DNV has recently won a 300 thousand USD software contract with China Petroleum & Chemical Group (SINOPEC) for safety and environment risk assessment. The contract provides SINOPEC with 5 site licenses of DNV’s market leading SafetiTM software for risk mitigation of flammable, explosive and toxic accidents.
“The agreement with SINOPEC illustrates China’s commitment to addressing challenges in health, safety and environmental issues for the oil, gas and process industries”, says Øystein Goksøyr, Regional Manager of DNV’s software house in China.
The agreement between SINOPEC and DNV includes an extensive training package in theoretical and practical application of Safeti and quantitative risk assessment.
“We see an increasing acceptance of risk-based assessment methods in the Chinese industry to avoid or minimize consequences of accidents”, adds Goksøyr. “This is reflected in a high demand for DNV’s Quantitative Risk Assessment (QRA) software. Safeti has rapidly become market leading in China”, says Øystein Goksøyr.
Safeti incorporate the international industry standard for consequence modeling. Accident scenarios are analyzed, taking account of local population, land usage and weather conditions, to quantify the risk associated with the release of hazardous chemicals. In this way major risk contributors are identified and mitigated thereby avoiding serious accidents to take place.
The software is not only applicable for the oil and gas industry. Recently, Shanghai Jinhui Occupational & Health Consulting Service investment in Safeti. They are using the software for risk mitigation in the city planning of Shanghai.
“City planning is a new and exciting segment for us. We expect to see other major cities in China joining Shanghai in their choice of Safeti in near future”, inputs Goksøyr.
While DNV established its maritime business in China as early as 1888, the regional software office was opened in 2005 to serve the growing markets for industry software in China. “Our China strategy has paid off well,” concludes Goksøyr who has experienced a revenue growth of 160 % from software the two first years of operation.