2.7.1Process safety management

Management Approach

A Process Safety Management (PSM) framework and program based on an industry standard1 2 is in place, which when applied throughout the product lifecycle, has the potential to reduce the risk of major accidents.

The PSM framework consists of a set of risk-based priority activities and practices that are being embedded in the Company’s GEMS and the Group Technical Standards (GTS), which have been aligned with the ISRS improvement activities.

All Loss of Primary Containment (LOPC) events occurring offshore are reported to the relevant parties within the organization and analyzed to identify appropriate treatment measures. SBM Offshore follows IOGP 456 and API 754 standards for LOPC classification. The annual statistics are compared to previous years and benchmarked against IOGP averages.

2018 performance

Key achievements

  • Successful deployment of Process Safety Fundamentals (PSFs)2 fleetwide.
  • Implementation of internal Process Safety Leading KPI's across our operating assets, with better than target performance achieved.

Key results

  • The number of Tier 1 Process Safety Events (PSE) was higher than our target primarily due to cargo tank vent dispersion issues on one of our assets which has now been resolved.
  • Our recorded number of Tier 2 PSEs was 5, which was better than our target of 6.
  • A total of 344 process related LOPC events were recorded, of which 181 were of API 754 classified materials.


The following objectives have been set for 2019:

  • Targets are set to reduce the number of Tier 1 and 2 PSEs compared to 2018 i.e Tier 1 PSE performance to be 1 or better, and Tier 2 PSE performance to be 3 or better.
  • Continue implementation of the PSM framework throughout our business processes.