The IADC Drilling Near Miss/Hit Report takes safety reporting to a new level. Studies clearly show that a systematic program of reporting, reviewing and sharing with employees Near Miss/Hit events in the work place leads to improved safety. IADC developed this form to catalyze industry’s efforts to reduce incidence. The form, on convenient carbonless paper with a handy page divider, also includes the IADC definition of a near miss/hit, as well as an HSE Risk Assessment Matrix for determining severity, equipment involved, operation, location and job positions involved in the near miss. Space to describe the event and for corrective actions are also built in. IADC.