Dyadem says it’s possible to turn a burdensome regulatory regime into a big positive Last week in this space it was noted that the management concepts relevant to promulgating IT standards — including those for the petroleum industry — could be seen as a subset of a conceptual framework bearing more generally on regulatory efforts of all stripes. After attending a recent Dyadem event on “risk lifecycle management,” it seems this function, with its emphasis on “management of change,” shares some of its vocabulary with the ever-more-discussed project-management discipline. But risk management is a regulatory function too, focused on meeting the requirements of OSHA 29 CFR 1910.119 for process safety management (PSM); and that can be a big deal in oil & gas and process industries. Other industrialized nations have very similar regulations, albeit with variances in prescription and enforcement. Dyadem sells software and services for risk lifecycle management, and in the last several years it has grown its products from being mere point applications into an enterprise solution, meaning that today it has a collaborative, workflow-based platform of integrated modules that address those five of the 14 PSM elements mandated by OSHA most in need of being automated, including: • Process hazard analysis; • Management of change; • Incident investigation; • Pre-startup safety reviews; and • Compliance audit. The “lifecycle management” part of the moniker has its own connotations: as being more than the mere meeting of regulatory requirements or just reacting to the recognition of risk. It’s about taking “a proactive approach through cultural adaptation, understanding the costs of risk, and realizing the financial and human benefits of having an enabling technology that can profile patterns of risk across processes, assets, operating units, and entire companies,” said Kevin North, president & CEO, Dyadem. Doug Arthur, senior staff, environmental health and safety risk analyst, Anadarko Petroleum Corp., said his company is using Dyadem’s Stature RLM solution on multiple offshore drilling rigs in the GoM. “The first homegrown electronic management-of-change program we used was very rigid. When the merger happened we had to revert to paper forms. “Dyadem’s management-of-change function was key to our selection process, and with multiple facilities, we needed a central access point for tracking, approving, and addressing action items,” said Arthur. On the one hand, many companies try to do PSM using Microsoft Excel or Access. Scalability and security issues can quickly follow. On the other, the SAP enterprise system covers some PSM requirements, but some say it doesn’t have the depth of functionality most companies need. Experts would advise not trying to customize SAP ERP to meet those needs. Stature RLM does integrate with SAP asset data and work orders, and that integration will be more robust over time, says Dyadem. If risk management is a fractured process due to its multiple, isolated systems for assessment, mitigation, and change, then Stature RLM is a solution because it unifies those disparate functions into a single, continuous closed-loop improvement process, including for the following: • Process hazard analysis, or risk assessment; • Incident management; • Global risk registry; • Management of change; • Closed-loop action tracking; and • Analytics, including reports and dashboards. “Guys like us, we love integration,” said David Derup, director, oil & gas, environmental health and safety IT services, PSRG. “The key to making this more than compliance is the integration of asset and human capital information to allow predictive management, dashboards, and an impact on the bottom line.” Integration makes the merging of disparate functions possible, and the modern enterprise’s high level of integration may very well be why domain experts involved in standards, regulations, risk, and project management, as well as other disciplines, increasingly speak the same conceptual language.
2024-03-01 - The U.S. oil and natural gas rig count is at its highest since September 2023.
2024-02-29 - Bids for the 13 shallow water blocks offshore Trinidad and Tobago are now due on May 27.
2024-02-29 - Upstream majors dive into deeper and frontier waters while exploration budgets for 2024 remain flat.
2024-02-28 - TotalEnergies said the Danish North Sea project will take about four months to ramp up and is expected to produce 2.8 Bcm/year.
2024-02-28 - ConocoPhillips is expected to begin production at its Eldfisk Nord project before the first quarter ends.