Abstract:The Oil and Gas industry has historically relied on lagging indicators (e.g., number of spill events, volume of spill, number of well kicks, personal safety statistics) for measuring and monitoring safety performance. Even though these metrics provide some useful information on an organization's safety culture, they do not offer any predictive insights.
Leading indicators are metrics for measuring and monitoring events that can lead to or contribute towards an incident. Well control incidents ar… Show more
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