Maintaining Regulatory Compliance in an Oil Industry AcquisitionSource: Technical Response Planning | 30 October 2014
Oil companies are not stagnant entities. Every year, the industry experiences acquisitions, mergers, and systemic transformations. The dynamic nature of the energy sector requires environmental, health, and safety departments, as well as facility managers, to periodically review and adjust their approach to emergency management and regulatory compliance.
Whether a facility is located in the US or abroad, ensuring compliance, employee safety, and an effective response requires a streamlined, coordinated, and exercised response plan. All response plans, including spill prevention, control, and countermeasures and facility response plans, within the corporate enterprise should address site-specific facility details, applicable and tested response processes, and standardized companywide best practices while maintaining location-specific regulatory compliance. A customizable response plan template can enable the development of a streamlined, site-specific preparedness program that consistently delivers company-standard guidelines and practices while providing a medium for rapid assimilation of merging or acquired facilities.