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Peter Carr Consultants Ltd
provide state-of-the-art risk assessment services
to the oil and gas industry
Our risk assessment services cover
all the phases and components of an oil and/or gas project
Our risk assessments are performed by professional
engineers with solid and diversified
experience in the oil and gas business
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As hydrocarbon demand continues to rise, oil and gas companies
are forced to explore at increased water depths in harsher environments
and to handle fluids at higher pressures and temperatures. In turn,
offshore structures, flowlines, risers and pipelines are increasing
in complexity. Risk assessment plays an important part in achieving
optimized solutions.
Risk assessment can be qualitative or quantitative. In the latter
case, the assessment process is usually called risk analysis
or quantitative risk analysis (QRA). In oil and gas projects,
risks are usually quantified if sufficient information exists to
do so.
A quantified risk assessment involves the following key steps:
- Hazard identification (HAZID)
- Frequency analysis
- Consequence modelling
- Calculation of risks from frequencies and consequences
- Investigation of risk reducing measures
- Development of recommendations
A qualitative risk assessment follows the same key steps but frequencies,
consequences and risks are expressed using ordinary language rather
than mathematical measures.
In a complex project, the risk assessment cycle from HAZID through
to recommendations is performed repeatedly until it is demonstrated
that all hazards have been identified and all risks reduced to as
low as is reasonably practicable.
In design projects, it is vital that risk assessment proceeds in
step with the design activities. At the feasibility or concept selection
stage, the risk assessment should be high-level. By applying risk
assessment at this early stage, alternative concepts can be ranked
in terms of safety, operability and cost, so that the optimum solution
can be selected. In the later design phases, the risk assessment
is developed in line with design progression to provide constant
feedback to the design so that every aspect can be optimized.
Risk assessment techniques are applied not only to risks to people
and the environment but also to business risks. Risk assessment
is particularly helpful when there is a balance to be struck between
conflicting objectives, i.e. when the right solution is not immediately
obvious. As well as assisting the decision-making process, risk
assessment can also help demonstrate to third parties that correct
decisions have been made.
Our risk assessment tools include a comprehensive suite of in-house
models for calculating event frequencies and consequences for all
hazards normally encountered in the oil and gas industries. These
hazards include material and construction defects, environmental
loading effects (including earthquake and fault movement), third
party interferences, operating errors, fire and explosion etc. For
hydrocarbon leaks, we can perform modelling of release rates, dispersion,
toxicity, fires and explosions. We can analyse the effect of fire
and explosion upon structures and the consequences for personnel.
We can also model evacuation processes and systems.
We use models programmed variously in Mathcad, Mathematica, Delphi
and C++. General purpose analytical approaches include:
- failure modes, effects and criticality analysis (FMECA)
- fault tree analysis
- event tree analysis
- Monte Carlo simulation
We are also experienced in providing support to designers and constructers
through team-based activities such as HAZID, technical review and
HAZOP as well as through ad hoc safety studies and the provision
of day-to-day advice. We can supply Chairman and Secretary for team-based
studies.
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