The oil and gas industry recognizes the potential for significant health hazards inherent in its operations and products. Companies in the industry have made many commitments to achieve excellence in managing these hazards and often these commitments go well beyond regulatory obligations. Indicators for the health performance of the industry are a necessary part of effective health management and the promotion of improvements in health performance. It also facilitates performance bench-marking among oil and gas companies, with the aim of identifying and sharing best practices.
In 2007 the IPIECA and the International Association of Oil & Gas Producers (IOGP) joint Health Committee published Health Performance Indicators – A guide for the oil and gas industry. IPIECA and IOGP now collect data on health leading performance indicators on an annual basis to gauge the health performance between participating IPIECA and IOGP member companies. Participating companies perform a self-assessment of their performance in relation to standardized statements about the level of implementation of the company’s own health management systems.