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 4,550 employees operate in over 50 countries around the globe and in 2018 these employees worked 9.4 million man hours. In 2018 Core Lab recorded one of its best safety years matching our lowest ever TRIR of 0.45 in 2015 and having the lowest ever number of recordable cases. In particular our Reservoir Description Segment, representing 75% or Core Lab employees, recorded an outstanding TRIR of 0.14 and LTIR of 0.06. Increased market activity in our Production Enhancement segment resulted in a personnel increase of 20% and resulted in a short service worker incident rate of 62% higher than any other year.

Most importantly Core Laboratories again 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.

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 2016 – 2018 average is up slightly 0.037 as the 2015 LTIR of 0.06 dropped off the average. 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 2019.

Core Lab Incident Performance

Core Laboratories 4,550 employees operate in over 50 countries around the globe. In 2018 these employees worked 9.4 million man hours. Our committed employees achieved one of the best safety performance ever having the fewest total accident and record low TRIR. Safety gains were driven by exceptional results from the largest Companies in our Reservoir Description Segment, representing 75% of our employees, setting record low results of TRIR 0.14 and LTIR 0.06. Increased activity in our Production Enhancement segment resulted in a personnel increase of 20% (298 new hires) and resulted in a short service worker incident rate of 62% higher than any other year.

Three Year Averages

In 2018 Core Laboratories maintained TRIR and increased LTIR three year averages. 2015 was an ultra-low year LTIR of .06 with only 3 lost time Injuries Company wide. Loss of the 2015 LTIR and increase of 2 LTI are the main drivers causing the LTIR 3 year average to increase year over year.

Incident Classification

• FATALITY

  Completed the last 3 years without a fatality in any Division.

• LOST TIME

  LTIR cases trended up from 6 cases in 2017 to 8 in 2018. Lost days increased by 157 days year over year. However, 151 days are attributed to 1 case and 89 days to the remaining 7 lost time cases.

• RESTRICTED TIME

  Restricted tie injuries trended down slightly from 8 in 2017 to 7 in 2018. Restricted days also decreased by 367 days year over year.

• MEDICAL TREATMENT

  Medical treatment cases trended down slightly from 7 in 2017 to 6 in 2018. Results are due to increased global awareness of safety reporting and case management.