BOP Monitor to aid risk assessment in the drilling industry
Reducing the risks Scandpower and ModuSpec, a sister company in the Lloyd's Register Group, are working with leading owners and operators in the oil and gas sector to improve current methods of monitoring the performance of blow-out preventers (BOP) and reduce the risks relating to one of the industry's most safety-critical pieces of equipment.Scandpower and ModuSpec are pooling their resources with industry to develop a 'BOP Monitor' that is expected to significantly improve current processes of assessing risk during operations. The monitor will be a new application for Scandpower's proprietary RiskSpectrum software, which has already proved its value at one-half of the world's nuclear power plants."The BOP is a critical component in any hydrocarbon drilling operation and is often the final line of defence for protecting life and the environment. So there is high demand for a transparent and well-structured risk assessment approach that helps owners and operators to monitor the BOP's performance," says Duco de Haan, CEO of ModuSpec. "Because ModuSpec has been a global leader in helping to ensure the reliability of drilling assets for more than 25 years, we recognise the importance of industry participation in developing a product of this calibre."BOPs were thrust into the public ...
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