Safety, key priority for Oil Search: Botten

Safety continues to be a key priority for Oil Search across all operations, says managing director Peter Botten.

In a teleconferencing today with media workers, Botten said during the first half of 2015, Oil Search recorded a Total Recordable Incident Rate (TRIR) of 1.94 per million hours worked.

“This was a slight improvement on our 2014 TRIR of 1.97 per million hours worked, which ranked Oil Search fifth best among the ASX 100 companies in 20141.”

He said the company incurred no lost time injuries during the first half.

“The company’s High Potential Incident Frequency, defined as the number of incidents or near misses per million hours worked that could have potentially resulted in one or more fatalities, has also significantly improved, declining from 0.63 in 2014 to 0.32 per million hours worked in the first half of 2015,’’ he said.

Botten said implementation of a multi-year Process Safety Improvement Plan continued during the first half of 2015, which had resulted in a significant improvement in the stability of operations achieved at the company’s Central Processing Facility at Kutubu.

Meanwhile the company has recorded a net profit of US$227.5 million (K596.96m) after tax for the first half of 2015, which is 49% higher than in the first half of 2014 and the highest half-year profit in the company’s history.

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Freddy Mou