An international Oil and Gas Company took over a state owned oil company in 2005 with about 22.000 employees, operating in more than 300 fields all over the country with significant offshore operations in the black Sea. The Original Company had been in operation for 150 years with 50 years under communist management and had become available for buy out after several restructuring efforts by the state.

In the early years after take over the focus was very much on inventorying the existing infrastructure and an assessment of technical safety aspects.

Keywords:
risk reduction measure, significant effort, implementation, risk reduction plan, hse case, mah, major accident hazard, immediate feedback, upstream oil & gas, assessment
Subjects:
HSSE & Social Responsibility Management, Safety, HSSE management systems
Copyright 2011, Society of Petroleum Engineers
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