中东能源行业基准报告

Leveraging data analytics to provide insights Contents Foreword This is the fourth edition of the risk quality benchmarking study for the MiddleEast energy industry. In 2013, Marsh issued a paper that set the context tocompare the risk quality of the region against more than 500 global facilities.In 2015, Marsh repeated the study to understand developments in the landscape,and in 2018, a comparison of the evolution from 2014 to 2017 was carried out toexamine changes in the region. In this report, Marsh assesses the changes thathave happened in the region between 2013 to 2021. These new tools include a catalogueof 2,000 risk ranking surveys from 800sites across five continents. These tools,data, and Marsh’s comprehensive riskengineering offerings, continue tocontribute to improved risk quality inthe region. The proprietary systems have beendeveloped and enhanced over thepast 30 years and are informed by theviews of both Marsh’s risk engineersand underwriters. This paper presents the regional trendswithin risk quality in the energy industryin the Middle East, with a comparativeview of global peers. The objective is togive industry operators and insurers anunderstanding of the risk quality acrossthe industry. This includes the impactsof marked global topics, such as climatechange, and the increased relevance oftopics that are becoming more prevalentsuch as environmental, social, andgovernance considerations, digitalization,and the effects of the COVID-19 pandemic. Marsh developed its benchmarking toolto provide a proactive risk improvementapproach based on current standardsand best practice, in sharp contrast toimprovement plans, based on historicalperformance. For many of our clients,these benchmarking reports have alreadyproved to be a catalyst for change. Marsh’s risk ranking system provides anabsolute measure of risk quality whencompared against a defined set of criteria,while benchmarking determines a client’s(or even a region’s or industry’s) positionrelative to its peers. Since the last benchmarking report in2018, Marsh has developed new analysismethods and tools that have contributedto an enriched view of the global andMiddle East energy industry. DAVID CAUSI Consulting and analytics riskengineering leaderMiddle East and Africa Executivesummary There has been continuedimprovement in the risk qualityof Middle East oil, gas, andpetrochemical facilities comparedto the global industry. It isparticularly notable that in manyareas the rate of change in theMiddle East region continues toincrease, whereas the global industryrisk quality is in relative decline. While risk quality in the Middle East improved between 2013and 2021, there have been minor fluctuations over the last10 years, as seen in the 2018 study. These fluctuations weremost notable during 2020, a time characterized by the globalCOVID-19 pandemic, where there was a perceived decline inrisk ranking quality. Since 2020, operators in the Middle East havebeen more proactive. Measures have beenestablished that allow energy operators to bringin specialized staff for key tasks, reducing thelikelihood of postponement in planned generalmaintenance and turnaround. During theCOVID-19 pandemic, a crucial topic was staffingassessment and identifying the minimumstaffing required to run operations safely.Marsh engineers and risk engineers from theunderwriting community played an importantrole in supporting operators in assessing andmanaging risks in this challenging period. This approach has strengthened the capabilityof operators to respond to large emergencyscenarios, typically characterized by thelimited likelihood of occurrence but, at thesame time, extreme consequence in terms ofdirect damage and production losses. The high risk improvement recommendationcompletion rates across emergencycontrol topics, by some of the large MiddleEast regional operators, are likely to bea significant contributing factor that hasenabled the region to achieve such a dramaticchange compared to the rest of the world.This suggests a high degree of integrationbetween risk engineering advisers and energyoperators in the region compared to otherparts of the world. Additionally, it showsthe improved maturity of safety culture inthe region, as energy operators use riskengineering surveys to benchmark themselvesagainst industry peers and implementimprovements to reach the top quartile. As we found in our 2015 study, the mostnoteworthy improvement in the region is onceagain in emergency control, where scoreshave moved from the lower middle quartile tothe upper middle quartile between 2013 and2021. Historically, Middle East facilities investedheavily in hardware (such as fire water networksand fire and gas detection), but these have notalways been fully maintained or well operated. The data in Figure 02 indicates that riskengineering efforts in the region havesuccessfully focused on emergency controlmanagement systems, an area where previouslyMiddle East facilities ra