This paper aims to support the Offshore Industry to achieve truly cost-effective safety. It examines the new framework for emerging Offshore Regulations, with its largely "goal setting" approach.
Three main themes are presented: how to understand the HSE's requirements for acceptable Safety Cases; professional project management planning, with "tit for purpose" quantitative risk assessment (QRA) and cost benefit analysis (CBA); and decision support for remedial action plans that are truly cost-effective and reduce risk demonstratably, as low as reasonably practicable (ALARP).
An affirmative answer is given to the question posed in the title, acknowledging the massive efforts being made. Momentum must be maintained and the safety cases put to work, using several recommended steps for future action.