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news_oilandgas_outlook2021

Abstract Modern Oil and Gas facilities are designed to meet an extensive array of government legislation and international standards and are subjected to a range of technical and operational safety reviews and analysis to identify and reduce failure risk. By taking such an approach, residual risks can be demonstrated to be As Low As Reasonably…

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Understanding risk is vital for sound and cost-effective decision making and for establishing a technical risk picture for the entire asset lifecycle. Risk assessment is the overall process of identifying and analysing risks, and evaluating how it might be modified to maintain appropriate levels of safety and to satisfy regulatory and corporate criteria. A Quantitative…

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ALARP is the acronym for “as low as reasonably practicable”. ALARP originated from the British health and safety system. It stems from the concept “reasonably practicable” which involves weighing a risk against the trouble, time and money needed to control it. It is a pivotal part of the general duties of the Health and Safety…

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