Petrotechnics to Share New Approach to Managing Asset Integrity Risk at Oil & Gas IQ AIM, Stavanger

Aberdeen, 21 January – Petrotechnics, the global leader in transforming frontline operational performance and lowering operational risk will be presenting at the Oil and Gas IQ Asset Integrity Management Summit in Stavanger, 27th – 29th January 2014.

Petrotechnics will present a plenary session exploring the use of new technology to better manage Asset Integrity risk and improve production efficiency. The presentation will highlight the importance of achieving a holistic understanding of overall operational risk by linking Asset Integrity risk (barrier impairments) with the current workload risk.

In hazardous industries, the challenge to achieve better ways of managing Asset Integrity risk is ongoing and the failure to do so results in increased operational and safety risks to the asset, the people and the environment. The combined pressures of compliance, regulations and production efficiency add to these challenges and can significantly impact the bottom line, underlining the need for integrated and sophisticated programmes to minimize impact on production.

Traditionally, organizations struggle to consistently and reliably capture the most appropriate data required to provide them with accurate risk profiles of the status of the plant and the cumulative risk of all of the work scheduled to take place during a defined period of time. Where organizations have a holistic view of their operating environment including the health of their barriers, day-to-day risk and the dynamic interaction of the two, they can make more informed and effective decisions to lower risk and allow more work to be done safely.

Petrotechnics will highlight how Asset Integrity professionals can use new technology to systemize how operational risk is dynamically captured, visualized and managed across plants. With a common and improved view of operational risk, organizations can make better informed decisions to improve the overall the health, integrity, safety and efficiency of assets in order to get more work done safely and improve operational excellence.

“We’ve been helping companies to lower operational risk and improve production efficiency for over a decade. We help our customer to optimize how they manage the link between Asset Integrity and Workload Management to improve frontline operations”, said Scott Lehmann, Vice President of Product Management and Marketing. “With Proscient, our customers are able to proactively optimize the work schedule by managing workload against risk in the dynamic plan, enabling them to get more of the right work done safely, efficiently and sustainably. AIM Stavanger will give us the ideal forum to share our passion and expertise with the Asset Integrity Management audience”, added Lehmann.

Attendance at the event follows Petrotechnics’ recent partnership with Oil and Gas IQ’s Global Asset Integrity Event Series to provide thought-leadership and practical solutions on the topic of Asset Integrity risk management. This will be the second event in the series with Petrotechnics taking a leading role following the success of Asset Integrity Management Houston where Proscient was met with enthusiasm and interest from some of the leading Oil and Gas operators in the US and had particular resonance with senior Asset Integrity and HSE delegates.

For more information visit: http://www.petrotechnics.com/solutions/lowering-operational-risk

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For further details, please contact;
Jennifer Urquhart
Telephone: + 1224 395951
Mobile: + 7534 280540
Jennifer.urquhart@petrotechnics.com

Source: RealWire