Posted on 2 March 2017
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Beginning in 2017, Operators will have a broader and more rigorous set of regulations to address as a result of several new rule changes, including the gas pipeline "Mega Rule" and revisions to the NPMS Operator Standards. The industry as a whole will be taking the necessary steps to ensure compliance with these the new standards and will continue to drive towards a fully traceable, verifiable, and complete (TVC) asset management environment. Join Novara GeoSolutions as we moderate a Q&A session with oil & gas operators and industry vendors to discuss their challenges to and plans for interpreting - and ultimately adjusting to - the new regulations.
Regulators are shifting from a 'tell me and I will believe it' to a 'prove it to me' attitude. Operators now need to have a progressive plan of action that shortens the data management time cycle, offers improved transparency plus visualization of asset data. It is critical that these new corporate strategies integrate TVC into the overall process in a meaningful, sustainable way. Novara's Matthew Thomas will moderate the conversation as this knowledgeable panel shares their perspective on the impact the shifting regulatory climate has had on data management and compliance reporting within the oil and gas industry.
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