Oversight & Regulation

Meeting your obligations

 

Clear management oversight and meeting regulatory demands are imperative in well operations. You must be able to demonstrate these to your direct management, partners and investors, governments and regulatory bodies, insurers and increasingly the public. You need to effectively communicate and give assurance that you are on top of your obligations.

Regulatory Obligations

Regulatory safety and environmental regimes are developing globally. High profile incidents such as that at Macondo, have accelerated development and adoption of regulation.

Examples of these are:

  • BOEMRE in the United States
  • NOPSEMA in Australia
  • PSA in Norway
  • Offshore Safety Directive of the European Union

Obligations of regulatory regimes include:

  • Well operators are able to demonstrate competency to discharge their duties
  • Applying best practice in risk assessment and reliable management systems
  • Detailed well design and operating plans pertinent to the particular circumstances and hazards of each well operation
  • Risk reduction measures kept under review in the light of new knowledge and technology developments
  • Requirements for public consultation
  • Focus on environmental protection
  • Independent well examination and verification

 

Eikos

Truth in drilling project management

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You can meet this challenge with Eikos

You can use Eikos software to be in the best shape possible for drilling your next well with a clearly defined well delivery process.

  • Provide clear management oversight
  • Demonstrate to regulatory bodies and governments that your company is a compliant, responsible and reliable licensee

Your management and regulatory authorities will clearly see that you are meeting your obligations as you explain and illustrate the processes you have designed and how your team implements them.

Industry Challenges

Project Delays<br/>& Cost Overruns

Project Delays
& Cost Overruns

If you do not change direction you may end up where you are heading

Business Cycles

Business Cycles

Issues related to staffing will be the most critical challenge we have ahead of us

Global Lost Production

Global Lost Production

Over $30 billion lost every year for well integrity reasons

Well Risk Insurance

Well Risk Insurance

Mind the gap

Performance<br/>Advantage

Performance
Advantage

Tipping the balance in your favour

Unnoticed<br/>Losses

Unnoticed
Losses

The hidden cost behind apparent best practices

Oversight & Regulation

Oversight & Regulation

Meeting your obligations

Unseen Risks

Unseen Risks

Mastering Well Integrity is impossible if you cannot see the real risks

Well Abandonment

Well Abandonment

Avoid a sting in the tail

Catastrophic<br/>Failure

Catastrophic
Failure

We can’t afford to lose reputation – even a shred of reputation