Petroleum Development Oman Selects IHS Operational Risk Solution
Colorado - 18 July, 2013 - IHS (NYSE: IHS), the leading global source of information and analytics, today announced the winners of the 2013 IHS SPECTRUM Excellence Awards, which honor outstanding leadership in the use of advanced information systems and best practices to achieve environmental, health and safety (EHS) and sustainability business goals.
“Managing operational risk is part of Operational Excellence for any asset-intensive company. Trying to manage all of the inherent risks in multiple systems is extremely difficult ,” said Scott Lockhart, IHS Vice President, EHS and Sustainability. “The IHS Operational Risk Solution provides powerful automated tools that enable comprehensive operational risk management to turn data into knowledge for faster, more confident decision-making that drives Operational Excellence.”
PDO will use a single system to manage its HSSE data. The IHS Operational Risk Solution provides visibility into the company’s risk profile and helps prevents losses and increase shareholder value through continuous improvement.
“We have worked with IHS solutions in the past and based on our requirements we are proceeding with full-capability management of incidents, risk assessment, action tracking, observations, meeting tracking, user training etc. that meets our business needs,” said Saeed Maamary, Head HSE Corporate Planning at PDO. “PDO SMEs conducted a value assessment workshop that identified the business process improvements we wanted to achieve in order to advance our operational risk program to world-class performance standards.”
PDO selected the IHS Operational Risk Solution based on its ability to:
For information about the IHS Operational Risk Solution, visit http://www.ihs.com/products/ehs-sustainability/operational-risk/index.aspx
IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today's business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs 6,700 people in 31 countries around the world.
EnVizTec is a provider of technology and services to fulfill the needs of progressive companies to achieve high levels of operational excellence, innovation, collaboration and continuous improvement in quality and safety. EnVizTec provides a range of solutions which leverage our collective experience in Operational & Quality Risk Management, Product Innovation and Collaboration tools. Our experience extends across a wide range of industries including Automotive, Aerospace & Defence, Manufacturing, Consumer Goods, Process, Energy and Resources via long-term relationships with industry-leading corporations and suppliers.