Published Jul 2, 2025 | Last updated Jul 7, 2025 | Industry, OpenRisk
Bowtie diagrams are a graphic tool that are shaped like a bow-tie. Bowtie’s are centered around an unwanted event (top event) with preventative barriers to the left and mitigating barriers to the right of the top event. In this way, the bowtie visualises how...
Published Jul 2, 2025 | Last updated Jul 4, 2025 | Barrier Management, Industry
Presight Barrier Management tool is a critical component to process safety management. In short, the software provides the full risk picture of your assets, whether it is a drilling rig like a jack-up rig, a fixed platform, a semi-sub or even a drill ship. It can also...
Published Jun 24, 2025 | Last updated Jul 7, 2025 | Industry, OpenRisk, Uncategorized
As the oil and gas industry advances with complex operations and technologies, managing the inherent risks associated with loss of stability has become a critical priority. Loss of stability events, such as structural failures, and equipment collapse can lead to...
Published Jun 24, 2025 | Last updated Jul 7, 2025 | Industry, OpenRisk, Uncategorized
Loss of Well Control (LoWC) is one of the most severe incidents in the oil and gas industry. It refers to situations where the pressure in a well can no longer be managed safely, potentially resulting in blowouts, fires, environmental damage, and loss of life. Causes...
Published Jun 13, 2025 | Last updated Jun 27, 2025 | Barrier Management, Industry
Why uncertainty deserves a spotlight Uncertainty is inherent in safety-critical industries; no data set is ever complete, and Presight openly accepts and highlights this reality. By clearly showing gaps, limitations and variability in the data, the platform lets...
