BCM Guidance for the Oil & Gas Industry
Teed has been working with the offshore oil and gas industry for many years and has an in depth knowledge of the business continuity threats and issues specific to operators, suppliers and the wider industry. Initially working with companies operating in the UKCS, we have extended our knowledge and experience to assist oil and gas organisations in many other parts of the world including Norway, The Netherlands, USA, Canada, Africa and the Middle East.
The management of operated assets should include responsibility for ensuring that effective business continuity and contingency plans are in place to respond to events and disruptions that could imperil these facilities.
Business continuity management can be used to consider potential events that could cause an unexpected loss of operational dependencies (e.g. offshore infrastructure, people, supplies and services) and the resulting impacts to the business.
In assessing these risks from a business continuity perspective, the assumption is made that the worst case scenario can happen, however low the probability and is used in conjunction with traditional risk assessment processes. This combined approach enables operators to be sure they have assessed risks from all aspects and can implement appropriate risk controls, pre incident.
We have produced a number of information and guidance sheets on business continuity management for the offshore oil and gas industry to provide greater clarity on the potential risks faced and how effective business continuity planning can help deal with these. These can be downloaded using the links below.
Are you Prepared - Oil & Gas Business Continuity Survey.pdf
Oil & Gas Business Continuity Guidance.pdf
Minimising Operational Downtime.pdf
- Date: 6th July 2016