The downturn in oil prices has imposed demands on management to do more with less. Often management’s focus is on cost reductions, which are regularly achieved by eliminating activities that do not directly contribute to profits. Complex and interconnected systems used in exploration, development and production, however, can obscure risk presented by changes in staffing, procedures or equipment. Persons responsible for E&P operations may not fully appreciate the risks that changes can bring.
E&P activities are complex and interconnected. Incidents can occur because of an equipment failure or an error in performing a task or addressing an unexpected condition. Moreover, the effect of failures and errors can quickly lead to a series of conditions that increase the risk of serious incident.
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