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Safety Performance

Executive Summary

Core Lab is a leading service provider to oil and gas operations with a global presence and impact; we strive to respect the communities and environments in which we do business. We are committed and strive for a zero accident environment, which makes safety first in all of our locations and those of our clients. Core Laboratories 4,600+ employees operate in over 50 countries around the globe and in 2015 these employees worked 9.9 million man hours. For the 5th consecutive year both the Total Recordable Incident Rate (TRIR) and Lost Time Incident Rate (LTIR) have improved. In 2015 the TRIR improved by 28.8% and the LTIR improved by an impressive 73.3%. The LTIR improvement was the result of immediate case management and safety procedure improvements that resulted in only 2 incidents being recorded as lost time resulting in only 89 lost work days.

Most importantly Core Laboratories recorded another year without a fatality or incident resulting in hospitalization. The number one goal of Core Laboratories is to prevent all incidents, but especially those with significant impact to the environment, our employees and their families.

SAFETY PERFORMANCE 2012 2013 2014 2015 2014-2015 Delta 2013-2015 Average 2016 Goal

TRIR

Lost time, restricted duty, medical treatment incidents and fatalities per 200,000 hours worked

0.90 0.68 0.59 0.42 28.8% Improvement 0.56 0.50

LTIR

Lost time incidents per 200,000 hours worked

0.30 0.19 0.15 0.04 73.3% Improvement 0.13 0.12

Number of recordable incidents

Number of lost time, restricted duty, medical treatment incidents and fatalities

51 35 31 21 32.3% Improvement 29 25
Core Lab Safety Performance

Goals

Core Lab will establish goals and target based on 3 year averages. It is our view that sustainability of the safety program must be measured over larger periods of time and that high safety cultures display solid downward performance.

The Graph below shows the Core Laboratory trend and the trend has been good – especially LTIR. Core Lab firmly believes trending of 3 year averages best shows the sustainability of the safety program over time by removing the short term peaks and valleys. This provides a more stable and measurable TRIR or LTIR, avoiding safety expectations on performance based on just one good or bad year. Core Lab Company goals must be set with the expectation of driving down three year averages. The objective is to set realistic, achievable goals based on the clients preferred contractor evaluation measurement.

Core Lab Incident Performance

Core Laboratories 4,600+ employees operate in over 50 countries around the globe. In 2015 these employees worked 9.9 million man hours. Through employee dedication, for the 5th year, both the TRIR and LTIR have improved significantly. In 2015 the TRIR improved by 28.8% and the LTIR improved considerably by 73.3%. Safety gains were driven by exceptional results from several of the Core Lab companies most of which recorded zero LTIR incidents. Recordable incident occurrences dropped 32.3% from 2014 to 2015 with only 21 recordable events, the lowest ever!

Recordable Incidents by Year

In 2015 Core Laboratories business segments again achieved the lowest number of accidents ever with 21 recordable incidents. This is an improvement of 32.3 % and far exceeded the target of < 28 recordable incidents.

Incident Classification

  • FATALITY

    Completed 2015 without a fatality in any business segment.

  • LOST TIME

    Significant year over improvement of 73.3% LTIR and lost time injuries down from 8 in 2014 to only 2 in 2015. Lost days decrease from 178 in 2014 to 89 in 2015.

  • RESTRICTED TIME

    Restricted time injuries down from 16 in 2014 to 14 in 2014. Restricted days decreased from 506 in 2014 to 360 in 2015.

  • MEDICAL TREATMENT

    Significant improvement from 7 medical treatment cases in 2014 to 5 in 2015.

GOALS 2014 2015 2016
LTIR 0.17 0.15 0.12
TRIR 0.60 0.55 0.50