DENVER – (November 6, 2017) – The oil and gas company Chrysaor has selected RiskPoynt Barrier Model as their operational risk management solution.
Chrysaor tapped RiskPoynt in 2017 after searching for a software tool to improve their process for managing upstream operational risks. Chrysaor, which will become one of the largest producers of oil and gas in the U.K. after acquiring a package of assets in the U.K. North Sea from Shell U.K., needed a single Operational Risk Management Application which offered the following functionality:
· Manages operational risk and the mitigation of those risks
· Visualizes the operational health of assets across regions
· Identifies and analyzes the initial and residual operational risks
· Supports quicker and better decision-making with clear realization of risk and assignment of responsibilities
· Displays interdependencies on safety critical elements
· Allows prioritization of the most cost-effective risk reduction
Using the visual display dashboard of RiskPoynt's technological solution, the company's asset operators and executives will not only know the current barrier status related to process safety and asset integrity, but also will be equipped to demonstrate in real-time that these risks are being properly managed across the organization.
“We look forward to teaming with a company that shares our commitment to continuously improving the industry's health, safety and environmental performance,” says Tim Perman, CEO of RiskPoynt. “By providing the tools and knowledge to ensure safety and efficiency at their operations, RiskPoynt's solution empowers companies to shift their work culture from crisis management to risk management.”
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.
Chrysaor is a private company established in 2007 and focused on generating superior equity returns by developing and commercialising oil and gas incremental resources. The management team has a proven track record of success and seeks to acquire producing fields with associated undeveloped hydrocarbon resources. Chrysaor is now a self-sustaining full cycle E&P company, with a portfolio of assets balancing near term development with production growth, combined with significant gearing to appraisal and exploration success.
McDonnell Group, Inc.
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