Regulatory Risk

Managing ‘Regulatory Risk’ generally concerns the change in laws and regulation that might affect a business but very importantly, includes the effective and consistent management of compliance and regulatory obligations. This latter aspect is especially important in the energy industries where major hazards exist; management of technical safety and risk is paramount for companies operating in such industries. We work in partnership with our clients to ensure that effective risk management is the cornerstone of every project throughout the lifecycle of an asset, from initial concept to design; through production and operation to decommissioning. We apply our specialist knowledge to provide first class, independent risk management advice and services in a wide range of areas. Our services ensure clients are able to adopt sound corporate governance structures including the development of operational risk strategies.

Examples of our services are:

  • Safety Case preparation at all stages of asset lifecycle
  • Material changes and general revisions
  • Safety Case Thorough Reviews
  • Combined Operation Notifications
  • Quantified Risk Assessment (QRA)
  • Safety Studies including:
    • fire and explosion analysis
    • marine and mechanical hazard analysis
    • evacuation, escape and rescue analysis
    • emergency systems survivability analysis;
  • Written schemes of verification and performance standards
  • Hazard Identification (HAZID) and Hazard and Operability (HAZOP)
  • Bow Tie Analysis
  • HSE auditing
  • Safety and Environmental Management Systems (SEMS)
  • Accident investigation
  • Risk based decision making analysis
  • Safety related decision support

For further information on our regulatory risk management services please contact us.