Monday 18 June 2018

A memorandum on integrated and unified risk management in the petroleum industry aims to help companies in this sector to continue developing their own activities in this area.

Published by the Petroleum Safety Authority Norway (PSA), this document covers the following main points.

- Risk management can only function as intended when integrated in the other decision processes.

- Before decisions are taken, issues relating to health, safety and the environment (HSE) must be adequately identified. Uncertainty has to be taken into account.

- Robustness is a key requirement because changes and surprises can occur.

- Knowledge of, involvement in, commitment to and engagement with safety must be a core value. This must shape decisions in every part of the organisation.

Integrated and unified risk management in the petroleum industry.