Oil and Gas
A growing regulatory environment has led oil and gas operations to pursue a broad range of governance, risk and compliance initiatives in an era where risks are interdependent and controls are shared across the enterprise, having different software solutions to manage GRC processes is costly and inefficient.
IsoMetrix offers a single, integrated solution for managing all disciplines within Governance, Risk and Compliance, across all phases of an oil and gas project life cycle.
IsoMetrix reduces complexity by removing the need for integrating different systems and databases, and provides a holistic view of the health of the governance of the enterprise.
The sophisticated dashboards, powered by QlikView, allow you to monitor by exception through analyzing trends, managing variability and drilling down to record level detail.
At the heart of each IsoMetrix solution, is the Central Action Manager and all actions can be tracked to closure.
IsoMetrix is an ultra-agile technology. The flexibility it offers allows your solution to evolve as your project’s requirements change, quickly and easily.
Non-technical people can adapt the modules using a simple drag and drop process. This functionality means the costs of on-going enhancements to the system are dramatically lowered without compromising data security.
Such as the agility of the product it can easily be used to replace the spreadsheets and work document and typically proliferate any organization. Notice how the fields of the word document and easily be created with a secure audible web-based module.
Impacts occur throughout the entire lifespan of a project. The IsoMetrix range of solutions supports the management of all aspects of GRC across the life cycle of the project.
During the exploration phase many of the same processes that affect a production project would be applicable on a smaller scale and typically within a localized area of the planned site.
Stakeholder relationships, reimagined
From the outset of an oil and gas project, all stakeholders need to be identified and assessments of the impacts of the proposed sites need to be carried out.
It is important that relationships with local communities are well managed right from the initial engagements.
IsoMetrix allows you to record the results of all interactions with local communities, commitments made and complaints and grievances lodged.
The IsoMetrix Compliance Solution assist users to ensure that all activities are compliant with local and international legislation as well as other relevant standards, codes or procedures.
Within the IsoMetrix Compliance Solution, risk of non-compliance can be continually monitored and the effectiveness of controls rated.
Within the development of the plant, strong safety protocols are needed to ensure hazardous activities are understood and risks inherent.
IsoMetrix allows you to record all incidents and non-conformances, and to analyze movements so that effective measures can be implemented.
Social impact needs to be minimized, with all aspects assessed, controls put in place and incidents investigated.
Emphasis is placed on the management of livelihood restoration, human resource development of local communities and the ongoing local content verification process.
A Geographic Information System, or GIS, allows you to visualize and understand geospatial data, revealing relationships, patterns and trends and prescribing action.
IsoMetrix data can be dynamically mapped to the GIS system through standard IsoMetrix integration objects.
The dataset is then exposed to processing programmed, like MapGuide or ESRI, where the attributes contained in IsoMetrix are visible.
Geospatial information and Georeferenced photographs can also be included in standard IsoMetrix operational reports.
To ensure smooth operations during production, compliance with material licenses and authorizations such as approvals of social and environmental impact assessments, is imperative.
For companies needing to report against sustainability reporting standards like IIRC or GRI. IsoMetrix enables these key reporting indicators to be generated at any point in time, on any device.
IsoMetrix provides integrated Occupational Health and Hygiene Management, along with Medical Surveillance, Primarily Health Care and Wellness and Clinic Management.
Implementing the IsoMetrix risk management solution ensures that deep conditioning and environmental protection efforts are managed correctly. Thereby minimizing risk exposure.
As for the exploration faze many of the same processes that affect the production project would be applicable on a smaller scale during the decommissioning and closure phase.
Manage the life cycle of your oil and gas project using IsoMetrix.
Challenges faced by the oil & gas industry
The oil & gas industry faces a multitude of ESG regulations around factors like emissions, carbon footprint and land usage. Local laws and regulations are stringent and change frequently. Keeping track of evolving legal obligations and ensuring compliance through all phases of the oil & gas lifecycle can be time-consuming, even overwhelming. Upstream, midstream, and downstream operations each have their own set of EHS considerations and face scrutiny from both internal and external stakeholders.
The high-risk nature of oil & gas presents a challenge in itself. With the utilization of dangerous machinery and transportation of hazardous materials in day-to-day operations, mitigating the risk of catastrophic events occurring, such as oil spills and drilling blowouts, is of the utmost importance.
Social sustainability is another complex challenge, and is a critical component to operational success. According to a study by BSR, 73% of oil & gas projects were delayed due to social factors, including stakeholder resistance.
How IsoMetrix can help
IsoMetrix provides a single, centralized platform to measure, manage, and mitigate the environmental, health, safety, sustainability, and social risks that are unique to each phase of the oil & gas lifecycle. The system is roles-based, meaning each user has an intuitive interface with access to the modules that facilitate success in their individual jobs.
Our solution is integrated with all major regulatory content providers to ensure you remain informed of changing regulations and stay compliant with local laws at every site. The platform allows you to standardize risk assessments across every location for easy comparison and trend analysis – enabling you to identify leading indicators before risks materialize.
IsoMetrix’s proprietary Golden Threads technology empowers you to predict incidents before they happen, so you can prevent them by putting the proper controls and processes in place. Track employee training and certifications, manage regulatory permits, PPE, stakeholder engagements, sustainability and ESG reporting, and all other oil & gas KPIs in our intuitive platform.
Protect your social license to operate by prioritizing the management of grievances, community issues, socio-economic development, and stakeholder concerns. Set actions to address these issues and easily track them to completion. Ensure your corporate social responsibility commitments and obligations will be met effectively, timely, and in line with company standards. With online and offline data capture capabilities, IsoMetrix is built to streamline workflows for corporate and remote workers.
IsoMetrix is the ideal tool to manage the full scope of an oil & gas project from exploration through reclamation, with specific modules developed to support every upstream, midstream, and downstream activity. Schedule a demo today to explore how IsoMetrix can drive improvement at all levels of your organization from management to the front line.