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.
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
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.
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.
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.