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

How to Liquidate a Company in Andorra

Liquidating a company in Andorra can be a difficult approach, demanding obedience with local rules and an comprehension of the lawful substructure. In Andorra, the procedure is governed by clear laws aimed at guaranteeing orderly voiding while guarding the interests of obligee, sharers, and other stakeholders. This article will supply an in-depth guide on how...

Forex License in South Africa

The Forex market continues to develop and expand rapidly. Many jurisdictions have already appreciated the potential and prospects of this area, and are trying in every possible way to attract foreign investors to cooperate, establishing reliable and loyal regulation. South Africa has become one such jurisdiction. It is also one of the first countries to...

Regulation of cryptocurrency in Canada

Since the FinTech sector is getting more popular, many people are curious to what extent cryptocoins and related products are legal and usable. The brief answer is yes, buying and selling them is legal, however, Canada does not consider them legal tender. As this status often leads to misunderstandings, let’s take a look at the...

Extradition Defense in Italy

From the very beginning the thought which we would like to highlight is that such a request is more than just paperwork. It is obvious that it’s a direct challenge to your freedom. When another country asks Italy to hand you over, the consequences can be life-altering. Nevertheless, stay still and don’t panic. We are...

Corporate Taxes in Austria

Austria, a central European country known for its rich cultural heritage and economic stability, offers an attractive environment for enterprises. However, understanding the commercial tax system in Austria is crucial for any company looking to operate in the country. This article provides a comprehensive overview of commercial-taxes in Austria, detailing the tax rates, the tax...

Regulation of cryptocurrencies in Switzerland

Switzerland has one of the most progressive economics in the world. It is a very popular place to establish crypto-related companies, canton of Zug is also known as the “crypto valley” among local people. At the same time, the regulation of cryptocurrency in Switzerland is one of the most incomprehensible, but it is still one...

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...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank: