News Column

Kosmos Energy Moves to Enhance Worker Safety in Emerging Exploration and Production Areas

Jul 11 2013 12:00AM

Marketwire

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DENVER, CO -- (Marketwired) -- 07/11/13 -- P2 Energy Solutions today announced that Kosmos Energy Ltd., a leading oil and gas exploration and production company, will leverage P2 solutions to drive safer and more efficient operations in global markets.

Kosmos, whose primary areas of operation are underexplored regions in Africa, Europe and South America, will replace traditional paper-based systems with P2's Beyond Compliance solution to power its workplace incident tracking system and management of change (MOC) process. The Dallas-based company's switch to technology-driven operations will enable managers to quickly and more accurately document worker incidents in the event they occur and, when necessary, implement corrective procedures that continuously put safety at the forefront.

"As we continue to expand globally throughout the oil and gas frontier, we hope to apply the same Environmental, Health and Safety standards that are already in place here in the U.S. across emerging countries such as Ghana, Morocco and Suriname," said Marvin Garrett, Kosmos' Senior Vice President of Operations. "P2's Beyond Compliance solution will create better visibility into our operations and ensure that we're putting safety first at all times."

Managers at U.S. oil and gas companies credit technology for improving worker safety and production. According to Bureau of Labor statistics, there were 2.3 incidents of injury and illness per 100 oil and gas workers in 2011. That's compared with 3.5 incidents per 100 workers for the entire private sector.

"We're proud to work with customers, like Kosmos, that understand the importance of worker safety not only domestically, but in emerging countries as well," said Charles Goodman, P2's President and CEO. "More and more upstream oil and gas companies are turning to technology to help manage risk. We've seen through our customers that tracking incidents leads to improvements in worker safety, which leads to improvements in the bottom line."

About P2 Energy Solutions
P2 Energy Solutions is the only technology company that provides a comprehensive range of software, geospatial data, land management tools, and outsourcing, to the energy industry. More than 1,200 companies use P2 products and services daily to improve decision-making, gain clarity into complex workflow scenarios, and optimize upstream efficiency. P2 serves the entire energy sector -- including hydrocarbon-sourced, as well as alternative-sourced energy, including solar, wind, hydro, and geothermal. With more than 80 years of experience in data and 30 years in software P2 operates from global headquarters in Denver, CO, has offices in eight additional locations, and employs nearly 700 people.



Contact Information:
Ben Bacon
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Source: Marketwire