How to Manage Risk in The Oil & Gas Sectors

On August 4, 2020, in Beirut, Lebanon, an explosion in a warehouse full of ammonium nitrate occurred. Ammonium nitrate is safe unless the substance is heated too much, and requires strict storing methods. Even with the vast technologies available, there are always hazardous risks, making companies constantly re-evaluate potential hazards, manage risks, and possess up-to-date safety methods and devices in hand. 

One application proving the need to re-evaluate safety standards is the oil and gas industry. Ever since the disaster of the Macondo Prospect in the Gulf of Mexico over 10 years ago, the industry continues to implement measures to avoid another accident. Operations such as ultra-deepwater, hydraulic fracturing, and arctic exploration become more common and also require risk management.   

Smart wearable technology has been known to benefit workers on-site and out in the field. Wearable technology provides service team members and technicians with real-time monitoring and data collection that is delivered to mobile devices and other network-connected devices. These devices can measure the health patterns of the wearer as well as track efficiency data to improve overall performance. Another perk of wearable technology is the ability to have sensors tracking possible risks of the area and the gases present.

Risk management through technology also improves recruitment and surveillance capabilities. One example of this is capping stack technology, a device that fits over a blown well, BOP, or lower marine riser package (LMRP). The capping stack stops the flow of oil while the relief well is drilled, permanently sealing the well. Another example is kick detection, which signals unintended fluid influx into a well. This allows technicians to drill deeper and into reservoirs under hostile environments. The term “kick” occurs when the pressure within the drilling is higher than the hydrostatic mud pressure on the rock face, causing fluids to be forced into the wellbore. 

Software applications are the third factor for managing risk. Many softwares, upgraded and new, are emerging with cloud-based networks, giving control, visibility, and real-time data regarding operational risk. The software can connect to fixed, portable, and wearable devices, ensuring the safety of the personnel and the working environment. 

Otis Instruments offers a vast selection of Wired and WireFree easy-to-use, robust, and configurable gas detectors and monitors capable of detecting both toxic and non-toxic gases for diverse applications. We strive to provide products to maintain the health and safety of all users. For more information regarding gas detection systems, or need additional information regarding specific detection needs, contact Otis Instruments today!

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