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The IOGP (International Association of Oil & Gas Producers) has updated its IOGP Report 456 – Process safety – recommended practice on key performance indicators

IOGP 456v3 promo scaledThe report helps companies manage the risk of process safety events. (Image source: IOGP)

The global oil and gas industry has expended considerable effort developing process safety procedures aimed at preventing major incidents. The upstream oil and gas 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. Report 456 enables companies to establish effective leading and lagging indicators that assess the health of barriers that manage the risk of process safety events (PSEs), particularly those that could result in a major incident.

This third edition of Report 456 has several key updates, and incorporates feedback from IOGP members on leading indicators and recommended practices for enhancing safety performance.

This document is available from the IOGP Publications Library