Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad has selected RiskPoynt Barrier Model as their operational risk management and asset integrity solution.
Bumi Armada is working with MDI Enterprises to launch cloud-deployed RiskPoynt at FPSOs in the North Sea and across Asia and Africa.
Bumi Armada tapped RiskPoynt after searching for a software tool to improve their process for managing upstream operational risks across their portfolio of FPSOs.
They required an operational risk management application that could meet, and exceed, new EU regulatory and reporting standards and provide operations and senior executives with clear visibility over the operational health of its global assets in real time, at any time.
As the 5th largest FPSO operator globally, Bumi Armada continues to pursue new projects across the globe.
With the ability to visualize and analyze true cumulative risk, the company will be allowed to create an effective safety culture leading to:
- Increased operational effectiveness
- Quicker and better decision-making
- Decreased costs
- Better resource allocation