Revised Report From IOGP Focuses on Process-Safety KPIs

The global oil and gas industry has expended considerable effort developing process-safety procedures aimed at preventing major incidents. The upstream oil industry, in response to major incidents, has developed improved process-safety key performance indicators (KPIs) to learn from events with less-serious outcomes and to manage system performance.

The International Association of Oil and Gas Producers recently released the second edition of Report 456, Process Safety—Recommended Practice on Key Performance Indicators. The report provides guidance on identifying leading and lagging process-safety KPIs for the upstream oil and gas industry. It is intended to enable companies to establish effective leading and lagging indicators that assess the health of barriers that manage the risk of process-safety events, particularly those that could result in a major incident.

This second edition of Report 456, published in November, incorporates revisions from the second edition of American Petroleum Institute (API) Recommended Practice (RP) 754. API published the second edition of API RP 754 in April 2016 and revised the Tier 1 and 2 material threshold categories.

Download the report here.



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