Geospatial Corporation (GSPH) has recently the long awaited passage of the Pipes Act of 2016. The bill, recently signed into law by President Obama, empowers the Pipeline Hazardous Material Safety Administration (PHMSA) to require various certifications, data management, testing and mapping of all types of the more than 3 million miles of buried energy pipelines across the USA.
"Geospatial is perfectly positioned to benefit from the new PHMSA regulations," said Mark Smith, Chairman and CEO of Geospatial Corporation. "The oil and gas markets are a major part of our current and future business and recently we have clients giving serious attention to accuracy and completeness of their asset mapping in anticipation of the new regulations. The Pipes Act impacts all segments of the industry, including gathering systems, transmission and distributions systems."
As a Google Maps technology partner, Geospatial is well positioned to provide management capabilities, technology, software and data management processes to owners of critical underground infrastructure located across the USA in compliance with this important piece of legislation.
Adapted from press release by Anna Nicklin
Read the article online at: https://www.worldpipelines.com/regulations-and-standards/26072016/geospatial-corporation-well-positioned-to-meet-new-buried-pipeline-requirements/