The oil industry is being squeezed as declining crude oil prices alter the short-term outlook. The economic impact has affected the industry across the board, with compressed profit margins. As a result intense industry-wide optimization is taking priority in hopes of easing the blows of falling profits. This optimization is affecting all aspects of oil drilling, from upstream to downstream—even deep into corporate headquarters with employee layoffs and the shutting down of less efficient rig sites. One method of controlling cost is reevaluating personal protective equipment (PPE).
By optimizing the type of PPE on sites, you can have a positive effect on your bottom line: it also helps cut out costs associated with employee injuries. When evaluating PPE, it’s easy to assume that purchasing lower-priced options might provide a quick-fix in terms of dollars spent, but this is misleading. Finding the delicate balance between quality PPE that keeps your workers safe and productive verses the cost of cheap PPE requires smarter research. Let’s take a look at how this can be achieved.