2012 Sustainability selection - SBM Offshore

protection against loss or damage to the unit itself. Insurance for named windstorm damage in the Gulf of Mexico
is limited to policies available at a reasonable price bearing in mind risk probability and likely impacts.
Offshore Health and Safety
SBM Offshore has a duty of care to protect the environment and all personnel involved in its operations from
potential health hazards posed by hydro-carbon processing and toxic substances in an offshore environment. The
employment of internal experts, a robust Group Management System and vessel-specific design along with
Operational Safety Case studies are all important elements in evaluating and mitigating health and safety
hazards.
In addition, management system codes of practice covering the management of Benzene, Mercury and other
hazardous substances, apply onboard FSOs/FPSOs.
Crisis Management
The Management System includes Emergency Contingency Planning, which has procedures for responding in an
efficient and predetermined way to any emergency onboard an offshore unit.
The Monaco Emergency Control Centre (MECC) will co-ordinate the management of any emergency, the MECC
comprises:
• An Emergency Control Room, under the responsibility of the Production Operations Manager.
• Infrastructure allowing direct lines of communication between all relevant parties.
• A Relative Response Room, allowing direct communication with the families of the offshore crew.
• A Media Response Room.
Corresponding emergency management arrangements are in place in all overseas management offices. The
Group holds regular emergency response simulation exercises, involving offshore units, ‘in country’ management
offices, the MECC, local facilities, and clients.
Debriefing takes place immediately after an exercise. The debriefing is fully documented and any lessons learned
are incorporated into the Emergency Contingency Plan.
Payment Risk
Before agreeing any major contract, experienced legal, financial and risk professionals complete a detailed review
of the potential clients credit status and the proposed terms and conditions. Bank and parent company
guarantees are negotiated with clients and if doubts remain concerning the client’s financial health, payments due
in respect of supply contracts are covered by Letters of Credit.
Payment risks involving banks and insurance companies are managed within reasonable credit limits, adjusted to
take into account their credit ratings.