Webcast

“Sarbanes-Oxley demands that management have a good handle on the daily function of the global firm. Hands on management is the spirit that made great companies great and demands that an honest appraisal of operational shortcomings be developed and changes implemented. Firms that approach their business model from this perspective are well positioned for success regardless of any near-term difficulties that all will face from time to time.The linkage between robust embracement of strong governance and shareholder rights coupled with transparency and dispatch when things go badly will provide strong positive sustainability. The corporate bar is raised, but isn’t this where it should have been all along?”

Dr. Scott Shemwell and others have compared the regulatory aftermath of the BP Macondo incident equivalent to the repercussion post Enron et al and the imposition of The Sarbanes Oxley Act of 2002.iii Perhaps overly simplistic; this is a useful guideline.

On October, 14, 2010, BOEMRE’s “Increased Safety Measures for Energy Development on theOuter Continental Shelf” (75 FR 63346) was released.iv Many of the requirements parallel SOX from a decade ago including:

• Greater managerial accountability
• Third party engineering approval, e.g. auditing
• Enhanced regulatory oversight—to name a few

Moreover, the industry has stepped up internal best practices and is more focused than ever on prevention and rapid response in the event of another incident with an offshore drilling rig or facility.

This Webinar will address the issues raised in this outline and provide insight into industry:

• Thought leadership
• Macro societal drivers
• Economic value that can be derived
• Trends, Directions, and Best Practices
• Lessons learned

Attendees can expect to develop a better understanding of the societal, regulatory, and
economic forces at work with specific models to employ at their firms.

Scott Shemwell CEO Knowledge Ops
Jim Porter Former Chief Engineer and Vice President Engineering and Operations, Dupont
John Sanins Solutions Executive, Process Manufacturing Bentley Systems, Inc.

Bentley is the global leader dedicated to providing architects, engineers, geospatial professionals, constructors and owner-operators with comprehensive software solutions for sustaining infrastructure.  Bentley's mission is to empower its users to leverage information modeling through integrated projects for high-performing intelligent infrastructure.  Its solutions encompass the MicroStation platform for infrastructure design and modeling, the ProjectWise platform for infrastructure project team collaboration and work sharing, and the AssetWise platform for infrastructure asset operations- all supporting a broad portfolio of interoperable applications and complemented by worldwide professional services.  Founded in 1984, Bentley has grown to nearly 3,000 colleagues in more than 45 countries and $500 million in annual revenues.  Since 2001, the company has invested more than $1billion in research, development and acquisitions.

Knowledge Ops delivers solutions that provide a specific, demonstrable, measureable, and defendable approach for addressing the emerging industry requirements for operational excellence and increased regulatory scrutiny.  Our solution enables you to demonstrate industry vision and leadership in our changing landscape to all constituent groups, including the local communities in which it operates regulatory bodies and shareholders.  Purpose built to support the decision making process from the board room to the field operations arena, operators and energy service providers can capitalize on all available knowledge - Total Asset Visibility.