Overview
Oil and gas companies are under ever-increasing pressure to demonstrate strong a sustainability strategy and environmental management policies. ISO14001 certification and on-going management is an imperative yet it can often be an inefficient process draining valuable resources.
This powerful SaaS solution is proven to dramatically simplify the initial accreditation process and provides a powerful platform for on-going compliance and risk management that displays your status in real time.
The challenge
Oil and gas companies are subject to increasing regulation and compliance especially in areas of information security, quality management and environmental sustainability. Managing the compliance to regulation and company policies is an increasing burden on typically small compliance teams. This is further complicated in the case of joint ventures, operational centres and frontline exploration which cannot always take advantage of more mature functions, tools and processes in the corporate HQ. Reputational management in the broadest sense is continuing to gain priority in the boardroom of large and mid-sized oil and gas companies.
Environmental or Sustainability Management centres largely around ISO14001 compliance – both initial accreditation and ongoing alignment. This in turn shares a lot in common with Quality Management standards such as ISO9001.
The heart of any strong compliance infrastructure, not least in ISO14001, is setting out clear objectives, and then ensuring they are met and there is a record of compliance and non-compliance. Typically, small teams are left to piece together multiple processes all captured in disaggregated spreadsheets, often with substantial requirements for external consultants to both support the compliance projects and assessment but also to actually run the programmes. There is also substantial complication on legal aspects to these programmes whereby the cost of mistakes can be high, both in terms of finance and reputation. Finally, due to large long-term capital bias to exploration projects, there is a strong multi-generational challenge with digital and physical solutions – often bought over decades – the need for tightly interwoven asset management is even more significant.
Our approach
This proven and cost-effective SaaS solution, already deployed in 6 continents and 10s of countries, delivers a robust yet efficient single unified platform to reduce the fragmentation, drive efficiency, and drives strong risk management across the broad space of quality management and environmental management or sustainability. In particular the solution can help:
Unification of the typically fragmented approaches
Board level governance, reporting, and dashboarding
Proactive risk management using predefined templates to ensure an organisation asks all the right questions
Multi-user role-based access allowing flexible usage across the entire stakeholder community
Flexible licensing – spin this up for a JV and turn it off when no longer needed
Extend the governance and risk assessment to your supply chain – remove significant workload and complexity of extending Environmental Management outside your organisation
The same core platform can also extend to quality management (e.g. ISO9001) and Information Security governance (ISO27001). Pre-defined templates mean you do not need experts deeply involved in the programme management side – utilise the experts where you really need them, and gain efficiency and simplification at the heart of the compliance management process.