Our Risk Management Team uses in-house developed application as well as specialized software packages (some of them displayed here) to develop and evaluate.
Standard Operating Procedures
We provide a set of step-by-step instructions compiled by an organization to help workers carry out complex routine operations. SOPs aim to achieve efficiency, quality output and uniformity of performance, while reducing miscommunication and failure to comply with industry regulations.
Using “reasonably practicable” allows us to set goals for duty-holders, rather than being prescriptive. For high hazards, complex or novel situations, we build on good practice, using more formal decision making techniques, including cost-benefit analysis, to inform our judgement.
Failure Mode and Effects Analysis
An FMEA is often the first step of a system reliability study. It involves reviewing as many components, assemblies, and subsystems as possible to identify failure modes, and their causes and effects.
Vapor Cloud & Gas Dispersion
The correct specification of wind and weather conditions is essential to maintain model accuracy. It is essential to relate the weather conditions being modelled to actual conditions experienced in terms of temperatures, solar radiation etc in order to ensure that the model is relevant.
Fire and Explosion Risk Assessment
Establishes minimum standard for Safety Case , identifies key questions to determine if minimum standard is met, provides detailed guidance for assessors Offshore Division Fire and Explosion Strategy , defines relevant good practice. Covers: hazard identification, quantified risk assessment, risk evaluation and reduction, risk management and emergency arrangements.
Occupied Building Risk Assessment
Is the tool used to assess the risks to people located in buildings on site. The approach requires knowledge of the actual hazard impact on a specific building and of building performance (different types of building provide differing performance).
Quantitative Risk Assessment
Is a formal and systematic approach to estimating the likelihood and consequences of hazardous events, and expressing the results quantitatively as risk to people, the environment or your business. It also assesses the robustness and validity of quantitative results, by identifying critical assumptions and risk driving elements.
Reliability, Availability and Maintainability Study
Modeling assesses a production system’s capabilities, whether it is in operation or still in the design phase. The results from a RAM modeling will identify possible causes of production losses and can examine possible system alternatives. The RAM study is thus a tool for decision-making with help for costs versus benefits analysis.
Safety Critical Elements Study
Safety Critical Elements are the essential components which prevent or limit the effects of a major accident. The failure of an SCE could cause or contribute to a major accident. Typical examples could include: lifeboats, fire and gas detectors, deluge systems or emergency shutdown valves.
Simultaneous Operations Plan
SIMOPS are defined as performing two or more operations concurrently. These activities typically include, but are not limited to, the following:
– a vessel undertaking a non-routine operation within an installation’s 500m zone;
– subsea umbilicals, risers and flowlines operations;
– field developments with multi-vessel/contractor operations.
Basically, a hazard is the potential for harm or an adverse effect (for example, to people as health effects, to organizations as property or equipment losses, or to the environment).
Operational Hazard Evaluation
As part of start-up planning for a new plant or facility, an Operational Risk Assessment will identify risks to the new operation early enough to confirm strategy and put in place timely, cost-effective mitigation measures that will reduce risk in order to boost on-time readiness and lower long-term total cost of ownership.
Major Accident Hazard
Ensure that businesses take all necessary measures to prevent major accidents involving dangerous substances and limit the consequences to people and the environment of any major accidents which occur.