Oil & Gas Industry

Challenges

Oil & Gas companies have been early adopters of EHSQ solutions, as they need to efficiently operate in a high-risk, fluctuating, and heavily regulated industry. The responsibility to achieve ever-changing worker safety and environmental compliance across upstream, mid-stream, and downstream operations is a tremendous challenge – especially when the environment is compounded by fluctuating market prices, staff reductions, and the revisiting of capital project investment. According to the Oil & Gas Journal, “best-in-class companies that leverage technology platforms to manage safety and operations performance are reported to have 8% less unscheduled asset downtime (over those who don’t), 8% fewer regulation citations, experience a 13% reduction in compliance-related costs, and realize operating margins 2% or greater than targeted in the corporate plan.”

Solutions