KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), in collaboration with the Department of Safety and Health (DOSH), has introduced a new framework for offshore operations that allows for partial industry self-regulation in the management of offshore assets and facilities.
The Offshore Self-Regulation Management System (OSR-MS), a collaboration between Petronas and DOSH since 2007, effectively gave Petronas the mandate to regulate and oversee the management, safe operation and integrity of all offshore assets and facilities in Malaysian waters on behalf of DOSH, the national oil company said in a statement.
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