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Aerial view of the Gulf of Mexico and the Bryan Mound storage site

SPR Risk Governance: Mission Readiness 24/7 Presented by William C. “Hoot ” Gibson, Jr. Project Manager Strategic Petroleum Reserve New Orleans, LA Presented to the PMI-GNO Chapter April 20, 2011 Dinner Meeting. Aerial view of the Gulf of Mexico and the

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Aerial view of the Gulf of Mexico and the Bryan Mound storage site

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  1. SPR Risk Governance: Mission Readiness 24/7 Presented by William C. “Hoot” Gibson, Jr. Project Manager Strategic Petroleum Reserve New Orleans, LA Presented to the PMI-GNO Chapter April 20, 2011 Dinner Meeting Aerial view of the Gulf of Mexico and the Bryan Mound storage site StrategicPetroleum Reserve Photo: U.S. Department of Energy

  2. Following is a Video Clip from the Modern Marvels Containers Series

  3. The United States Strategic Petroleum Reserve Who We Are and What We Do www.spr.doe.gov Crude oil is stored in 62 huge underground salt caverns along the coastline of the Gulf of Mexico. The world's largest supply of emergency crude oil. Bayou Choctaw West Hackberry Mgmt. Office in New Orleans Big Hill Bryan Mound Stennis, MS is the emergency facility for key NOLA personnel

  4. Excerpt from the SPR Mission Statement “… to reduce the adverse economic impact of a major petroleum supply interruption …"

  5. TheSPRMitigatesEconomicRiskstoourCountry‘s Economic System Hurricane Katrina (which shut down about 95% ofcrude production in theGulf of Mexico) triggered the second emergency sale; Desert Storm was the first. Equipment partially under water Picture of storm surge at the Big Hill SPR Water Intake Structure

  6. Washington, DC New Orleans Typical above ground SPR infrastructure How the SPR is Structured

  7. 24/7 Readiness is What We Do Best Projected Maximum Drawdown Capability (As of December 31, 2010) SPR Distribution Assets from Storage Cavern Wellheads to Private Oil Pipeline & Terminal Infrastructures

  8. Quick Recovery From Hurricanes Impacting the SPR Post Katrina, Gustav& Ike 2005 - 2010 A mobile, emergency response vehicle equipped with state-of-the-art communications capability enabling the SPR command structure to continue unabated. Creative Initiative Dynamic Response to Natural Disasters

  9. Driving SPR EnterpriseRisk Management 2011 Program initiatives and major projects consider risks. Strategic plans & operational readiness consider risks. Integrity of the Cavern Storage Infrastructure Drawdown Readiness Security Readiness

  10. Preparing for a Kinetic Future 2012 - 2021 Understand & Manage Geotechnical Uncertainty Dynamic Risk Assessment Creative Initiatives

  11. Opportunity Governance Vision Risk Governance Vision Staying Ready • Environment • Safety • Health • Strategy Targets • Risk management maturity • Improved risk-based decisions • Process Targets • Risk management is fully integrated in all key processes • SPR People Will • Continue succeeding through teamwork • Continue taking ownership of uncertain outcomes • Business Targets • Sustainability enhanced by efficient and dynamic risk governance

  12. SPR Risk Governance: Mission Readiness 24/7 Thank You What Questions Can I Answer?

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