Oil & Gas Prediction 2015 #7 - More fatalities in the industry

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Tim Haïdar


An unfortunate consequence of the drop in oil price is the likely effect this will have on health and safety. When it becomes more important to monetise every drop coming out of the ground, it is inevitable that certain initiatives will fall by the wayside as capital is transferred from one part of the business to another.

If past experience informs future trends, then this will mean that training budgets for core competencies in 2015 are reduced, resulting in a greater loss of life across the global industry.