Top 10 Best Oil And Gas Risk Management Software of 2026

Safeti by DNV is a premier quantitative risk analysis (QRA) software suite tailored for the oil and gas industry, enabling comprehensive hazard identification, consequence modeling, and risk assessment for onshore and offshore facilities. It supports advanced simulations of fires, explosions, toxic dispersions, and other major accident hazards, integrating frequency analysis with risk metrics like FN curves and ALARP demonstrations. Widely used by major operators, it ensures compliance with standards such as ISO 23251 and helps optimize safety barriers and emergency planning.

BowTieXP is a specialized risk management software from CGE Risk Management Solutions that utilizes the bow-tie methodology to model and visualize risks in the oil and gas sector. It enables users to diagram hazards, threats, top events, consequences, and barriers—both preventive and mitigative—in an intuitive, graphical format. The tool supports quantitative risk analysis, barrier health monitoring, audits, and integration with incident reporting systems, making it ideal for operational safety and compliance in high-hazard environments.

PHA-Pro is a specialized Process Hazard Analysis (PHA) software from Primatech, tailored for risk management in high-hazard industries like oil and gas. It supports a wide array of methodologies including HAZOP, LOPA, What-If, FMEA, HAZID, and Bow-Tie analysis, enabling teams to identify hazards, assess risks, and develop mitigation strategies. The tool features worksheet-based data entry, customizable risk matrices, and advanced reporting for compliance with standards like OSHA PSM and IEC 61511.

Synergi Plant by DNV is a comprehensive asset integrity management software designed specifically for the oil and gas industry, focusing on risk-based inspection (RBI), fitness-for-service (FFS) assessments, and consequence analysis. It enables operators to predict equipment degradation, optimize inspection schedules, and prioritize maintenance based on quantitative risk models, reducing downtime and costs while ensuring regulatory compliance. Widely used in refineries, offshore platforms, and pipelines, it integrates historical data, real-time monitoring, and advanced simulations for holistic plant risk management.

FaultTree+ from Isograph Software is a specialized tool for fault tree analysis (FTA), enabling reliability engineers to model complex system failures, calculate probabilities, and perform quantitative risk assessments. It supports advanced features like minimal cut sets, importance measures, event tree integration, and Monte Carlo simulations for uncertainty analysis. In oil and gas risk management, it excels at evaluating hazards in platforms, pipelines, and refineries, aligning with standards like IEC 61508 and ARP4761.

Enablon is a leading EHS (Environment, Health, and Safety) and risk management software platform tailored for high-risk industries like oil and gas. It provides tools for enterprise risk management, incident tracking, compliance monitoring, audit management, and sustainability reporting to mitigate operational, environmental, and regulatory risks. The solution supports global operations with customizable workflows and real-time dashboards for proactive risk mitigation.

SpheraCloud is a comprehensive cloud-based EHS&S (Environment, Health, Safety, and Sustainability) platform tailored for high-hazard industries like Oil and Gas, focusing on operational risk management, process safety, and compliance. It provides tools for risk identification, assessment via BowTie methodology, incident reporting, audits, and real-time analytics to mitigate risks across upstream, midstream, and downstream operations. The software supports proactive decision-making with dashboards, mobile access, and integration for enterprise-wide visibility.

Medgate is a comprehensive EHSQ (Environment, Health, Safety, and Quality) software platform with dedicated risk management modules designed for high-hazard industries like oil and gas. It enables users to perform risk assessments, maintain risk registers, conduct bowtie analyses, and track mitigation actions with real-time dashboards and reporting. The solution integrates risk management with incident reporting, audits, and compliance tools for a holistic safety approach.

Cority is a cloud-based EHS (Environment, Health, and Safety) management platform designed to help oil and gas companies identify, assess, and mitigate operational risks such as spills, emissions, and workplace incidents. It provides tools for incident reporting, risk assessments, compliance tracking, audits, and corrective actions, with real-time analytics and mobile accessibility tailored to high-hazard environments. The software integrates with enterprise systems to support regulatory reporting and sustainability goals in the oil and gas sector.

Primavera Risk Analysis, from Oracle, is a specialized risk management software focused on quantitative schedule and cost risk analysis for large-scale projects, including those in the oil and gas sector. It leverages Monte Carlo simulation to model uncertainties, assess project durations, costs, and contingencies. Integrated with Oracle Primavera P6, it enables oil and gas firms to perform detailed risk assessments on drilling, construction, and EPC projects, providing probabilistic forecasts and tornado charts for decision-making.