New research from DNV GL, the technical advisor to the oil and gas industry, reveals that 46% of senior professionals in the sector believe there has been underinvestment in inspection and maintenance of infrastructure and equipment in recent years. Just a quarter (28%) said that they expect to increase spending on safety in 2018. 61% will maintain current budgets and 5% plan to cut investment.
The findings appear in The State of Safety, a special report from DNV GL’s research on the outlook for the oil and gas industry in 2018. Based on a survey of 813 senior sector players, the report also affirms expectations for digital technologies to bridge the gap between long-term cost efficiency and enhanced safety in projects and operations.
