Eternity Law International News ISO 29001: Oil & Gas Industry

ISO 29001: Oil & Gas Industry

Published:
September 9, 2021

Industry standards are being developed with the aim of unifying management systems, integrating them with each other, through this, optimizing enterprise administration processes. Basis of this standard is the process approach – the identification of the activities of the enterprise, including the quality management itself, the analysis of methods for managing these processes. ISO 29001 is a technical specification developed for the oil, petrochemical and gas industries. Purpose of this document is to implement and comply with all the basic requirements of the quality management system at enterprises whose direct line of business is oil and gas resources development and their processing.

This narrowly focused standard is based on a general postulate – ISO 9001. The implementation of the system with the accompanying preparation of documentation and certification confirms the competence of manufacturers, and guarantees compliance with the requirements of potential customers in this area.

Standard Influence Field

The oil, gas and petrochemical industries have certain specificities that must be taken into account when standardizing quality management processes. These industrial sectors are associated with potentially hazardous processes for processing of flammable substances, liquids and gases. To ensure the safety of employees involved in these processes, end users and the public, as well as an adequate environmental protection level, while maintaining the continuity and profitability of the production cycle. ISO 29001 covers the following.

  • Repair of devices and materials.
  • Research of deposits of hydrocarbons and other minerals.
  • Field development, production of oil, mineral and other raw materials.
  • Purification of raw materials (oil, gas, etc.).
  • Sale of oil, gas and other minerals, and production made from them.
  • Maintenance and interconnection between the above processes.

Benefits of passing ISO 9001 certification

What are the benefits of implementing ISO 29001?

  1. Increases loyalty to the enterprise on the part of customers, partners and regulatory authorities.
  2. Provides a high level of attractiveness of the company for current and potential shareholders and investors.
  3. Forms a positive image of the company for the media, consumers and the public.
  4. A competitive advantage in domestic and international markets.
  5. Increases the chances of winning tenders and auctions.
  6. Minimizes the percentage of rejects, increases the average raw materials and products quality.
  7. Reduces unplanned costs associated with problems of low-quality goods (return, compensation for damage from products of inadequate quality, fines and other payments, costs of recalling and disposing of low-quality lots).
  8. Increases controlling processes efficiency and ensures the flexibility of their adaptation to changing conditions.
  9. It makes it possible to obtain more favorable conditions for insurance, obtaining loans, etc.

Additional ISO 29001 Points

  • Increased reputation and level of trust. ISO is an international standard. It is understood by market participants all over the world. 65% of our customers report that the level of trust in their company has increased significantly after ISO 29001
  • Cost optimization. The system allows you to simplify work processes, minimize manufacturing defects and build a process for continuous quality improvement.
  • Sales growth. The implementation of the quality management system enabled 73% of our clients to achieve the maximum quality of the services provided, expand the sales market, and increase the number of contracts with large customers.

It is especially recommended to undergo certification for companies involved in geological works, production, transportation and storage of hydrocarbon raw materials, gas and oil refineries, suppliers and repairers of industry equipment. A key ISO 29001 element in guaranteeing the appropriate supplied items is the quality control system used by the supplier of the goods and the service contractor.

In addition to obtaining international certification, you can also view offers in categories  ready-made companies and licenses for sale.

You could be interested

Acquire an ADGM Category 3A Brokerage License – Fully Regulated in Abu Dhabi

If you’re looking to launch or expand a brokerage business in the Middle East, there’s one name that consistently stands out—ADGM, or the Abu Dhabi Global Market. Situated in the capital of the UAE, ADGM has become a hub for regulated financial services, offering a modern framework based on English common law and overseen by...

Removal from Interpol Database in the Netherlands

For the very beginning it is remarkable to admit that trapping a lawsuit with an Interpol Red Notice can turn your life upside down. Depending on whether you live in this region or travel frequently, a notice in the system can block your right of movement. At the same time ruin your reputation, and even...

Regulatory organization FINMA in Switzerland

The Swiss Financial Markets Supervision Authority (FINMA) is a government agency, a Swiss regulator, which is one of the most reliable in the world, since the requirements of the regulator are very strict. Its activities are focused on financial regulation, namely: protection against the creation of corruption schemes for money laundering, supervision of banks, insurance...

Investment fund in Estonia

Estonia, along with Luxembourg and the UK, is one of the most favorable jurisdictions for creating investment funds. In 2016, a new version of the Investment Funds Act came into force, which simplified the attraction of private collective investments through small alternative investment funds (AIFs). Investing capital in the commercial development of an investment fund...

Consulting of cryptocurrency

PARTNER PROGRAM “WHITE LABEL” Eternity Law International is engaged in providing a comprehensive consulting of cryptocurrencies and services in the field of blockchain and cryptocurrency technology. It offers its clients the provision of legal business activities related to earnings on cryptocurrencies. Complex consulting, which deals with the company, is always characterized by high quality of performance...

Cyprus Investment Firm License with STP + Payment License for Investors

It was by 2025 that firms looking to serve investors across Europe had put into place a hybrid model comprising front-to-back STP and electronic fund services. With that dual model, a company can route effectively client orders straight through to external liquidity sources without any internal dealing, while at the same time supporting transfers and...

Related posts

I Personally Oversee Licensing and M&A Transactions Within the Gaming Industry

In the rapidly evolving world of this sphere, where legislative schemes shift like the tides, receiving the right gaming license application is more than just a bureaucratic hurdle—it’s a strategic move that defines your business’s future. Over the years, I have personally overseen numerous licensing and M&A transactions, ensuring seamless processes for my clients as...

Starting a company in the videochat industry

The videochat industry is growing rapidly. For many entrepreneurs wishing to open a business in this industry, the actual question is how and where to register such a company. Romania is the world leader in the videochat market, with a regulated videochat activity. In this article, we will analyze the main aspects of a webcam...

ISO 14001 Concept & Importance

It is widely recognized that environmental problems are increasingly affecting the future strategic direction of every enterprise around the world. In addition to the growing demand for vital natural resources such as water, has prompted some organizations to incorporate “green thinking” into their activities. These so-called “green companies” are moving in this direction not only...

ISO 22000: Food Industry Management

In all food industry, it is becoming increasingly important to develop and use such controlling schemes that could demonstrate their ability to administrate risks in food field and could guarantee compliance with different regulations. ISO 22000 gives enterprise a number of internal benefits: basis of ISO 22000 is comprehensive method that covers safety parameters of...

ISO 37001 Provisions & Influence

This international act is a guide for creating, introducing, supporting, analyzing and improving an anti-corruption controlling system. DIN ISO 37001 clearly describes the measures and checks that should be used to avoid or detect corruption. Any company can apply the standard in all countries. ISO 37001 is an autonomous management system; however, measures available in...

VIII Baltic Oil and Gas Trade and Transport Conference Highlights Success

Our participation in the VIII Baltic Oil and Gas Trade and Transport Conference held from October 22nd to 24th, 2018 in Riga, Latvia, was a resounding success. As a representative of Eternity Law, we had the privilege of being a speaker at this prestigious event, where we delved into the intricacies of opening bank accounts...
Fill the blank: