Lloyd’s Register services to the energy industry

Lloyd’s Register: Total Asset Performance (TAP)

What is the role of the regulator under the new regime?
Achieve and
maintain
Holistic Are identification and mitigation of risk sufficient AS a minimum standard?
compliance within
approach
new GoM
Why is meeting regulatory requirements NOT a sufficient minimum standard? regulatory regime

Why is compliance with prescriptive regulation ONLY a compliance issue? Provide safe,
secure
Lloyd’s environment for
Register helps Do regulations set safety thresholds? both equipment
companies and personnel
understand
Am I doing enough to ensure safety? How much is enough?
what is at Increase
stake and what efficiency, reduce
their options Am I doing what I said I would do? unit downtime
are
Achieve superior
What level of enforcement am I required to maintain?
performance

What are the threshold requirements for operator competence?

Plan and
implement
long-term Am I responsible for competence recognition and training?
operations
Do my responsibilities extend to my contractors and supply chain?