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PSA awards risk consulting contract to Vysus Group

Published by
World Pipelines,


Vysus Group (formerly LR Energy), the global engineering and technology company, has secured a framework agreement with the Petroleum Safety Authority Norway (PSA), the government agency with regulatory responsibility for safety in the petroleum sector across the Norwegian continental shelf.

PSA awards risk consulting contract to Vysus Group

The agreement, which was awarded at the end of 2020, will see Vysus Group support continuous improvement related to safety and provide advice in risk analysis and emergency preparedness, helping the PSA investigate accidents and incidents over a two-year period, with the option to extend the agreement for an additional two years into 2024.

The scope of work will include assessments to determine risk that may cause damage to offshore personnel or the environment, the evaluation of emergency preparedness conditions to limit the impact of an incident, and various studies which may include the assessment of new technologies, fire and explosion calculations, security systems or process solutions.

Leveraging decades of experience working in the Norwegian offshore industry, Vysus Group’s team of experts will also support the PSA on projects to highlight the level of risk within the petroleum activities.

A recent survey by the Norwegian Statistics Bureau (SSB) has found that investments in oil and gas activity in 2021 are accelerating, with an estimated 166.3 billion NOK (US$18.4 billion) boost to the petroleum industry, up from the 148.6 billion NOK forecast in August 2020.

Robert Nyiredy, VP Risk Management Consulting, Vysus Group said: “By proactively identifying risk, and arming asset operators with key data and insights, the PSA is helping to prevent serious health and safety issues and catastrophic environmental disasters before they arise, thus protecting the environment and the hundreds of thousands of personnel working in Norway’s oil and gas sector each year. This has never been more important than it is today, as operators face the challenges associated with reduced manpower and COVID-19 restrictions.”

Mr Nyiredy continued: “We are proud to continue our relationship with the PSA, and to have the opportunity to support its sharp focus on safety through this latest agreement. The appointment is testament to the trust and confidence that Vysus Group has built with the government authority, and our commitment to making global oil and gas operations as efficient and safe as possible through our specialist risk management services.”

Following a strategic-carve out from Lloyd’s Register (LR), LR’s Energy business is now Vysus Group, a standalone engineering and technical consultancy, offering specialist asset performance, risk management and project management expertise across complex industrial assets, energy assets (oil and gas, nuclear, renewables), the energy transition and rail infrastructure.

Vysus Group retains LR Energy’s entire capability and continues to offer its full suite of technical, regulatory and operational expertise globally, with all 650+ of our global experts transitioning. Driven by its purpose to help clients manage risk and maximise performance, blending deep technical knowledge and data-driven insights with hands on expertise.

Image: Robert Nyiredy, VP Risk Management Consulting, Vysus Group

Read the article online at: https://www.worldpipelines.com/contracts-and-tenders/15022021/psa-awards-risk-consulting-contract-to-vysus-group/

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