The 2010 Deepwater Horizon disaster had a devastating effect on the offshore industry, residents of the Gulf Coast, and the environment. So it should come as no surprise that risk management, disaster response, and safety regulations are some of the most discussed topics at the 2012 Offshore Technology Conference.
According to Steve Thurston, Chevron Corp. Vice President of Exploration and Production, risk management for offshore drilling falls into three categories: incident prevention, incident intervention and containment, and incident response, as reported in this article from the Oil & Gas Journal. Following the 2010 disaster, the federal government mandated that all companies working offshore must operate their businesses under the Safety Environment Management System (SEMS).
Though offshore drilling does come with some associated risk, the industry is essential to economies and productivity around the world. By implementing risk prevention procedures and more stringent safety regulations, companies are moving in the right direction. If even one disaster such as Deepwater Horizon is averted due to these enhanced prevention policies, the environment and the offshore industry will have benefitted.