OMV Group selects Active Risk Manager for integrated Audit Assurance
International Oil & Gas company extends its use of Active Risk Manager to combine Audit Assurance with Enterprise Risk Management
SVP Ernst PETRI, CAE at OMV stated; “Sword Active Risk’s commitment to the oil and gas sector means that they are in a good position to develop this combined solution. ARM 7 will help us to streamline the management of our audit recommendations and enable us to combine risk information to support management decisions.”
Nick Scully, COO of Sword Active Risk commented; “We are delighted to be working with OMV to supply a solution for their audit requirements. For organizations looking to bring their audit and risk operations together, Sword Active Risk now has the ideal solution. Furthermore, this latest agreement within the oil and gas sector reinforces the fact that Sword Active Risk is fast becoming a market leader in this industry.”
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NOTES TO EDITORS
With Group sales of EUR 42.42 bn and a workforce of around 27,000 employees in 2013, OMV Aktiengesellschaft is Austria’s largest listed industrial company. The Exploration and Production business segment has a strong base in Romania and Austria and a growing international portfolio. 2013 daily production stood at approx. 288,000 boe/d.
In Gas and Power, OMV sold approximately 425 TWh of gas in 2013. OMV operates a gas pipeline network in Austria and gas storage facilities in Austria and Germany with a capacity of 2.6 bcm.
In Refining and Marketing OMV has an annual refining capacity of 17.4 mn tonnes and as of the end of 2013 approximately 4,200 filling stations in 11 countries including Turkey.
For more information please visit: https://www.omv.com/
About Sword Active Risk
Sword Active Risk makes risk management simple, valuable and personal. Sword Active Risk provides the world’s first risk management software that drives business performance by enhancing visibility, accountability and confidence at project, program and enterprise levels. Active Risk Manager (ARM) is the first solution available which integrates Risk Management, Cost Management and Schedule Management to show the real impact of risk, to enable better-informed decisions, and the ability to leverage risk to create competitive advantage.
Sword Active Risk is the project risk software provider of choice for the world’s leading Energy, Infrastructure and Defense projects, working with organizations like the US Air Force, Bechtel, Crossrail, US Federal Aviation Administration, Lockheed Martin, Rio Tinto and Skanska to manage project risk worldwide.
Sword Active Risk has offices in the UK, USA and Australia, servicing customers worldwide directly and through a growing network of partners.
In September 2013 Active Risk was acquired by Sword Group. For more information please visit:www.sword-
For further information and a detailed view of Sword Active Risk and ARM please visit: http://www.activerisk.com
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