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 4,700 employees operate in over 50 countries around the globe and in 2019 these employees worked 9.6 million man hours. In 2019 Core Lab recorded its best safety record ever with a TRIR of 0.21 and LTIR of 0.08. Recordable accident were down 52% from 21 in 2018 to only 10 in 2019 a major accomplishment by Core Lab employees globally.

Most importantly Core Laboratories again recorded another year without a fatality. 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.

Goals

Core Lab goals and target are established 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 LTIR and TRIR have showed movement towards growing sustainable safety cultures within all business units. The 2017 – 2019 year over year averages are substantially down in both LTIR and TRIR. The 3 year LTIR average has plateaued between 0.11 and 0.15 year over year, while the TRIR achieved a dramatic reduction from 0.470 to 0.377 with reductions for the previous 7 years. 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 associated with year over year results. We will again set realistic aggressive goals aimed at improving the 3 year averages in 2020.

Core Lab Incident Performance

Core Laboratories 4,700 employees operate in over 50 countries around the globe. In 2019 these employees worked 9.6 million man hours up slightly year over year. Our committed employees achieved the best safety performance ever having the fewest total accident and an all-time record low TRIR 0.21. A reduction in recordable accidents from 21 in 2018 to 10 in 2019, a 52% reduction, is a major accomplishment by all of Core Lab business segment employees, and our G&A staff.

Three Year Averages

In 2019 Core Laboratories reduced both TRIR and LTIR three year averages. 2019 TRIR extraordinary result caused a major drop in the 3 year average. The LTIR rate, already at a very low level, will require major safety dedication to further reduce. A challenge Core Lab employee are dedicated to.

Incident Classification

• FATALITY

  Completed the last 6 years without a fatality in any Division.

• LOST TIME

  LTIR cases trended down from 8 cases in 2018 to 4 in 2019. Lost days decreased from 256 in 2018 to 94 in 2019. An overall improvement of 63% year over year.

• RESTRICTED TIME

  Restricted time injuries trended down slightly from 7 in 2018 to 5 in 2019. Restricted days however increased from 207 to 438 days year over year.

• MEDICAL TREATMENT

  Medical treatment cases trended down from 6 in 2018 to 1 in 2019. Results are due to increased global awareness of safety reporting and case management.