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Understanding IEC 61511 and IEC 61508 Standards for the Process Industry

Estimated reading time:  6 minutes     Process Safety is defined as a disciplined framework for managing the integrity of operating systems and processes handling hazardous substances through application of design principles, engineering, and operating practices. It aids in the prevention and control of incidents that have the potential to release hazardous materials or energy. It…

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Integrating Human Factors into Design & Operations Risk Framework

Estimated reading time: 8 minutes     The business environment today is highly volatile, and organisations need to adapt to the latest trends in order to succeed. With rapid advancements in technology, the way organisations do business changes as well. Aggressive competition in in the industry adds continuous pressure for top organisations to change in…

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Estimated reading time: 6 minutes   The level of competition in the oil and gas industry has been increasing with time. The recent reports from the U.S. Bureau of Labour Statistics show the demand for industrial engineers in the coming decade grow at around 8% which is higher than the average of all job occupation…

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Incident Investigation Plant Oil and Gas

Estimated reading time: 4 minutes   All incidents, regardless of size or impact, need to be investigated. Whether it is a fatality, injury, illness or a close call, an effective incident investigation and report process helps employers understand what happened and why it happened. It presents an opportunity to identify operational hazards and shortcomings in…

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What is reservoir characterisation?

Estimated reading time: 5 minutes Robust reserves and simulation are achieved by the logical, systematic integration of all relevant data. A quality reservoir interpretation is extremely cost-effective compared with data acquisition or development mistakes and essential with today’s complex reservoirs and data sets. Proper integration replaces the need to run expensive, irrelevant logs, explains apparent…

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What Is A Day Work Contract

Estimated reading time: 7 minutes     The upstream or E&P segment of the international oil and gas industry, is in all probability, the riskiest in terms of capital intensity, long payback periods, technological dependence and a host of legal and environmental compliance requirements. It is commonplace for entities seeking hydrocarbon reserves to offset this…

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Managing International EPC Contracts for the Global Oil & Gas Industry

Estimated reading time: 5 minutes   When managing Engineering, Procurement and Construction (EPC) contracts, it is important to be able to negotiate effectively through taking measurable steps to improve your negotiating position to have the upper hand. Especially for EPC contracts, where projects are complex and huge in scale, achieving optimal results requires a well-prepared comprehensive…

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Human Factors into Design & Operations Risk Framework

Estimated reading time: 6 minutes   Human factors play a significant role in major accident causation, with several major oil and gas accidents being attributed to human causes. The US Chemical Safety Board (CSB) has identified human factors as one of the major factors that has led to disastrous accidents in the oil and gas…

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4 Tips to Managing Successful Joint Ventures

Estimated reading time: 6 minutes     Due to increasing project complexity and customer demands, it is now commonplace for organisations to form alliances across industries. Organisations are moving towards joint ventures to tap on the partner’s strengths and diversify at a much lower risk. Joint ventures provide an entry point into strategic markets, making…

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HAZOP Study

Estimated reading time: 5 minutes   What is HAZOP? A Hazard and Operability (HAZOP) study is a structured and systematic risk management technique for existing process or operation. It is used to identify and evaluate risks to personnel or equipment. HAZOP is often used as a technique for identifying potential design and engineering issues that…

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