Track 1 Session 2

10:30 to 11:30 a.m. Wednesday March 23, 2011

"Real-Time" FMECA: Using Xfmea to Manage Technical Risk in the Oil & Gas Industry

This presentation will discuss the use of ReliaSoft’s Xfmea Failure Modes, Effects and Criticality Analysis (FMECA) software to manage technical risk in the oil & gas industry. We will discuss the journey from an existing corporate framework and processes to the creation of an integrated risk management process with the associated cultural challenges. We will also cover the progress so far and the lessons learned.

Key Words: Risk Management, XFMEA, FMECA, Oil & Gas, Subsea Systems, Culture Change

Chris Davis

GE Oil & Gas