The comparison of the databases of OSHA's, and the International Association of Oil and Gas Producers (O.G.P) and Australian Petroleum and Exploration Association (APPEA), record a significant number of fatal and severe accidents in Exploration & Production (E&P) operations. To minimize these accidents, methodologies need to be adopted that determine the nature and severity of all hazards which may result in death or compensable injury. Traditionally, OH&S has been viewed as a lone silo of activity. The extent of impact OH&S can have is not fully appreciated by all sectors of an organisation. The effects of OH&S are across an organisation and its interaction should be examined accordingly. Any accident should be considered as an event. There are stakeholders in such events, some acting in a pro-active manner and others re-active to the extent that their actions will threaten the financial performance of the organisation, whilst others could threaten the viability or existence of the organisation. The examination of the stakeholder relationship, determination of the hazards and the development of matrices based on likelihood and consequence, provide a way of profiling of risk within the organisation. By profiling, the relative importance of the risk is determined. Once a risk profile has been established, risks that are unacceptable and those whose remedial treatment is desirable are costed and the maximum risk reduction benefit can be achieved for the minimum budget allocation. Introduction Companies and Authorities are continually reviewing statistics of their own accidents or industry-related accidents and seek to determine the number of fatal as well as serious injuries classified by type and industry. The Oil and Gas Industry of the United States has the fatality rate of 34.5 deaths per 100,000 workers or 1 death per 4.3 days. By comparison to other industries this is 8.5 times greater. The significance of this occurrence is that this sector of the energy industry has fatalities of approximately an order of magnitude greater than other industries. Such a huge disparity to other industries immediately challenges the oil industry and government as to why? The cause of these fatalities are broken up by categories (Figure 1), and by equipment type (Figure 2).