Risk Assessment in the Oil and Gas Industry | RiskWatch

Risk Management Solution for Oil & Gas

Industry Challenges


The oil and gas industry is responsible for supplying a number of products, but it is most well-known for supplying gasoline. Though it can be prosperous, drilling for oil and gas comes with several challenges such as: Compliance of laws and regulations, geological risks, terrorism risk, operational cost and profits aligning, supply and demand and more.

The Solution


SecureWatch, our risk assessment solution, is primarily used as a risk management software for the oil and gas industry that can help you address and improve in each area without adding additional staff or resources. Rest assured you will meet all you needs when using SecureWatch.

SecureWatch integrates Enterprise Security, Risk and Compliance so we can assess and communicate as one.

Security Operations, Corporate Security, AVANGRID

Key Benefits

Designed to work with all regulations and standards in all industries.

Collect practical data with intuitive assessments.

Streamlines assessment process across enterprise with powerful data gathering and analysis capabilities.

Guides on-site assessors to identify threats, vulnerabilities and security gaps to develop specific recommendations.

Additional Benefits

Helps to identify security gaps and vulnerabilities.

Automatically generated reports provide proof of compliance.

Compliance analysis that determines risk score and identifies areas of high risk for further investigation.

Flexibility to be customized and adapted to your unique needs.

Can You Afford Non-compliance?

Gas and Oil industry call out


State oil and gas regulators issued $5.2 million in oil and gas fines in 2018. Of that, Noble Energy, Colorado’s second-biggest driller by oil volume, was issued the largest fine of $1.6 million for failing to maintain and pressure test a host of shut-in wells, or wells not currently producing. Pressure testing helps check for any leaks and ensures the well is functioning properly, so as to protect workers and the environment. The reasoning of the fine size was based on the number of wells, and the period they were in violation. Noble incurred a penalty of up to $5,000 each day and many wells were said to be overdue for maintenance for over a year. For more information, click here.

Product Overview

An Intelligent Physical Security Risk Assessment Platform


SecureWatch is a state of the art security and risk assessment platform that can be utilized for facility compliance and security risk assessments. Reduce exposure to liability, manage risk, monitor and maintain security, and track continuous improvement.

SecureWatch assessment dashboard

An Information Security Risk Management Platform


CyberWatch is a modern assessment solution that can be utilized by various industries for cyber security and compliance risk assessments. The software enables you to reduce exposure to liability, manage risk, monitor and maintain cyber security, and track continuous improvement.

CyberWatch assessment

A Compliance Assessment and Management Platform


ComplianceWatch is a compliance audit and management platform that can be utilized by various industries for measuring compliance to any regulation, standard, or policy. Reduce exposure to liability, maintain public credibility, ensure adherence to best practices, track policy compliance, and track continuous improvement.

ComplianceWatch compliance widget

A Supplier Security Risk Assessment Platform


SupplierWatch is a security risk assessment and management platform that can be utilized to reduce exposure to liability, manage third-party risk, monitor and manage your supply chain, ensure high business continuity, and track continuous improvement. Use it to identify, eliminate, and prevent problems in your suppliers processes, management, or products.

SupplierWatch supplier analysis

A Vendor Security Risk Assessment Platform


VendorWatch is a security risk assessment and management platform that can be utilized for identifying security gaps and risks with vendors and addressing them. Reduce exposure to liability, manage third-party risk, and monitor and rank vendors. Keep track of a vendor’s compliance efforts to ensure expectations are being met. Archive contracts, manage compliance evaluations, manage contract reviews, and rate vendors objectively.

VendorWatch vendor vulnerability

Try any of our products, for free.


Riskwatch products are easy to use, free to try, and can be customized to fit your business needs.