Oil and Gas Industry

Constantly operating in highly vulnerable environments, Oil and Gas companies have to contend with a multitude of risks arising from health and safety, environmental, IT security, supply chain, and regulatory non-conformance issues. To address these challenges, companies need to implement an integrated, risk-based approach.

MetricStream GRC Apps and Solutions are built exclusively to improve risk management, audit processes, and regulatory compliance management for the Oil and Gas Industry to facilitate enterprise-wide transparency in their GRC processes.

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MetricStream GRC Apps and Solutions for the Oil and Gas Industry

MetricStream’s comprehensive suite of Governance, Risk, and Compliance Management (GRC) Apps and Solutions enable oil and gas companies to steer clear of the challenges faced due to varying policies and changing business environments. Based on an integrated GRC platform, the Solutions streamline a wide range of risk management programs, systematize audit processes, and facilitate compliance with frequently changing local and international compliance and control requirements. The Solutions can be leveraged in various ways by oil and gas organizations to mitigate enterprise-wide risks, enhance legal and environmental compliance, streamline audit activities, maintain records for reliability and enable collaboration in a cost effective way.

Benefits

  • Reduce work place injuries and improve overall safety conditions.
  • Reduce audit cycle times by automating various audit processes across upstream and downstream operations.
  • Effectively manage multiple risks, including safety, environmental, operational, supplier, and cyber security risks.
  • Automate reporting for various regulations compliance including SOX, OSHA, and OSHAS 18001.
  • Consolidate, strengthen, and streamline sustainability and environment, health and safety management processes.
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