Many business activities in the oil and gas industries such as transportation, extraction and storage, all involve significant hazards. Headline-grabbing environmental disasters and numerous safety accidents in the past have greatly harmed the industry’s reputation.
Nevertheless, these have led to changes and enhancements to inspection criteria and processes which have increased over the years. The complexity of operations of oil and gas facilities that encompass a raft of equipment ranging from vessels to drilling equipment, storage tanks to pipelines, necessitates the testing of an enormous number of items and systems. Regulations are strict and extensive, and are continually changing across intensely competitive markets.
Keeping abreast imposes a significant load on businesses. To be genuinely effective in upholding the highest safety and environmental standards in all facets of their operations, oil and gas companies are increasingly relying on third-party inspection companies to assist them.
Here are four reasons why engaging third-party inspection companies make sense to attain optimum compliance.
- Enhanced operational efficiencies
By employing a third-party inspection firm, oil and gas companies can focus on their core competencies. By eliminating the need to retain and train an in-house inspection crew, companies reduce high costs and the burden of constantly keeping up-to-date. Outsourcing to TPI personnel whose job it is to be up-to-date on the latest regulations and who is tasked to ensure clients are in compliance simply makes sense. TPIs are regulatory process specialists, and their expertise will help clients through regulatory approval processes, minimising the risk and related expense of non-compliance.
Third-party inspectors’ specialised knowledge also assists businesses to identify possible maintenance and safety issues, reducing downtime and increasing productivity. Outsourcing inspections also enable companies to tap into emerging inspection technologies, without having to invest internally, thereby freeing up resources for other needs.
- Enhanced safety
Third-party inspection firms with highly skilled professionals allow clients to tap into their considerable expertise in cutting-edge safety and security protocols and technologies. TPIs can assist oil and gas firms in improving and refining their safety practices. Their specialised understanding can help businesses in identifying possible hazards or pitfalls prior to them becoming a problem. Engaging third-party firms from the outset to analyse risk and identify difficulties from the start reduces long-term risks.
- Objectivity
TPIs provide companies with objective assessments that can help them enhance their business models and operations. Outsourcing inspections remove potential communication difficulties or conflicts in the inspections process. Factual conclusions and impartial opinions are critical for oil and gas businesses to properly manage and preserve their assets, mitigating risks and lowering maintenance costs.
- Brand Enhancement
Engaging in third-party inspection services can increase a company’s reputation in the public perception. Customers, investors, the government, and other stakeholders gain confidence in a company’s business when it can get objective, professional and unbiased assessments on their processes and systems. This portrays business’s dedication to adhering to the highest safety and environmental standards which positively impacts its image and brand.
In conclusion, engaging professional and reputable third-party inspection services such as those provided by EXS Synergy are a viable option for many oil and gas companies, who can leverage on outside expertise using less internal resources.
