More Complexity, More Projects and MORE Risks to Manage.

Human and environment safety and health protection remains the No. 1 priority for all those that are stakeholders in the energy, utility and environmental companies. As stakeholders representing these companies, you all understand the burden of dealing with stringent EHS regulations across the entire span of their effect. These regulations are not only stringent but also constantly revised to take into consideration technological development and the more extreme conditions in which your companies operate.

Recent major accidents — the Deepwater Horizon drilling rig in the Gulf of Mexico in 2010 and the Californian San Bruno pipeline explosion in 2010, the Pemex pipeline explosion in 2012, refinery fires and shutdowns such as the ones in BP Cherry Point, Chevron Richmond, Amuay in Venezuela in 2012 and Fukushima Nuclear disaster — are strong reminders of the importance of being prepared for emergency situations, and are constantly influencing the activity of national and international regulators.

For instance, new offshore drilling safety requirements have been issued, as well as new pipeline integrity regulations such as the US Pipeline Safety Act. Reinforcement of greenhouse gas (GHG) emission caps is also of concern to refineries.

Why is it imperative to manage your operations seamlessly while reducing risk?

You require, as a minimum: accurate, real time and automated systems and processes to reduce enterprise risk. Predict360, a regulatory compliance software streamlines all the integrated activities, associated tasks and reporting to ensure all regulatory requirements are met. It vertically integrates all modules which allows organizations to manage their regulatory and compliance programs based on federal and state regulations through a single platform. These modules can then be further aligned with all EHS modules providing and integrated single solution to manage all you risks in the organization.

In the oil and gas industry, managing capital projects, in particular large capital projects, in a global environment is becoming increasingly complex. This is especially the case as large reserves are being depleted and the industry copes by drilling multiple smaller wells to compensate.

Our Predict360 software coupled with access to our industry specific experts allows your organization follow a consistent Regulatory Risk and Compliance Management methodology, which ensures all associated activities and task are constantly revised, aligned and updated with current regulations. The exact approach is pertinent for new projects and the tasks around how they are evaluated, selected, and prioritized based on parameters of importance to the company such as level of risk, AND MOST IMPORTANTLY expected return on investment.

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