Training, Technology Increases Safety
In an ideal world, blowouts, leaks, fires and worker injuries on onshore and offshore assets would be banished to the history books. But despite a tremendous effort by professionals and organizations across the upstream industry, these events still can occur. In fact, the most recent edition of Marsh’s list of the 100 most expensive losses in the hydrocarbon industry during the past 40 years shows 35 percent of the total occurring within the past 10 years. The recent entries include four upstream events between 2011 and 2013.
While completely eliminating risk is impossible–even with oil and gas companies committed to safety as job one the industry continues to develop and implement procedures, equipment and best practices to minimize the occurrence of health, safety and environmental incidents.