From Incident to Insight
Unlocking Effective PSM for a Leading Integrated Energy Company
This leading GCC integrated oil & gas company operates across upstream, downstream, gas processing, chemicals, distribution, and logistics. Following a significant safety event, the company partnered with dss+ to strengthen corporate governance and process safety standards. Through a comprehensive corporate PSM assessment, dss+ identified key areas for improvement, helping the client to align safety practices across its entire value chain.
This project contains 3 phases. This case study explores
Phase 1: Corporate PSM Assessment.
Context
This leading GCC integrated oil & gas company operates across upstream, downstream, gas processing, chemicals, distribution, and logistics. They recently embarked on a transformation and reinforced the role of corporate, standardising, streamlining, and strengthening practices across corporate functions including HSE.
Challenge
Following a significant process safety event, the company sought to re-define the role of corporate in providing process safety risk assurance across the Oil & Gas value chain and establish a new fit-for-purpose world class operating model in line with leading practices.
Solution
dss+ conducted a Corporate Process Safety Assessment across the energy value chain to identify improvement opportunities. This included a review of the governance structures, performance management, leadership, capabilities and interfaces with other stakeholders and systems, critical for process safety excellence. dss+ engaged senior business leaders to understand their differentiated roles how leadership drive company culture by the way of example. Focus groups and deep dive surveys with operating companies were essential in gaining feedback on improvement opportunities.
dss+ benchmarked Corporate Process Safety practices against industry peers and developed a sustainable multi-year Process Safety Transformation roadmap to achieve process safety and risk management excellence.
"The project helped us understand our Asset Integrity Process Safety (AIPS), maturity against global best practices and the outcome will help save lives and benefit generations to come."
Group Executive - Leading Energy and O&G company
Assignment
Corporate PSM Assessment
Offering
Operational Risk Management Consulting
Impact
30+ process safety & risk management improvement priority themes/actions AIPS transformation & improvement roadmap
Assessed the organisation's Corporate Process Safety maturity across 4 areas:
- PSM Model & Standards
- PSM Leadership & Governance
- Performance Reviews & Audits
- PSM Capabilities, Assurance, & MOC-P
"The transformation elevated AIPS onto our executive level agenda. We now have one unified language when it comes to AIPS."
Group Executive - Leading Energy and O&G company
Discover all 3 phases of the project.
Phase 1: Corporate PSM Assessment
Phase 2: Corporate PSM Development