The Incident Statistics Program was a initially created to track safety and accident information across the drilling industry. To achieve this goal, it had a three-prong mandate:
Since 1962, participation in the ISP has been voluntary and open to all Drilling Contractors. However, a company must participate in the IADC ISP Program and be a Member of IADC in order to qualify for rig/unit recognition.
The IADC Incident Statistics Program provides for the recognition of drilling rigs that achieve a one-year period without a lost-time incident or illness. The Incident Statistics Program also provides for recognition of drilling rigs that achieve the accomplishment of operation for a one-year period without a recordable incident or illness, with IADC ISP plaques available to order on an annual basis.