In the US, there are amended safety rules and a mandated safety management system (SEMS) which all operators must adopt. Also the first round of verification of SEMS assessments is due in November 2013.
In the EU, a new European Directive will oblige rig operators and oil & gas operators to prepare safety reports to prevent major accidents and minimise their consequences. European companies involved in major accidents overseas will be required to report the circumstances in their country of domicile. Also, any operator or rig owner working in European waters will have their corporate global safety policy subject to local regulator scrutiny.