Could Better Risk Management Help Prevent Oil Rig Accidents?

Photo of helicopter and oil-rigIs there a way to use risk management techniques to prevent oil rig accidents? Per a recent report in Energy Digital, a website that covers news within the oil and gas industry, taking steps to improve risk management within the oil and gas industry may be the best way to protect workers and prevent disasters such as the Deepwater Horizon oil spill from happening.

How Could Improving Risk Management Help Prevent Oil Rig Accidents?

According to the Energy Digital article, US Bureau of Labor Statistics data shows that around half a million people in the US work in the oil and gas industry. Providing those workers with a safe work environment begins with risk management, which involves using technology to spot operational problems and equipment failures before they happen.

One recent risk management program involving remote monitoring technology was able to reduce Hydrocarbon Releases (HCRs) by 49 percent over a three-year period. HCRs are a type of leak that can cause explosions similar to the one that led to the Deepwater Horizon oil spill.

Another way to improve risk management is to learn from previous incidents, such as a 2015 fire aboard an oil rig in the Caspian Sea. The fire led to the deaths of several oil and gas workers. High winds damaged a gas pipeline, leading to the deadly fire. After analyzing the incident from a risk management perspective, it was determined that oil and gas companies should record weather data occurring at oil and gas platforms and upload it to the cloud. From there, they can study the information, gain an understanding of how extreme weather impacts oil rigs and take steps to ensure that similar weather-related accidents do not happen again.

Do you think improving risk management in the oil and gas industry could help prevent oil spills and other disasters? If not, what do you think oil and gas companies should do to keep workers safe? Share your thoughts in the comment section below. Keep following our Lafayette personal injury law firm’s blog for more stories impacting our community.

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