One Eighty (Pty) Ltd, a South African industry leader in materials and metallurgical expertise, announced the establishment of their new Capital Projects Management Division at an exclusive launch event held at the Radisson Blu Hotel in Cape Town on the 16th of May attended by leaders in the Oil and Gas industry.
At the event, Dr Janet Cotton presented “The Missing Link in Capital Projects” and quoted Ernst and Young’s 2016 statistics which show that when it comes to oil and gas capital projects, ‘50% of projects are over budget, 58% of projects are delivered late and 42% of projects experience defects post completion’. In contrast, when One Eighty’s experienced team works on capital projects from the early procurement stage, they ensure the project is completed on time, on budget and delivers on what was promised – facilitating the creation and enablement of value on investment.
One Eighty’s expertise in this area was endorsed by Frederik Theron of Clough Murray Roberts who said Clough Murray and Roberts engaged with One Eighty at an early stage in a consulting capacity in the Sunrise Subsea LPG pipeline project to mitigate risk. “We believe the strategic involvement of specialized consultancies, like One Eighty, at an early stage in project lifecycles are a key aspect in delivering projects to our client’s expectations, and provides a technical and strategic advantage in the Oil& Gas marketplace”, said Theron.
Allseas also presented at the launch, giving attendees an exclusive presentation on one of the biggest capital projects in oil and gas – the launch of the largest construction vessel in history – The Pioneering Spirit. The Pioneering Spirit is truly unique vessel in size being six 747 Boeings in length and in capacity, it is able to lift 2.5 Eiffel Towers at once. “We were delighted to attend the launch of One Eighty’s Capital Projects Management Division and believe they will play an important role in managing and mitigating risk on capital projects”, said Jan de Boer, Senior Materials Engineer at Allseas Group.
One Eighty is already an established industry leader in offering integrated engineering solutions to organisations looking to mitigate risk on capital risk projects. “The great success our experienced engineers have had in delivering creative, high value, world class engineering solutions on major environmental, civil and commercial capital projects, resulted in the launch of this new division to focus exclusively on this area,” said Dr Janet Cotton, Founder of One Eighty.
About One Eighty (Pty) Ltd
One Eighty is an established industry leader in materials and metallurgical expertise, offering integrated engineering solutions across three main areas – Expert Witness Consulting, Material Testing and Capital Risk Mitigation. The One Eighty Capital Projects Management Division has trained around the world in Ireland, Switzerland, Australia and Germany, bringing unique expertise back to South Africa.
Today One Eighty has over 300 clients spanning multiple industries with over 50 clients based in SA, Europe and the USA who regularly depend on their integrated engineering solutions.
For more information, images and a copy of the One Eighty presentation, please contact: firstname.lastname@example.org