Skip to main content

Ventyx releases new Process Safety Management solution

Hydrocarbon Engineering,


Ventyx, an ABB company, has announced the release of a new Process Safety Management solution.

The Ventyx process management safety solution takes safety beyond traditional instrumented monitoring functions and extends it into everyday operations, maintenance and management. It offers the following benefits:

Structural awareness and visibility of managed risk: Combining operational data with dynamic risk calculation allows operators to visualize the current level of risk (from worn protective equipment, deferred maintenance, inconsistent work procedures .etc.) for each facility.

Contextual information to facilitate decision support: Bringing disparate information sources together into a single dashboard help ‘connect the dots’ between operational technology and information technology to better monitor the integrity of the layers of safeguards and barriers.

Procedural automation of work processes: Once deviations between operations/maintenance and potential impact on safety are identified, the solution provides actionable intelligence to restore the integrity of the layers of barriers and safeguards.

Andrew Soignier, VP, Chemical, Oil and Gas Solutions, Ventyx, commented: Optimising process safety, ensuring regulatory compliance and reducing downtime are among the biggest challenges our customers face in the chemical, oil and gas industries. With the Process Safety Management solution, Ventyx provides a powerful risk advisory software that addresses these challenges in near real-time. Process Safety Management brings data driven confidence to decision makers from the operator to the executive team by providing predictive insights and recommending potential corrective actions to reduce major hazard risks”.

Peter Reynolds, Senior Analyst with research firm ARC Advisory Group , said: “The Ventyx Process Safety Management solution helps close the loop between ‘as designed’ and ‘as operating’ conditions, thus allowing owner operators to better manage operational risk. The solution is well-equipped to offer a framework for a comprehensive view of process and occupational safety, as well as asset integrity, and corporate stakeholders should expect to experience a reduction in safety incidents and a corresponding increase in production throughput with its use”.


Adapted from a press release by Emma McAleavey.

Read the article online at: https://www.hydrocarbonengineering.com/product-news/04062014/ventyx_process_safety_management_76/


 

Embed article link: (copy the HTML code below):