New capabilities enable energy organisations to comply with IOGP 423 guidelines whilst simultaneously achieving global supply chain transparency and regulatory compliance within unified, cost-effective MyAchilles platform.
ABINGDON, UK, 23 August 2024 – Achilles, a global leader in supply chain risk and performance management, today launched a major update to its Global Energy Network to support Oil and Gas companies to more effectively meet the requirements of International Association of Oil & Gas Producers (IOGP) 423 HSE Management Guidelines for Working Together in a Contract Environment. The upgrade introduces a powerful new way for the energy sector to meet IOGP 423 requirements whilst also benefiting from Achilles global supplier assessment, scoring, performance improvement, audit and decarbonisation capabilities and complying with supply chain transparency regulations.
With more than 70 major energy buyers and more than 19,000 energy suppliers, Achilles Global Energy is a collaborative environment that enables buyers and suppliers to improve health and safety and sustainability performance. Buyers get the intelligence and data they need to identify supply chain risks, set priorities, take action to drive improvement and report with confidence. Suppliers use their Achilles Sustainability Score, insights, action plans and other tools to build capability, demonstrate credentials and win new business. Decarbonisation tools also provide additional options to measure, manage and reduce greenhouse gas emissions. Together, buyers and suppliers improve supply chain transparency and standards across a wide range of supply chain resilience metrics.
The new Achilles IOGP aligned enhancements have been specifically designed to support and enable the Oil and Gas sector to adhere to IOGP 423 guidelines including contractor self-assessment, contractor auditing and contractor / supply chain risk management as follows:
- Contractor Self-assessment – Achilles Global Energy Network includes a dedicated IOGP Self-assessment module that is fully aligned to the IOGP 423 guidelines enabling contracting organisations to evaluate and measure their own HSE management systems, practices, and performance.
- Comprehensive evaluation – Achilles Global Energy Network includes evaluation of risk management, contractor management, communication, incident reporting, emergency preparedness, training, and compliance with regulations.
- Continuous improvement – Achilles Global Energy incorporates a scoring mechanism that makes it easier for contractors to identify the areas where they can improve their HSE management systems and practices.
- Data validation – Achilles independent validation of contractor information enhances buyer confidence further.
- Risk assessment – The MyAchilles platform provides buying organisations with a clear overview of contractor risk across their upstream and downstream value chain in an easy to analyse dashboard.
- Desktop and On-site Auditing – The Achilles global audit team assess compliance with HSE guidelines and standards. This helps to ensure objectivity in evaluating HSE performance – particularly for product categories that are classified as high risk by IOGP.
- Monitoring and management – Annual assessments enable contractor performance to be monitored throughout the contract duration.
In addition, the Achilles Global Energy Network gives buying/contracting Oil and Gas companies access to a readily available set of pre-qualified contractors – including the results of contractor self-assessments and independent audits to support more efficient procurement and industry-wide higher standards.
Espen Tranoy, Achilles’ Regional Director with responsibility for Northern Europe said, “Our newly enhanced Global Energy Network offers a practical solution for the oil and gas industry. By aligning with IOGP 423 and addressing global transparency regulations, we are helping energy companies meet their compliance requirements more efficiently. This update underscores our dedication to supporting the industry in improving safety, sustainability, and operational effectiveness within a unified platform.”
