Originally posted on GEO ExPro Magazine
Anyone who has been in the oil and gas sector for the last 20 years or so has seen vast improvements in the use of technology to advance operational efficiency and reliability. The improvements in assessing operational readiness of equipment and systems are one of the great stories of the 21st century. So why are we still using archaic risk assessment methodologies as attestation that we are ‘safe to start’ and ‘safe to operate’? These outdated methods include static, manual, and ‘just-in-time’ risk assessments and registers. Here is a short self-assessment on operational risk management:
If you answered ‘no’ to the aforementioned questions, congratulations! From our interviews with prospective clients over the past ten years, we can say that you are in the extreme minority of oil and gas organisations. While many have embraced new hardware and software solutions to improve both the quality and quantity of data that is used for predictive analytics for preventative and reparative maintenance and operational efficiency, very few have invested in similar solutions to manage operational or process safety risks.