The Risk Management Tool Box Blog

Annual Report for the Risk Management Tool Box

Graham Marshall - Saturday, December 29, 2012

The shareholders of the Risk Management Tool Box Pty Ltd are pleased to publish the Business' Performance Results for 2012.

We know that open and honest talking with our stake-holders is important to building trust and earning respect.

We therefore openly provide information about our business, including reporting our performance against our annual targets.

2012 was another excellent year for our business.

Although there has been a gloomy global economic climate, our continued focus on the core business needs of our cornerstone customers ensured we've weathered the storm. 

In 2012 we benefited from our business' continued presence in the economic powerhouse of Western Australia, and our recognition of the future role of "unconventionals".

Our strategic focus on the needs of our key customers in "unconventionals" in the three "boom" areas of WA, coal-seam gas around Roma in the Surat Basin in Queensland, and in the "black-gold" boom in the Bakken in North Dakota, USA has kept us 100% busy throughout 2012.

Key accomplishments for the Risk Tool Box in 2012 include:

•  Co-winning with Hess Corporation, the Society of Petroleum Engineers' (SPE) and APPEAs Global Safety Innovation Award for 2012;

•  Broadening our knowledge and understanding about risk management requirements in unconventional oil and gas - particularly around "completion operations" and "frac";

•  Exceeding cash-flow and profitability targets;

•  Continuing to run a debt-free and cash-flow positive business for another straight year;

•  Meeting our tax obligations to the ATO;

•  Developing and commercialising our Hazard Observation Program with field-based trials with Eni (Australia);

•  Continuing our program of charitable donations throughout 2012;

•  Not recording any lost-time injuries;

•  Continuing to publish our Risk Tool Box safety blog as a free industry resource on a daily basis; and

•  Having a lot of fun along the way!

Unfortunately, we did not meet all of our targets. Performance was not as good as we had hoped in the following areas:

•  Our 49% shareholding in Eveleigh Consulting Pty Ltd (formerly trading as An Mea WA) has once again proved a great disapointment - with $0 delivered against our investment by Steve Williams and Sean O'Donnell, the management team of that business; and

•  We have not been successful in recruiting the people we need to grow the training-arm of our business;

But, despite those minor setbacks, we will continue to focus on our strong relationships with existing clients in Santos, Hess, Shell Development Australia and Fremantle Ports.

We will also continue to leverage the strengths of our staff in delivering high quality work from our offices in Perth to:

•  Consolidate and grow relationships with existing clients; and

•  Diversify our client base in our target industry sectors of oil and gas, particularly those involved in "unconventional" hydrocarbons.

Growth will be delivered by maintaining our office in Perth, and enhancing our training program with new customers.

Our strategy for 2012 has delivered value to our shareholders. It’s great to continue to return strong profitability and to reward the hard work of our staff by once again paying profit-based bonuses in 2012.

We are very confident that our continued presence in Perth, Roma (QLD), and in the Bakken, and our current focus on "unconventional" hydrocarbons means we're on the leading edge of the breaking wave in energy supply.

We are excited about our future and our growth plans are realistic and sustainable.

Post has no comments.
Post a Comment

Captcha Image

Trackback Link
Post has no trackbacks.

Recent Posts


Hess Australian OSH Codes of Practice Unconventional Gas Global Harmonized System Customer Testimonial Water Corporation NORM Nautronix Job Safety Analysis TK Shipping Raspberry Ketones Scam CSB Occupational Overuse Syndrome Sakhalin Energy Hazard Spotting Unconventional Hydrocarbons ENI Australia Working at height Hydraulic Fracturing ("fracking") Woodside Excavations Safety Culture Survey Office Safety Situational Awareness Nanotechnology NOPSEMA Chevron Safety Information Posters Santos Social Responsibility SPE HSE Innovation Award Crane lifts Safety Video Workplace bullying Safety Moment APPEA Hazard Awareness Fatigue Management Mining Rail Safety Supervision Safe Operating Procedure (SOP) Radiation Sources Manufacturing Safety "one per-center's" Psycho-social Hazards Slips, trips and falls Health Natural Hazard Newfield LOTO Toolbox talk Road Transport Risk Management Working with explosives Drilling Unconventional Oil OSHA Work in Confined Spaces Hospital Safety Process Hazard Management NOPSA Energy Model of Hazards Contract Risk Management UK HSE Best bars in the oil patch Isolation Control Safe at Home WA Resources Safety Incident Investigation PPE Driving Safety Catostrophic Disaster Hazardous Substances Oil Spill Response Procedure Training Course Safety Conference Construction Safety Safety Alert Railway Safety Pollution prevention Management of Change Behaviour-based Safety (BBS) HSE Leadership WorkSafe WA OHS Law Rosedale Abbey US OSHA Risk Tool Box Manual handling Call Centers Hot work Walking Safety Management Program Salute to Our Hero's Kinetic Energy Procedures Emergency Response Marine Safety Safety Awards Shale Gas MSDS Aviation Safety BP IFAP Thank God it's Friday Farm safety Hierarchy of Safety Control Shell Risk Assessment Kellogg Joint Venture one per center Total Safety PowerPoint Presentation BHP Billiton Ladder Safety ALARP Coal Seam Gas Save our Seafarers Campaign Bio-hazards Electrical hazards Fire Prevention WMC Resources


Blog / Terms of Use / Site Map / Disclaimer / Risk Management Tool Box 2009. All rights reserved. Web design by Luminosity. E-Commerce by JStores.