EverLine brings trust and safety to pipeline operations
Published by Sara Simper,
Editorial Assistant
World Pipelines,
EverLine, a technical services platform providing regulatory, remote operation, and security solutions for critical infrastructure, has announced the launch of its SP3 Platform. SP3 leverages verification protocols and distributed ledger technology to revolutionise how pipeline compliance data is captured, verified, evidenced, and audited. SP3 is currently available in EverLine’s suite of compliance services and will be launched during the 2023 API Pipeline Conference and Expo in Nashville, USA, on 1 - 3 May 2023.
One of the biggest challenges facing pipeline operators is that compliance records are generated and stored in multiple formats, within disparate systems, and across dispersed geographic locations, which eliminates the ability to accurately measure real-time compliance status. Compliance programmes are interconnected. Therefore, operators need a single integrated source of compliance truth for these programmes, including O&M, control room management, integrity management, and security. SP3 provides that integrated solution.
Operators can remain unaware of compliance gaps for months or years based on the existing regulatory framework of periodic, sample-based audits. The operational risks and cost of rework is too high to rely on infrequent spot checks. Louis Krannich, EverLine’s President, explains, “The SP3 system digitally captures and aggregates compliance requirements, location data, and operator qualifications to verify that the right work was performed on time, at the right location, by a qualified operator before the record is ever stored. This verification process provides real-time compliance validation, which reduces operational risk and provides confidence that an asset is audit-ready anytime.”
If operators suffer from scattered, unverified records, it follows that preparing for regulatory audits can be extremely costly and time-consuming while still at risk of violations and fines post-audit. Paul Neundorfer, EverLine’s CEO, describes another key SP3 attribute, “Once a compliance record has been verified by the SP3 protocol, it is then stored using distributed ledger technology to promote efficient accessibility and render the record immutable. EverLine is the first company to deploy this technology for pipeline compliance, and it is a game changer for building trust among operators, regulators, and the public. Given today’s emphasis on safety, security, and transparency, it was important that we created a platform that gives all stakeholders assurance that records are complete and accurate while increasing efficiency in the compliance management process. SP3 delivers a level of trust and safety that the market hasn’t seen before.”
Read the article online at: https://www.worldpipelines.com/product-news/27042023/everline-brings-trust-and-safety-to-pipeline-operations/
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