonly developed by all Exploration and Production (E&P) companies, thus exposing some smaller (E&P) companies to significant risks arising from business disruptions. The proposed methodology was developed in accordance with the following standards; NCEMA 7001 (2015) Guidelines adopted by UAE government entities, ISO 22301 (2012) Business Continuity Management Systems and Business Continuity Institute (BCI) Good Practice Guide (2018). This case study demonstrates the application of these standards for a marginal crude oil E&P company encompassing offshore facilities. The paper describes the business continuity plans developed for offshore facilities, which includeWellhead Processing Platforms (WPP), subsea pipelines and the floating assets, such as the Floating Production, Storage and Offloading (FPSO) vessel, or a Floating Storage and Offloading (FSO) vessel, based on various major operational disruptive scenarios e.g. the scenarios encompassing the loss of facilities, people and/or supplies etc. Unlike the BCP for an office location, it is shown that a hybrid strategy (standby and post requisition) is more appropriate for offshore facilities due to the inherent logistical complications of an offshore operation. A standby technique is used for short-term interruption of the facilities, while a post-incident acquisition technique is applied for longer term unavailability incidents. An appropriate recovery strategies is developed for all case studies to achieve the Minimum Business Continuity Objective (MBCO) prior to the operation's full recovery. Finally, this approach facilitates the validation of the BCP. Business continuity management is emerging as an essential part of sound corporate governance, but knowledge and experience in BCM by E&P companies is not yet widespread. The case studies presented in this research provides valuable guidance on the development of business continuity plans in accordance with international standards, and demonstrates how the implementation of BCM alongside an effective Emergency Response Program (ERP) increases the level of business resilience of an organization. |
