Published by the Petroleum Safety Authority Norway (PSA) in 2018, this document covers the following main points.

  • Risk management can only function as intended when integrated in the other decision processes.
  • Before decisions are taken, issues relating to health, safety and the environment (HSE) must be adequately identified. Uncertainty has to be taken into account.
  • Robustness is a key requirement because changes and surprises can occur.
  • Knowledge of, involvement in, commitment to and engagement with safety must be a core value. This must shape decisions in every part of the organisation.

This memorandum raises key issues viewed from our perspective – based partly on contributions from the industry. It’s meant to contribute to an improvement in industry practice, within the framework of today’s regulations.

We’d urge the parties to make active use of its content, both internally in the companies and between them. Managers and decision-makers, in particular, should use the memorandum as a contribution to their risk management work.