Fulcrium was appointed by the in-house specialist assurance function accountable for second line Safety & Operational Risk Assurance at a Supermajor.
The brief was to undertake a wide-ranging benchmarking engagement comparing the frontline and second line strategy, systems, processes, organisation, risk, policies, standards, governance and assurance activities of the function with those of peers at IOCs, NOCs and service companies.
Part of the brief was to provide tangible evidence of what constituted a world class Safety & Operational Risk Assurance function and how such insights could translate into transformational value for the function in its support of Drilling & Completions, Reservoir & Wells, Major Projects and Operations & HSSE. Fulcrium was also required to assist the client with a renewed vision and roadmap to transform the function.
Following an extensive evaluation of the market for process safety / risk assurance providers, we appointed Fulcrium to conduct benchmarking and assist us with our thinking.
No benchmarking firm that we encountered can match it for methodology or, more importantly, for process safety, reliability and risk assurance domain specificity in the upstream and downstream oil and gas industry.
Fulcrium brought genuine new and impactful insights which have helped us shape the safety and operational risk assurance function.
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