DNV GL announced Thursday the launch of a comprehensive, tailor-made independent verification service based on the provisions of its Recommended Practice for Risk Management of Shale Gas Developments and Operations (RP), regulatory requirements and other publicly available standards. DNV GL offers the only global, third party verification service with comprehensive coverage of shale operational risks.
The new service will be used as a tool to help assure stakeholders that an independent assessment can assist in preventing incidents, reducing operational costs and limiting the environmental footprint of shale developments. Best practices measured in the assessment process include environmental, occupational and process safety, human factors, well integrity, and other elements that may help address the low probability, high consequence incidents under review today.
The verification process determines whether a comprehensive, transparent risk management approach related to risk identification and mitigation has been implemented to allow sustainable shale project development or expansion.
The verification service may be used by operators, regulators, insurance companies, banks and other oil and gas stakeholders to frame the risk dialogue, based on international approaches to risk identification, mitigation and monitoring best practices.
DNV GL’s verification protocol will issue a conformance statement for all or part of the RP provisions and applicable publicly available standards and regulations. While various industry groups have introduced initiatives to assure stakeholders, DNV GL’s verification service is the most comprehensive, risk-based strategy for exploration and production of shale gas and liquids.
“As shale gas and liquids development are experiencing exponential growth in North America, a wide range of operational risks have been realized, including gas flaring, fugitive emissions, rail transport incidents, water management, fracking chemicals, explosions, fires, infrastructure limitations, occupational risks, and asset integrity issues,” said Elisabeth Tørstad, CEO of DNV GL - Oil & Gas.
“Industry can gain stakeholder acceptance only by implementing best practices and proactive risk management. They need to demonstrate that their development activities can be executed in a safe, responsible and sustainable manner.”
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