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September 16, 2021

ESC supported a top-tier oil & gas firm to mitigate potential financial liabilities

Australia
Oil, Gas and Chemical
Site Investigation & Remediation

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ESC conducted a Health, Safety, Environmental and Operational Risk Assessment for the divestiture of a downstream portfolio of fuel terminals, retail stations and refinery in Australia in 2013/14.

About the Project

Together with our partners ESC determined the potential financial liabilities related to the overall portfolio and recommendations were made for mitigation of potential liabilities by contractual protection and for issues which could impact the transition to new ownership. ESC provided transaction support throughout the sales process, liaising with interested bidders to support technical queries.

Our Approach

The assessment was carried based on the ASTM E1527-13 Standard Practice for Environmental Site Assessment: Phase I Environmental Site Assessment, an international standard adapted for use in Australia.  

The site characterization included desktop study and site visits to assess the current operations to identify site sensitivity and potential areas of concern, including evidence of below-ground contamination, presence of underground storage tanks, hazardous substances used/stored on-site and/or other storage areas, vehicle filling/ discharge areas/ Interceptor pits, drainage sumps and so forth, waste storage/ disposal areas, evidence of spills, leaks or waste disposal on-site and review of permits, licences and approvals from the relevant authorities. The due diligence also focussed on safety management practised at the main sites.

Outcome

Based on the findings ESC determined the potential financial liability related to the overall portfolio and recommendations were made for mitigation of potential liabilities by contractual protection and for issues which could impact transition to new ownership.

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Client Testimonials

ESC thinks out of the box. They can come up with conventional solutions. But they are better in providing a solution fit for the company - one that feeds your organization. 

ESC is focused on helping us solve our problem. Even if it means sometimes going out of the scope of what was originally agreed upon. So as a client, I can focus all my efforts on solving the problem.

William Wong

Head of Technical, Chemical Specialties

We had no experience at first in dealing with Safety Cases and dealing with authority. When we have an issue, we ask ESC. Just one look at it, ESC already knows what to do. They  advise us accordingly and professionally and tell us what to do what to follow and to know. Our partnership with them produced good results.

Mohamed Suhaimi

SHEQ Manager, Banyan Caverns

I do appreciate the times when ESC was there to help with an open channel and service-oriented communication. Ease of communication is what separates ESC from other consultants.

Mohamed Fareed

Regional Environmental Health and Safety Manager, AirTrunk

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