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PetroRio Selects RiskPoynt for Risk Barrier Management Solution


DENVER – (November 25, 2019) – PetroRio S.A. has selected RiskPoynt, the leader in operational efficiency and risk management, for its ORM Risk Barrier Management solution. This software is a response to the process safety trend worldwide and part of PetroRio’s HSE Excellence initiative. Phase 1 of the project comprises the implementation of RiskPoynt to monitor Polvo A platform, its subsea system and the export pipeline.

This initiative will allow PetroRio operational, technical and managerial teams to have access to the real time information regarding the degradation of any safety critical element, considering several sources of information, including those related to maintenance, fed from AMOS (A Computerized Maintenance Management System), management of change, integrated from Green Docs system, and other operational risk analysis performed along the platform daily routine.

RiskPoynt’s Cumulative Risk Visualization will enable PetroRio to promptly identify and mitigate any potential or real safety barrier degradation, preventing incidents and operational disruption, in addition to helping PetroRio improve the reliability of their production systems and availability of their safety systems. The next project phase will include Frade FPSO and its subsea system.

Industry research firm Verdantix recently recognized RiskPoynt as the market leader in risk barrier management, best among all vendors assessed in their Green Quadrant Operational Risk Management Software 2019 report in January.

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About RiskPoynt

The first software to integrate real-time asset telemetry into day-to-day management of operational risks, RiskPoynt translates complex risk assessments for each safety barrier into visual displays that are easy to interpret and act on by people at all levels of your organization, locally and globally. Learn more at www.riskpoynt.com.

About PetroRio

With a business model focused on the efficient production of oil fields already in production stage and cost optimization, PetroRio is one of the largest independent oil and natural gas production companies in Brazil and is already among the 10 largest in Brazil. The company is poised to capture earnings even in adverse external scenarios. PetroRio continues to develop a solid growth platform, aiming at generating value for its shareholders by increasing its production through the acquisition of production assets, implementation of efficient reservoir management, re-exploration, operational performance, reduction of production costs and corporate expenses, with full respect for safety and the environment.

Press Contact

Tory Robinson

McDonnell Group, Inc.

tory@themcdonnellgroup.com