EnQuest Chooses the Stature Platform from Dyadem to Manage Risk Assessments

Toronto – April 21, 2010 – Dyadem today announced that it has been selected by EnQuest PLC (LSE: ENQ.L; NASDAQ OMX: ENQ) to supply Operational Risk Management solutions to support EnQuest’s commitment to integrated and comprehensive risk management. EnQuest will implement Dyadem’s Stature Workgroup platform to create a harmonized system for risk assessment, monitoring, and mitigation across its Aberdeen facilities.

EnQuest has chosen Dyadem, the market leader in Operational and Quality Risk Management, and its Stature platform, for its easy integration between departments and its flexibility to adapt to the needs of each division. EnQuest will realize an improved system for managing and mitigating risk, and increased visibility thanks to Stature’s enhanced dashboard and reporting capabilities.

“We needed a single, stable platform that would give us the ability to successfully manage our risks as well as provide the flexibility we need. Stature was able to bridge the gap and meet our risk assessment needs by combining our various risk data into one global risk register, providing trending reports, and virtually eliminating the duplication of effort in our reporting,” said John Atkinson, Asset Manager, EnQuest. “Dyadem’s Stature solution will allow us to efficiently conduct our weekly risk review, and provide real-time visibility of our risk assessments to upper management. This translates into our ability to make decisions faster and with real-time data at our fingertips.”

EnQuest PLC is an international, independent upstream oil and gas exploration and production company operating globally to explore for and produce oil and gas, while remaining economically efficient, socially responsible and environmentally acceptable. EnQuest will implement Stature throughout its Aberdeen units in order to effectively manage business risks. Prior to purchasing Stature, EnQuest was using non-specialized software to complete risk assessments, however the lack of corporate standardization and need for a more efficient risk management solution convinced EnQuest to seek more specialized software built for risk management.

Stature, Dyadem’s Operational Risk Management platform, will help EnQuest improve its management of risks and save significant time and redundant effort thanks to the central risk repository and lessons learned captured for future consideration. Stature Workgroup is the entry-level risk management platform in Dyadem’s Stature product line, created for teams with intensive risk assessment needs. Its Web-based platform allows teams to work collaboratively from one centralized database. With access to data across risk assessments, extensive knowledge libraries and standardized templates, Stature will save time while ensuring corporate consistency across all past, present and future risk studies.

“EnQuest continues to increase its resource base, making flexible and visible risk assessment a top priority,” said Kevin North, President and CEO, Dyadem. “Stature will assist EnQuest with enhanced collaboration between departments and business units and ensure a level of corporate standardization suitable for a global organization. This commitment to risk management will allow EnQuest to focus on further developing its impressive oil and gas operations across the United Kingdom.”


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 EnQuest
EnQuest PLC (LSE: ENQ.L; NASDAQ OMX: ENQ) is an independent oil and gas production and development company with a geographic focus on the United Kingdom Continental Shelf (“UKCS”). A powerful new oil & gas production and development company, Enquest has been formed from the demerged North Sea interests of Lundin Petroleum and Petrofac. EnQuest aims to become one of the UK’s leading independent oil and gas development and production companies.  For more information, visit http://www.enquest.co.uk. 

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