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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 4,400+ employees operate in over 50 countries around the globe and in 2016 these employees worked 9.4 million man hours. In 2016 Core Lab recorded its second best year ever having 23 recordable accidents compared to 22 in 2015. Challenging market conditions over the past two years has reduced man-hours by 1.1 million compared to the company high in 2014. During this period Core Lab has continued to reduce accidents and maintain excellent Lost Time and Total Recordable Incident Rates.

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 2013 2014 2015 2016 2014-2016 Average 2017 Goal

TRIR

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

0.68 0.59 0.45 0.49 0.51 0.45

LTIR

Lost time incidents per 200,000 hours worked

0.19 0.15 0.06 0.15 0.12 0.12

Number of recordable incidents

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

35 31 22 23 25.3 21
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 longer periods of time and that high performance safety cultures display solid downward trends over time.

Tends for both LTIR and TRIR have showed movement towards growing sustainable safety cultures within all business units. These graphs and additional calculations used to determine averages can be found in Appendix B Goal Calculation. Core Lab firmly believes trending of 3 year averages best demonstrates the sustainability of the safety program over time by removing the short term peaks and valleys. We will again set realistic aggressive goals aimed at improving the 3 year averages in 2017. See Appendix B Goal Calculation.

Core Lab Incident Performance

Core Laboratories 4,400+ employees operate in over 50 countries around the globe. In 2016 these employees worked 9.4 million man hours. This is down from our employee high of 5000+ employees in 2014 due to the recent market conditions. Our committed employees achieved the second best safety performance ever having only one more recordable incident in 2016 over 2015. Safety gains were driven by exceptional results from several of the Core Lab companies many of which recorded zero LTIR incidents.

Recordable Incidents by Year

In 2016 Core Laboratories business segments achieved the second lowest number of accidents second to 2015 with 23 recordable incidents. Of these incidents there has been some improvement with severity dropping significantly in the number of restricted cases.

Incident Classification

  • FATALITY

    Completed 2016 without a fatality in any Division.

  • LOST TIME

    LTIR cases rose from the record low of 2 cases in 2015 to 7 in 2016. While this is a substantial increase year over year 2016 results still represents the second best Core Lab LTIR at 0.15

  • RESTRICTED TIME

    Restricted time injuries trending down from 16 in 2014 to 14 in 2014, and 6 in 2016. Restricted days decreased by 142 days year over year.

  • MEDICAL TREATMENT

    While medical treatment cases have risen this is mostly due to increased global awareness of case management reducing lost and restricted cases.

GOALS 2015 2016 2017
LTIR 0.15 0.12 0.12
TRIR 0.55 0.50 0.45