Abstract
This paper describes the status of the API project to develop and maintain Risk-Based Inspection (RBI) methodology for application within the petroleum and chemical industry. The original project has now moved from a “development” phase into an “implement and improve” phase. This paper describes the essential features of API RBI, the most recent enhancements, software features, the future direction for the project, and some user experiences.
This paper also describes the acceptance of RBI by various API codes and standards, by jurisdictional authorities, and it also describes the development of an API recommended practice on RBI (API RP 580) as well as the development of an ASME standard on RBI.
The Future of Chemical Industry