Importance of Risk Tolerance Criteria in the Application of Quantitative Risk Assessment in Oil & Gas Industry

2009 ◽  
Author(s):  
D. Veerana
Keyword(s):  
Risk Assessment ◽  
Risk Tolerance ◽  
Quantitative Risk Assessment ◽  
Gas Industry ◽  
Oil Gas ◽  
Tolerance Criteria

scholarly journals Application of quantitative risk assessment on offshore oil & gas industry

2014 ◽  
Vol 17 (3) ◽  
pp. 62-68
Author(s):  
Tin Trung Huynh ◽  
Vinh Trong Bui
Keyword(s):  
Risk Assessment ◽  
Quantitative Risk Assessment ◽  
Modern World ◽  
Engineering Project ◽  
Gas Industry ◽  
Production Platform ◽  
Management Approaches ◽  
The Uk ◽  
Offshore Oil ◽  
Oil Gas

Production of Oil & Gas in offshore involves some of the most ambitious engineering projects of the modern world, is a prime source of revenue for many countries. It is also involved risks of major accidents which have been demonstrated by disaster on the UK production platform Piper Alpha. Major accidents represent the ultimate, most disastrous way in which an offshore engineering project can go wrong. Accidents cause death, suffering, environmental pollution and disruption of business. To ensure all risks identified and controlled, risk management approaches need applying. This paper discusses the application of quantitative risk assessment approaches and its importance throughout the entire offshore installation.

Risk Management applied to Offshore Oil & Gas Units

2015 ◽  
Author(s):  
Karina F. Souza ◽  
Olivier Benyessaad
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Production Efficiency ◽  
Process Safety ◽  
Gas Industry ◽  
Personnel Safety ◽  
Offshore Oil ◽  
Oil Gas

Nowadays there is a greater demand in the Oil & Gas Industry for production efficiency and sustainability while it is necessary to ensure the process safety and quality. As a guideline, this paper will start describing the existent hazards in a typical offshore unit, focusing mainly the personnel safety. Then it will detail the differences among the studies which can be performed in order to identify and assess such hazards and consequently to perform a complete Risk Assessment, which is the key step for a successful Risk Management. Additionally, it will be demonstrated the reasons why a Risk Management is necessary to ensure safety in an Oil & Gas installation in the most optimized manner.

scholarly journals Mitigation of Risks Associated with Gas Pipeline Failure by Using Quantitative Risk Management Approach: A Descriptive Study on Gas Industry

2021 ◽  
Vol 9 (10) ◽  
pp. 1098
Author(s):  
Avoce Honga Abdoul Nasser ◽  
Petro Dickson Ndalila ◽  
Edem A. Mawugbe ◽  
Melaine Emmanuel Kouame ◽  
Mioumnde Arthur Paterne ◽  
...  
Keyword(s):  
Risk Assessment ◽  
Oil And Gas ◽  
Quantitative Risk Assessment ◽  
Design Stage ◽  
Management Approach ◽  
Gas Industry ◽  
Gas Dispersion ◽  
Pipeline Networks ◽  
Safety Studies ◽  
Design Protection

Risk assessment is one of the main tools that oil and gas industries use to assess the hazards and risks in their facilities worldwide. Qualitative and quantitative risk assessments are carried out at various phases of the process industry: conceptual stage, design stage, construction stage, operational stage, decommissioning stage, etc. The quantitative risk assessment is directed during the detailed design stage to decide the spacing and layout out of equipment for safe operation and maintenance of oil and gas industries. The equipment layout and spacing are based on the safe distances are to be carried out on various design safety studies. In this work, a study was carried out on upstream onshore natural gas gathering stations and associated equipment and pipeline networks. The fire, explosion assessment, and toxic gas dispersion are conducted to evaluate how it affects people, assets, and the environment. Whether the design protection systems are adequate to mitigate the consequences or any additional measures to reduce risk to an acceptable level is analyzed.

scholarly journals Quantitative Risk Assessment for Two-Step Process Route of MeOH Production Plant using Recycled CO2 with HYSYS

2019 ◽  
Vol 9 (1) ◽  
pp. 5694-5698
Keyword(s):  
Risk Assessment ◽  
New Technology ◽  
Risk Tolerance ◽  
Quantitative Risk Assessment ◽  
Production Plant ◽  
Methanol Production ◽  
Production Region ◽  
Process Route ◽  
Carbon Dioxide Co2

A new technology of methanol (MeOH) production by using carbon dioxide CO2 has changed world prospective regarding methanol production. These will contribute to the mitigation of CO2 which become the major gas in greenhouse gas. The study of this paper is to use quantitative risk assessment (QRA) for this process route to determine the risk tolerance levels, it acceptability in methanol production region and comparing to the old process route which used synthesis of natural gases. With the help of process simulators HYSYS, it can provide precise information regarding the process route at any given time. ALOHA software is implanted in this case study to help in identify the safe zone and vulnerability mapping of each of the process route. Lastly, by comparing the tolerance levels between new and old process route, it can determine which is more preferable to implemented in industrial production.

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