September 13, 2020
The oil industry has always been one which, to put it mildly, has been prone to risks and hazards. Even the most cursory of online searches will reveal countless industry disasters and sobering statistics. Whether it be onshore or offshore, oil production traditionally has been fraught with danger.
Over the past decade or so, however, things have begun to change. More stringent regulations have been introduced, more accountable and transparent legal frameworks have been put in place, and significant technological advancements have been made. All of which sees the industry in the safest position it’s ever been.
There’s no room for complacency, however. After all, the Deep-water Horizon disaster was only 10 years ago and while annual fatalities are indeed showing a downward trend, those are lives lost, not just some statistics. With that in mind, let’s look at how the industry is making proactive steps towards a safer future.