Posts Tagged ‘risk analysis’
Petroleum Economics and Risk Analysis
Why Choose this Training Course Input from the tutor is combined with practical exercises to enable participants to understand and apply economic and risk analysis principles to E&P decision making. Examples will cover all stages of the field life cycle from exploration, through appraisal to development planning. The emphasis will be on how estimated volumes…
Read MoreHAZOP Studies: Advantages and Disadvantages of its Use
Average Reading time 7 minutes HAZOP, which stands for a Hazard and Operability Study, is a systematic way to identify possible hazards in a work process. With the use of this study, processes are broken down into steps, and variations in work parameters is scrutinised closely to see what could go wrong at each step…
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