LLOYD’S REGISTER IN THE ENERGY SECTOR AT A GLANCE Lloyd’s Register applies its technical and engineering expertise to help operators and regulators across the oil and gas, chemical and petrochemical industries design, construct, operate and decommission their critical assets, and deliver projects to their highest levels of safety and performance.
We apply our expert solutions and independence, from reservoir to refinery and beyond, to assure the integrity, reliability and success of every aspect of a client’s operations. Helping maximise productivity and recovery, reduce operating costs, mitigate risk and demonstrate compliance with government regulations, industry codes and standards.
200 wells
We draw on over 250 years of solutions-led thinking and technical innovation to respond to new challenges, while retaining our commitment to independence, integrity and doing the right thing.
We help our clients in the areas of: Consulting
Asset Inspection
On Target Project Delivery Ensure successful management and delivery of projects and activities: safely, on time and on target. Consulting
Risk and Safety Improve safety and reduce environmental incidents or near misses: protecting lives, assets, environment, investments and reputations.
Asset
Inspection
Drilling
Optimise Asset and Operational Performance Maximise asset (reservoir, platform, plant) productivity, reliability and increase uptime of critical equipment. Drilling
Life Extension Extend asset life and create a smooth transition from late life operation to decommissioning.
Compliance
Compliance Ensure design, critical equipment and projects comply to all specifications and standards.
Technology
Op1: Performance Management
Technology
Compliance
Consulting
Asset
Op2: Performance Management
Drilling
Inspection
Innovation Support adoption and application of innovation and new technology, and extend skills base. Technology
Compliance
Appointed Wells Duty Holder (well operator) for multi-asset portfolio which included a well stock of over 200 wells acquired by new entrant to UKCS.
0
$80
million Developed a business transformation strategy, supported by key performance management tools, to deliver a 40% reduction in well costs over a two year cycle – equivalent to a saving of over $80m.
Hydrocarbon leaks in a three month period, reduced from 900 per year.
$3m
Our approach to performance drilling saved an Operator in excess of $3 million by driving operational improvement throughout a three well campaign.
%reduction 30 95% First year availability
against drilling industry average of 80-90%.
Our maintenance optimisation methodology and software solution, RTAMO™, typically yields a 30% reduction in planned maintenance costs.
0 SHAREHOLDERS
We are financially and politically independent and our services are truly impartial. Lloyd’s Register is wholly owned by the Lloyd’s Register Foundation, a UK charity dedicated to research and education in science and engineering.
N1 o
80
We are the no.1 provider of verification services to offshore operators in the UK by market share.
%
We inspect 80% of the world’s offshore oil rigs.
In fact, we’re the leading provider of independent risk management services to the drilling industry.
100 30
%
Outsourced well management projects.
Achieved 30% reservoir production improvement.
$12billion
We advised on over $12billion worth of assets evaluations over the past 12 months.
40
%
Our drilling audit and planning process identified cost savings of 40% for our middle east client.
Lloyd’s Register Group - Over 250 years of innovation - a snapshot of success 1760 Making a difference from the beginning
1930s Applying our expertise to energy
1940s Supporting the tranformation of the global energy infrastructure
1950s Helping to establish safe nuclear power generation
1960s Improving outcomes in the Oil & Gas sector
1970s Delivering a diverse energy mix
1980s Driving innovation
1990s Enhancing safety and productivity across the industry
2000s Driving improvements
2010s Making a real difference to modern communities
Now Shaping current and future industry
Lloyd’s Register is established and becomes the world’s first ship classification society. By the early 1880s, almost half of the world’s shipping is classed by Lloyd’s Register.
We diversify into the oil and gas industry, leveraging our expertise and experience in high risk capital intensive marine assets into critical energy infrastructure.
We continue to work on complex and largescale energy projects around the world, including a power station in Turkey and a hydroelectric scheme in Tasmania.
In 1953, we inspect Windscale nuclear power plant at Calder Hill, UK. At the opening ceremony in 1956, Lord Privy Seal described the project as “epoch-making”.
We work with BP on their first Canadian refinery at Ville d’Anjou and we publish the first classification notes for offshore platforms.
We support the emergence of renewable energy projects whilst also collaborating on the pioneering work to extract North Sea oil and gas. We gain accreditation to deliver ASME certification services to manufacturers worldwide.
We work on the Thames Barrier in London, a tidal surge barrier in Rotterdam and a 70-metre diameter wind generator.
Lloyd’s Register is now the leading classification society for LNG carriers. We are appointed the certifying authority for Hibernia, the world’s first iceberg resistant platform, help deliver the Sizewell B nuclear power plant and support the Hellenic Natural Gas Project.
We make a series of strategic acquisitions: Capstone (2005), ODS (2005), Human Engineering (2008), Celerity3 (2008), ModuSpec (2008), Scandpower (2010), WEST Engineering (2012).
From 2012, all shares in Lloyd’s Register Group are owned by Lloyd’s Register Foundation, a registered charity with a mission to protect life and property and advance transport and engineering education and research. We enhance our reservoir and subsea capability following acquisition of Senergy (2013). We deliver the first exploration well drilled in the Baltic Sea for more than 25 years. In 2015 we become the first foreign organisation to perform regulatory analyses for the Chinese offshore industry. In 2016, following the lifting of sanctions, we move back into Iran.
Lloyd’s Register continues to support innovative projects, such as Shell Prelude, the world’s first floating liquefied natural gas (FLNG) unit, providing classification and validation services. We continue to be a valued trusted advisor to industry and Government bodies, with agreements in place with the UK’s Oil and Gas Authority (OGA), State owned, Cyprus Hydrocarbons Company (CHC) and more.