Major accidents
To control the potential for major accidents, Noreco has established a general practice to identify and follow up on risk related to our business. An Enterprise Risk Register that categorises risks is established on management level. Activities to reduce risks are identified, and responsibility is given to the manager in charge. Through these actions, risks are attempted to be handled in the best and most efficient way. The Enterprise Risk Register is presented to the Board on a regular basis.
Noreco was audited on "The operator's engagement in reducing Major accident risk", by the Petroleum Safety Authorities during spring 2009. Noreco was given positive feedback on the approach towards this area, and we will continuously work to increase risk knowledge as basis for decisions at all levels.
Noreco participates in several professional networks within Health, Safety and Environment, and are represented in different committees and working groups in The Norwegian Oil Industry Association (OLF) and in “Danish Operators”. One of Noreco's contributions is to transfer experience between OLF committees to similar challenges handled by the different committees in Danish Operators.
Safe operations
Noreco is a member of a consortium for the semi-submersible drilling rig West Alpha, together with four other operators. In the consortium Noreco plays an active role using the best HSE practices when establishing the common operational procedures and processes. Noreco is responsible as operator and has the see-to duty when planning and operating Noreco wells.