Shale Gas Risk Management: DNV Launches Recommended Practice

(Press Release)
Thursday, January 17, 2013

Foundation presents recommended practice document as invitation for dialogue
 

DNV has launched a recommended practice (RP) for the entire life cycle of shale gas extraction, based on risk management principles, industry best practices and standards. The objective is for the RP to form the foundation for future development of a globally recognized standard for safe and sustainable shale gas extraction.  DNV is calling for input from industry, regulators, NGOs and other interested parties.

“Controversy and conflict are constant themes as proponents and opponents debate the extraction of natural gas,” said Remi Eriksen, CEO of DNV Maritime and Oil & Gas. “Since the RP combines current best practices and standards in the industry with a risk based approach, it can serve as a common reference point and help bridge the gap between parties with opposing views. Our recommended practice ensures that the contentious issues are managed in an accurate, balanced, transparent and traceable way.”

The framework was developed over an 18-month period, which included collaboration with stakeholders as well as review of existing practices and guidelines. Multiple organizations have already developed recommendations and guidelines, yet a complete risk management framework has not existed.

The RP, being made public for the first time today, recommends a risk based approach to shale operations. It recommends that shale gas operations are monitored and publicly reported, thus establishing proper points of reference and consistent monitoring prior to, during and after operations. The RP also advises carrying out extensive baseline surveys prior to the commencement of any shale gas activities, with information gathered being openly disclosed to all stakeholders, including the general public.

“We believe that companies that embrace our recommended practice will earn increased trust and confidence among the general public and other stakeholders by implementing operational best practices and creating standards for industry to document how their activities are being executed in a safe and responsible manner,” said Eriksen.

The DNV Recommended Practice focuses on the following aspects:
-Management systems
-Safety, health, and the environment
-Well integrity
-Management of water and energy
-Infrastructure and logistics
-Public engagement
-Stakeholder communication
-Permitting
 

 

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

US Funding for Air Emissions/Alternative Energy Projects

The U.S. Maritime Administration (MARAD) announced that up to $1.3 million in Federal funding is now available through cooperative agreements for projects supporting

US Oil Platform on Fire in Gulf Of Mexico

An oil platform caught fire and was evacuated in the U.S. Gulf of Mexico offshore Louisiana in the early hours of Friday, though no injuries were reported, the U.

SoCal Beach Cleanup Could Take Months

The U.S. Coast Guard captain overseeing cleanup of oil spilled from a pipeline rupture that closed two California state beaches and fouled offshore waters near

Classification Societies

Registration for SHIPPINGInsight 2015 Now Open

Online registration is now open for the SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition.   Now entering its fourth year, SHIPPINGInsight is an

LR Establishes Applied Technology Group

Lloyd’s Register establishes the Applied Technology Group, centered around the activities of Martec Limited   The Applied Technology Group (ATG) describes is

IRClass is 40

IRClass, a leading Class Society in Asia has successfully completed 40 years in the service of Maritime industry. With the growth in India’s international trade,

 
 
Maritime Standards Naval Architecture Navigation Pipelines Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1190 sec (8 req/sec)