ABS Consulting and API Establish Global Risk Management Training Initiative

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ABS Consulting and API Establish Global Risk Management Training Initiative

March 15, 2005

Houston, TX - The American Petroleum Institute (API) has contracted with ABS Consulting to offer oil and natural gas industry-specific training in process safety, environmental auditing and environmental, health and safety (EHS) risk management.

This API training initiative will include conferences, workshops and courses which will be offered publicly and privately in international areas including the Middle East, South America, China, Singapore, and Eastern Europe as well as the United States, Canada and Mexico.

These courses, to be offered by mid-2005, are an important component of API-U – API’s comprehensive Continuing Education Program for Oil and Natural Gas Professionals. API’s PetroTEAM will bring accomplished industry experts to provide industry professionals practical experience in process safety, risk management, and environmental auditing. A Web site providing course information will become operational in April 2005.

ABS Consulting has previously provided API industry practice workshops in process safety. Adding risk management and environmental management to API’s offerings will address the demand in the international oil and natural gas industry for API training. ABS Consulting instructors bring many years of expertise to API’s members and customers.

"This new program enables API to meet the demands of the global oil and gas industry for training in these important areas," said Red Cavaney, president of API.

"Managing risk is an increasing concern for the Board, management, engineers, operators and craftsmen within oil and natural gas companies.We are committed to provide API and its members with valuable risk management training and experiences-sharing opportunities to support the global oil and gas industry with these complex issues," added Frank Iarossi, chairman and CEO, ABS Consulting.

About API

API, based in Washington, DC, is the U.S. oil and natural gas industry's primary trade association with more than 400 corporate members. API provides the opportunity for standards development, technical cooperation and other activities to improve the industry’s competitiveness through sponsorship of self-supporting programs.

About ABS Consulting

ABS Consulting is a global safety, risk and integrity management company with nearly a half century of experience completing challenging projects in all parts of the world in the oil and gas, chemical process, nuclear, government, maritime and insurance industries. An affiliated company of ABS, ABS Consulting has offices in over 39 countries and over 1,300 employees worldwide. ABS Consulting headquarters are located in Houston.

Learn more about ABS Consulting.

For more information, Contact:

Kristy Evenson
ABS Consulting
1-281-673-2945 | kevenson@absconsulting.com