Hazard reporting shake-up would cost industry £146m

20 March 20120

Preparing new major-hazard reports in proposed EU offshore safety regulations would cost the industry £146million, it has been estimated.

According to a briefing note prepared by the UK Government and seen by the Press and Journal, repealing the current system and implementing new major hazard reports would also take “virtually all of the Health and Safety Executive’s offshore division specialist inspector resource for one year” – taking officials away from frontline inspection and investigation duties.

The report says early estimates suggest the cost to the industry of just changing guidance, procedures and documentation as part of the new safety regulations would be an additional £18million. Resubmitting design, well and combined operations notifications would cost a further £12million and re-introducing UK verification schemes would cost an extra £61million, it says.

Press and Journal, Elaine Maslin | 17/03/2012