Petrotechnics to share new approach to managing asset integrity risk at Oil & Gas IQ AIM, Stavanger

Stavanger, Norway
Stavanger, Norway

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 (AIM) 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. 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 minimise the impact on production.

Traditionally, organisations struggle to consistently and reliably capture the most appropriate data, which is required to provide them with accurate risk profiles of the status of the plant as well as the cumulative risk of all of the work scheduled to take place during a defined period of time.

Where organisations 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 systemise how operational risk is dynamically captured, visualised and managed across plants. With a common and improved view of operational risk, organisations 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.

Scott Lehmann, Vice President of Product Management and Marketing, said:

“We’ve been helping companies to lower operational risk and improve production efficiency for over a decade. We aid our customer in optimising how they manage the link between asset integrity and workload management to improve frontline operations.

“With Proscient, our customers are able to proactively optimise 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 is the ideal forum to share our passion and expertise.”

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 AIM 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.

Pixie Energy

Pixie logo Pixie Energy is an incubator and a facilitator of strategic research and project work, focusing on energy regulation, policy and markets at the local and national level. Find out more about Pixie Energy here.

Local Energy Matters: Scotland

Local Energy Matters: Scotland is a free-to-download brochure with a focus on energy tariffs in the two Scottish electricity distribution regions, as well news on local energy and low-carbon schemes.

Previous editions can be download here.

Scottish energy market overview

You can read an overview of the Scottish energy market here.

Scottish Government energy feed