Integrated risk assessment for oil and gas installations in sensitive areas

Abstract

Oil and gas installations in sensitive areas with harsh environmental conditions may require improved risk management. Intensified monitoring, assessment and mitigation of risk on a (quasi-) real time basis would advantage not only the operators, but also the surrounding environment. A systematic tool for continuous quantitative evaluation of safety and environmental issues is still lacking. The present work introduces a novel methodology for the integrated assessment of human and environmental risk. A dynamic perspective is adopted to systematically consider the performance of safety barriers. Environmental risk is further investigated by using the risk matrix approach, which evaluates both frequency and severity of oil spill. The methodology is applied to the case of a real oil platform in the Barents Sea. A set of simulations on how the platform is conducted demonstrated that the proposed method may be suitable for risk analysis in such critical conditions. It also showed that dynamic risk assessment may allow identifying critical safety barrier elements, whose correct performance needs to be prioritized to control risk. This is also supported by environmental risk assessment, showing that further safety measures may be considered for biological and environmental conservation

Measurement of Cost & Benefit for Implementation of Risk Management in the Production Process

“…A number of risk management studies are related to the achievement of company performance such as research on the application of risk management that aims to mitigate oil spill cases that are at risk to operators and environmental pollution [2]. Research on implementing ISO 31000 risk management standards to improve the success of an engineering project [13].…”

“…Risk management is a strategic management tool encourages decision makers to imagine the future conditions of the organization by exploiting opportunities and avoiding potential threats [1]. Risk management is an activity of identifying, assessing, monitoring and controlling risks intensively in various events that occur within the organisation [2]. The definition of risk according to international standards ISO 31000 is the effect of uncertainty in achieving organisational goals.…”

“…E-mail: mrosiawan@staff.ubaya.ac.id. 2 Moses Laksono Singgih and Erwin Widodo are with Department of Industrial Engineering, Institut Teknology Sepuluh Nopember, Surabaya, Indonesia. E-mail: moseslsinggih@ie.its.ac.id; erwin@ie.its.ac.id.…”

Standardized risk assessment techniques: A review in the framework of occupational safety

“…Real-time data and periodical risk evaluation may be considered as a key improvement to allow for effective decision-making support (Bucelli et al, 2017). However, being static QRA precludes any possible update and integration of the overall risk figures, due to the actual real world ever-changing environment or later improvements based on new risk notions.…”

Fuzzy evidence theory and Bayesian networks for process systems risk analysis

“…Recently, BN-based methodologies have been proposed in (Baksh et al, 2018, Abaei et al, 2018, Hegde et al, 2018 for risk assessment in the maritime domain. Additionally, Bucelli et al (2018) proposed a dynamic risk assessment approach by adapting the Risk Barometer (RB) (Paltrinieri and Khan, 2016) concept.…”