7x higher Fatality Rates in the Oil & Gas Industry. Urgent Need to Strengthen the Safety Culture. Here’s How.

Whitepaper | August, 2021

The oil and gas industry requires a wide range of machinery and materials for its activities ranging from drilling to servicing. The end-product being highly inflammable makes the exploration and drilling process much riskier, as an explosion can have a far-reaching impact.

On the face of it, the major causes of fatalities in the oil and gas industry may seem similar to those found in other industries but, the fatality rate isseven times higher. This makes it imperative to identify the significant hazards and determine appropriate control measures to mitigate the severity of these hazards thus keeping employees and the environment safe.

Manual systems or legacy-based systems are insufficient to manage the complexity and the critical risks associated with the oil and gas industry. They need automated, AI-based systems with data analytics and enterprise-wide visibility of people, processes, and data — to be able to effectively identify, rank, and manage risks to prevent future events.

In this whitepaper we take a deep dive into the world of Health & Safety for the Oil & Gas Industry.

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