Dyadem Helps BP Shipping Ensure Safe Fuel Delivery

Toronto – March 17, 2010 – BP Shipping has selected Stature Workgroup from Dyadem to help it ensure the safe and environmentally responsible transportation of BP’s hydrocarbons around the world.  BP Shipping provides the logistics to move BP’s oil and gas cargoes to market as well as marine assurance on everything that floats in the BP group.  Stature Workgroup will enable BP Shipping to conduct its HAZOP & FMEA risk assessments on one platform, improving knowledge management and information sharing among its teams.  Lessons learned from prior studies and best practices can be used collectively by all stakeholders and risk assessments will be conducted in a more uniform way.

Dyadem, the market leader in Operational and Quality Risk Management, helps leading companies in the oil & gas industry comply with the local and international guidelines that regulate the industry.  Stature Workgroup will enable BP Shipping to more efficiently comply with ‘Class’ rules and internal mandatory Standards.  Its Web-based platform and database will ensure that the right  BP Shipping employees can access, edit and update data, allowing all stakeholders – from operators to  management – to have visibility into the risk assessment processes and outcomes.  This is facilitated by reports on high priority risks that can be generated in real-time rather than days, and information will no longer be restricted to desktop computers and can be accessed any time via the Web.

“At any given time we have several hundred cargoes on the water and we take great pride ensuring the safety and security of these voyages,” said Jamie Young, Risk Manager, BP Shipping.  “By moving to Stature Workgroup we will have immediate access to the relevant risk assessment data at any time of day and from anywhere.  This allows us greater visibility and transparency into our processes and helps us to make decisions faster.”

Stature Workgroup, Dyadem's entry-level risk management platform in its Stature product line, allows small teams to create, share, and access risk assessments via the Web.  Most desktop software packages store risk assessments on individual computers, restricting the ability of other users to re-use information and share knowledge.  By using a centralized database and Web-based interface, Stature Workgroup ensures that information is retained for future studies and new employees.  

“In order to make strategic business decisions, the right information needs to be with the right people at the right time,” said Kevin North, President and CEO, Dyadem.  “We’ve built Stature Workgroup with the needs of companies like BP Shipping in mind – allowing teams to work collaboratively from one centralized database and in a way that encourages communication throughout the risk management process.”

About Dyadem
Dyadem is the market leader in Operational Risk Management and Quality Risk Management solutions.  Dyadem provides software and services that empower companies to discover and manage the risks to people and products in the design and manufacturing processes.  Dyadem helps some of the world’s largest companies achieve regulatory compliance and business continuity, serving the Oil & Gas, Chemical, Mining, Pharmaceutical, Medical, Automotive, Electronics and Aerospace and Defense industries.  For more information, visit www.dyadem.com.

About BP Shipping
BP Shipping, a strategic performance unit of the BP Group (NYSE: BP), is one of the world’s largest tanker operators.  BP Shipping’s strategy is to act as a global centre of maritime expertise for the BP Group, carrying BP hydrocarbons and managing environmental risk. Its head office is in Sunbury-on-Thames and it has offices in London, Chicago, Houston, Singapore and Melbourne as well as in shipyards around the world. For more information, visit www.bp.com/shipping.

Media contact:
Maureen Robusto
Manager, Public Relations
+1 978.289.7752
mrobusto (at) dyadem (dot) com