Where Is the Safest Offshore Region for Oil, Gas Right Now?
There are two perspectives that can be taken on the topic, according to Alex Robak, an analyst at global risk intelligence company Dryad Global.
“From one perspective, one can look at the overall absence of risk - from this perspective, we can easily say that either the United Kingdom’s North Sea or Canada’s Nova Scotian continental shelf is the safest region for offshore oil and gas operations right now,” Robak told Rigzone.
“From an alternative perspective, we can take a look at regions in which there is an ongoing presence of risk, yet there exists an absence of direct threats or incidents. This perspective would point to either the Mediterranean Sea or West Africa as the safest region right now for offshore oil and gas production,” he added.
Simply looking at the overall absence of risk would lead one to conclude that either Canada or the United Kingdom are the most secure regions in the world for offshore oil and gas, Robak noted.
“Canada’s offshore industry accounts for approximately one million barrels per day, and its geographic location along the Nova Scotian continental shelf has been a benefit in that there is little to no risk to its continued operation on a day-to-day basis,” Robak said.
“The United Kingdom’s offshore facilities in the North Sea are similarly well positioned geographically. Additionally, both countries have strict regulatory frameworks in place to protect offshore oil rigs from potential security threats that may arise,” Robak added.
The Dryad Global analyst outlined that, from the “second perspective”, Dryad “can point to West Africa as a region in which one would attribute a moderate risk factor”.
“However, as there has been a decline in overall piracy and armed robbery incidents in the past few years, this risk has seemingly not translated into any sort of meaningful threat to day-to-day operations,” he said.
“This is the result of regional governments and international organizations having taken significant steps to combat maritime crime through military means and intelligence sharing,” Robak added.
“Alternatively, the Mediterranean Sea is a region in which geopolitical instability has created an environment with a moderate level of risk as a result of the ongoing crisis in Libya. This conflict has continually threatened oil supply to Europe over the past year. Despite this, there is very little in the way of active threats to operations of offshore oil rigs themselves in any meaningful way,” Robak continued.
When asked where the safest offshore region for oil and gas is right now, Lars Petersen, the regional medical director for International SOS, which describes itself as a pioneer and leader in international health and security risk management, said, “Norway has the best supervised regulatory system in the global offshore space”.
“Considerations on the safety of offshore regions for oil and gas workers also depends on the age and quality of the offshore installations (well defined in the Norwegian regulations), safety culture on board (company dependent) and the health of the offshore workers,” Petersen told Rigzone.
Back in September 2022, Rigzone looked at the most dangerous offshore region for oil and gas. To view that article, click here. To contact the author, email firstname.lastname@example.org
What do you think? We’d love to hear from you, join the conversation on the
Rigzone Energy Network.
The Rigzone Energy Network is a new social experience created for you and all energy professionals to Speak Up about our industry, share knowledge, connect with peers and industry insiders and engage in a professional community that will empower your career in energy.
- Two Main Forces Have Come Together to Pull Down Commodity Prices
- UK Offshore Energy Calls for Labour Party Meet
- Aker BP's 1.07 Bboe North Sea Projects Get Parliament Nod
- Coal Getting Cheaper in China Despite Heat-Induced Demand Surge
- Mitsubishi Shipbuilding Eyes to Fuel Sea Transport with Ammonia
- Americas Exploration Heats Up
- Distillate Crack Spreads Return to February 2022 Levels: EIA
- Gas South Inks Plumbing Deal for Its Consumers
- Saudi Oil Cut Risks Leaving Bitter Taste for Budget
- Irving Oil Starts Review That Puts Key Refinery on Market
- Saudis Remind Global Oil Market Who is King
- Saudi to Cut Output by 1MM BPD in Solo OPEC+ Move
- Data Science is the Future of Oil and Gas
- Debt Ceiling Deal Becomes Law
- What Do Latest OPEC+ Moves Mean?
- TotalEnergies Inks Agua Marinha PSC in Brazil
- Fatality At North Rankin Complex
- North America Loses More Rigs
- Par Pacific Completes Buy of ExxonMobil Refinery
- Does the Global Drug Trafficking Industry Affect Oil and Gas?
- Which Generation Is Most in Demand in Oil, Gas Right Now?
- Who Is the Most Prolific Private Oil and Gas Producer in the USA?
- USA EIA Slashes 2023 and 2024 Brent Oil Price Forecasts
- BMI Reveals Latest Brent Oil Price Forecasts
- Is There a Danger That Oil and Gas Runs out of Financing?
- BMI Projects Gasoline Price Through to 2026
- What Will World Oil Demand Be in 2023?
- North America Rig Count Reduction Rumbles On
- What New Oil and Gas Jobs Will Exist in the Future?
- What Does a 2023 USA Recession Mean for Oil and Gas in the Country?