What Are The Security Challenges Of The Oil And Gas Market?

June 16, 2022

What Are The Security Challenges Of The Oil And Gas Market?

The oil and gas industry plays a major role in the thriving global economy. They remain the main source of energy in both developed and developing countries. Unsurprisingly, the oil and gas industry is the most attractive target for growing world terrorism and maritime piracy. The threat of theft and sabotage attacks persists throughout the supply chain of the oil and gas industry. The main problem is seen in the oil tanker phase of the process.

Attacks similar to maritime privacy in Somalian seas on one of the tankers can increase the cost of oil transportation and result in higher prices of the commodity for the end-user. Any major act of sabotage on the refineries or offshore platforms will result in complete stoppage or loss in the production of the refined product.

The entire supply chain in the oil and gas industry, from wells, refineries, and pipelines, to tankers, can be disturbed by the following security threats.

  • Piracy
  • Terrorism
  • Vandalism
  • Internal sabotage
  • Insurgency
  • Organized crime
  • Civil protest
  • Inter-state hostilities

Hence, the offshore industry needs a specialized and sophisticated approach to security needs, and we at GPS security are fully equipped to provide them with top-of-the-class security services.

Threat And Risk Analysis

Field operations require an in-depth risk analysis to mark the boundaries, assess potential threats, develop mitigation strategies, evaluate the consequences, as well as come up with preventive and recovery plans.

Professional security companies specialize in implementing the findings of the threat and risk analysis depending on the type of threats faced by the offshore business in question. This plan also includes the knowledge of various threat groups, their intentions, goals, offshore capabilities, past attacks, opportunities, and interferences with offshore installations and possible future actions.

Threat and risk analysis allow security specialists to create a top-layered security level to form a quick reaction force for any potential threats coming towards the facility.

Experienced Security Personnel

Hiring experienced and skilled security guards is the best way to protect any type of business and ensure that your operations are kept running smoothly.

Make sure that your security teams develop a well-integrated security plan that works closely with the cybersecurity department, ensuring that the databases and networks are properly secured. This integration will make sure that the data and business information is secured from inside and outside.

Your security personnel will make sure that no unauthorized person reaches any business entity or assess confidential information that can be detrimental to the company’s progress and functionality.

Also Read: What Security Guards Can And Can’t Do

Importance Of The Latest Surveillance Technologies

Security of the oil and gas industry, from the backend of the exploration to the front-end distribution and supply, is considered a prime concern for all the parties involved. The security process in which oil and gas operational sectors, including upstream, midstream, and downstream sectors, are secured with the help of stringent physical and network security measures. This will make sure that the process is completely monitored and secured.

The preemptive security measures might not eradicate the hazards, threats, and unpleasant events, but they will surely decrease their frequency. A secured system will experience lesser losses both in terms of money, time, and functionality. Hence, an efficient and effective security plan devised and implemented will decrease the losses and the overall burden of hiked prices for the end-user.

About GPS Security Group

GPS Security Group, a security company in Edmonton, offers solutions for all kinds of security needs. We have a vast range of services, from static and temporary deployments to mobile and permanent security solutions, emergency response services, and services for planned events. We can overcome all challenges as we have vigilant staff and experts. We serve various industries, including the construction industry, oil and gas industry, Cannabis industry, and more.

We have a presence in more than 12 localities, including Edmonton, Calgary, Lloydminster, Red Deer, Slave Lake, Medicine Hat, Grande Prairie, Saskatoon, Cold Lake, Lethbridge, and Surrey. Contact us today for further information.

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