DNV GL’s data platform Veracity now includes OREDA’s nearly four decades worth of data

DNV GL’s data platform Veracity now includes OREDA’s nearly four decades worth of data

(PRESS RELEASE) OSLO, 26-Oct-2020 — /EuropaWire/ — DNV GL, an international accredited registrar and classification body, has announced that its Veracity data platform will now include offshore and onshore reliability data (OREDA), gathered by several oil and gas operators for nearly four decades.

The OREDA handbook, established in 1981 in cooperation with the Norwegian Petroleum Directorate, has amassed data from almost 300 installations.

This includes the collection and analysis of data from over 18,000 equipment units with 43,000 failure and 80,000 maintenance records. The databank also includes information on subsea fields with more than 2,000 years of operating experience.

Working in partnership with French IT service provider SATODEV and OREDA member companies, DNV GL has now moved the data from the traditional handbook to a digital tool called ’OREDA@Cloud’ available via DNV GL’s Veracity data platform.

Instigated by a joint industry project (JIP), it aims to allow users to have easier, more efficient, interactive access to the OREDA database.

“It is crucial for the oil and gas industry to be able to learn from past events to maintain the highest standards of safety and quality in the future. The OREDA dataset is an important asset for this. Delivering this information easily through Veracity will help stakeholders unlock, qualify, combine and prepare data for analytics and benchmarking, create new insights and develop innovative solutions making contributions to a safer and more efficient oil and gas industry,” said Liv A. Hovem, CEO, DNV GL – Oil & Gas.

The OREDA software and dataset will be available by subscription from the Veracity marketplace, which has over one million subscriptions to digital solutions and services across the oil and gas, renewables and maritime sectors.

“The OREDA@Cloud tool has been developed to give users the ability to search and investigate data previously held in the physical OREDA handbook, the last edition of which was issued in 2015. Users can apply filters and analyse the OREDA reliability database. Going digital through the Veracity platform is a real step-change for those wanting to access and use what is today the largest reliability database of the oil and gas industry,” said Nicolas Clavé, Total’s representative to OREDA and JIP Steering Committee Chairman.

Media contacts:

Barry Authers
Veracity Commercial Manager Energy

Neil James Slater
Head of External Relations, DNV GL – Oil & Gas
Phone: +44 2038165702

SOURCE: DNV GL AS