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Course summary developed by Michelle McIntyre on behalf of Oil and Gas Fundamentals Oil and Gas Fundamentals 2012
THIS IS A CONFIDENTIAL SUMMARY OF THE CONTENTS OF AN ONLINE TRAINING COURSE FOUND AT WWW.OILANDGASFUNDAMENTALS.COM.
IT IS FOR THE REVIEW OF COURSE PARTICIPANTS ONLY AND IS NOT FOR DISSEMINATION COPYRIGHT RESTRICTIONS APPLY
The Fundamentals of Asset Integrity Management
Online Training Series Course Summary
Risk recognition
Every company needs to set up a Risk Register which helps identify risks such as
financial risks, operational risks, strategic risks and compliance risks. As well as general
risks such as:
o The responsibility of the employer versus employees, contractors and third
parties the so called duty of care, needs to be identified.
o The legal conformity with regards to HSE, the compliance to regulations,
compliance to company policies and or branch standards and/or rules such as
meeting the requirements of the API standards.
Course summary developed by Michelle McIntyre on behalf of Oil and Gas Fundamentals Oil and Gas Fundamentals 2012
THIS IS A CONFIDENTIAL SUMMARY OF THE CONTENTS OF AN ONLINE TRAINING COURSE FOUND AT WWW.OILANDGASFUNDAMENTALS.COM.
IT IS FOR THE REVIEW OF COURSE PARTICIPANTS ONLY AND IS NOT FOR DISSEMINATION COPYRIGHT RESTRICTIONS APPLY
The Fundamentals of Asset Integrity Management
Online Training Series Course Summary
o Risks are not only seen in the perspective of HSE consequence, but also in the
broader business aspect for example what are the asset required performances in
relation with customer demands.
We will focus on the hazards of the assets related to the operations and the management
of the assets and the facilities. Specific causes for hazard realizations are:
o Asset and/or control system failures - the assets or its control systems for example
the fire protection system didnt work.
o Human failures - people can make mistakes and these mistakes contribute to the
realization of incidents.
o Unexpected releases of energy - Mechanical, chemical reaction and/or unstable
conditions. To not control the release of energy can lead to major incidents.
o Influences from other systems and/or external events - such as collision of a ship or
and explosion at another refinery in the vicinity close by.
o Environmental influences such as Fukushima on the 11th March 2011, where in
there was a major nuclear release that will have effects decades later.
o The Risk register can also be populated with other useful information such as in
which part(s) of the facilities are the hazards located within the installation e.g.
pressure vessels, cranes, storage.
We stated that we need to have a Risk Register - how can we identify these risks ensuring
that ALL risks are realized and identified? There are several ways to identify Risks:
Risk Checklists: checklists based on the experience that you have or the available
experience within your company or experience that you have had with previous
projects.
You can also get information from specialists and research sites and integrate these
into checklists. Besides this insurance companies can help you as well as you can use
your own network to provide information on risks.
Risk analysis on current or previous incidents and project evaluations are a good source
of this type of information. This type of return of experience has to be part of the Risk
Management approach. Another useful tool/instrument is benchmarking - this helps
you to collect risk info from other companies in your branch/field.
If you dont find good information because you are confounded with potential new
risks or you're implementing new projects, brainstorming or workshops helps to find or
determine new risks involving people from different departments with innovative new
insights so it helps to bring up new or unusual risks.
Course summary developed by Michelle McIntyre on behalf of Oil and Gas Fundamentals Oil and Gas Fundamentals 2012
THIS IS A CONFIDENTIAL SUMMARY OF THE CONTENTS OF AN ONLINE TRAINING COURSE FOUND AT WWW.OILANDGASFUNDAMENTALS.COM.
IT IS FOR THE REVIEW OF COURSE PARTICIPANTS ONLY AND IS NOT FOR DISSEMINATION COPYRIGHT RESTRICTIONS APPLY
The Fundamentals of Asset Integrity Management
Online Training Series Course Summary
Risk Analysis
After the identification of Risk and Hazards, we need to analyse these.
What is the associated risk with the hazard? The risk is the likelihood that the hazard
will actually cause an adverse effect or risk is the combination of likelihood and
consequence.
Several approaches are possible:
The first one being the Intuitive approach that everyone uses. For example when
crossing the road, we use our experience and intuition to know how to cross so as not
to get run over by a bus. And also in our daily business, employees are making
decisions daily based on a non-explicit risk analysis based on their experience.
Systematic approaches can be divided in to 2 main approaches - Qualitative and
Quantitative and the third one which is a mixture of both.
Risk analysis based on Qualitative judgments most of the times are executed in
Once the hazard is identified, we have to analyse the risk, what are the root causes of that
hazard leading to an incident.
What is the probability or likelihood that these root causes would lead to the hazards, its
adverse effects or the probability that an asset fails - negligible, low, medium or high?
Every day a failure or every 1000 years a failure and what is then the consequence of this
failure - that is if the hazard would have an adverse effect or a negligible effect.
The combination of both the probability and the consequence will categorize the risk - from
negligible/low risks, medium risks, high risks to extremely high risks.
The consequence on several domains. The important thing is that these domains need to
represent the business values such as:
Health, Safety and the Environmental and community,
Course summary developed by Michelle McIntyre on behalf of Oil and Gas Fundamentals Oil and Gas Fundamentals 2012
THIS IS A CONFIDENTIAL SUMMARY OF THE CONTENTS OF AN ONLINE TRAINING COURSE FOUND AT WWW.OILANDGASFUNDAMENTALS.COM.
IT IS FOR THE REVIEW OF COURSE PARTICIPANTS ONLY AND IS NOT FOR DISSEMINATION COPYRIGHT RESTRICTIONS APPLY
The Fundamentals of Asset Integrity Management
Online Training Series Course Summary
Financial
Legal and Compliance
Customer relations
Reputation and so forth
The Risk Matrix presents in a comprehensive manner the business values and risks. The weight
of the business values are so comparable with each other that the production loss of one
month has to have the equal safety value of a safety incident with no personal harm. For
example every decision to be taken can be checked against its added value with the help of the
risk matrix to ensure that decisions are in line of sight with the company's values.
Course summary developed by Michelle McIntyre on behalf of Oil and Gas Fundamentals Oil and Gas Fundamentals 2012
THIS IS A CONFIDENTIAL SUMMARY OF THE CONTENTS OF AN ONLINE TRAINING COURSE FOUND AT WWW.OILANDGASFUNDAMENTALS.COM.
IT IS FOR THE REVIEW OF COURSE PARTICIPANTS ONLY AND IS NOT FOR DISSEMINATION COPYRIGHT RESTRICTIONS APPLY