Crab,
If your view is correct then one would assume the highest standard required by any regulator would be the minimum standard for the oil company and thus the "Best Practice" standard would apply to all of their operations world wide even if local requirements were less stringent. That costs a lot of money....a lot of money.....but after all it is all about lives and safety isn't it.....not money!
That does not happen. Never has.....never will.
Prove me wrong!