The Third Party Audit

 

  • The Third Party Audit

    4:57 PM | April 21st, 2018

    As a procurement specialist, it’s your job to make sure that nothing enters your facility until you have had it vetted top to bottom. From well heads to BOPs, each piece of equipment has to work as advertised and with as predictable results as possible before you put it to use. When your operations are on the line, you can’t afford for any surprises to shut you down and put your workers at risk.


    For nearly a century, the American Petroleum Institute has led the development of operating standards in the oil and gas industry. As a result, API specifications are the most widely cited standards by the international regulatory community, and many of their specifications have been incorporated into regulations on both state and federal levels. This makes API the ultimate authority when it comes to evaluating quality.


    In 2012, API published Specification 20E as a response to bolt failure. With this new standard, API has come out on the side of fastener companies and facilities that have called for safer bolting practices industry wide.


    You already make sure that you know everything there is to know about your bolts before you buy. But wouldn’t it be even better if you could get a second set of eyes on them? That’s API 20E. Bolting companies ask API to audit their full process, from supply chain to manufacturing to coating, based on 20E specifications so their customers can be sure of a fastener’s quality and integrity. As an objective third party, API evaluates vendors and provides them with a certified license of 20E compliance that corresponds to one of its three bolting specification levels.


    No matter what, you are going to evaluate your bolts based on your own specifications. When it’s a bolt that holds your operations together, you can’t afford not to. And with API 20E in your corner, you can be sure that a fastener has been thoroughly and completely audited by a third party outside of yourself whose only interest is bolt safety and integrity. This extra layer of protection offers the defense in depth that will give you peace of mind and help you secure smooth operations.