Shaping the future - a review of performance for 2021

Outlook With the worst of the pandemic appearing to be over, we can expect to see a greater stability of demand and a more regular investment flow from our customers. We expect this to create further opportunities, with the potential to expand and deepen our customer base by drawing on the capabilities and contacts across the whole of BMT. In the energy sector, we expect increasing oil & gas prices to help us not only access new opportunities in clean energy, but also progress existing ones that are currently waiting for final investment decisions (FID). However, markets will remain competitive and investment in technology will be essential to maintain our advantage as competitors’ team up to accelerate their digital presence and embrace automation capabilities. The need for clean energy and pressure to protect the natural and built environment are rising up the agenda for both the private and public sector. While this plays to our proven strengths, it is also attracting new players keen to win business, even at low margins. Another challenge is the so-called ‘war’ on talent, which we can only win by continuing to provide our people with the right rewards in all senses of the word – from excellent remuneration and development opportunities to the prospect of exciting, purposeful work. While these challenges need to be addressed, we believe they will be worth the effort because the opportunities ahead to support the energy transition are substantial. Ultimately, our success will be defined by our ability to develop and progress technology to take on the challenges that matter and create efficiencies for our customers. ‘The need for clean energy and pressure to protect the natural and built environment are rising up the agenda for both the private and public sector.’ We are managing Chevron Australia’s Coastal Stability Management and Monitoring Programme (CSMMP), which measures the materials offloading facility (MOF) at Barrow Island. (Above) Finally, we continue to manage and implement Cockburn Cement Limited’s (CCL) Shells and Environmental Management Programme (EMP), which addresses the potential impacts of CCL’s resource dredging programme at Owen Anchorage, Western Australia. (Above right) ‘Cockburn Sound – Drivers, Pressures, State, Impacts, Responses Assessment 2017 Summary Report’ ›› 15

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