Spotlight: Pipeline Risk Assessment

Quantitative Risk Analysis (QRA) can be used for pipelines to evaluate risk to populated and high consequence areas, assess pipeline emergency isolation philosophy, optimize pipeline inspection and testing program, and evaluate potential impact on safety and environment. We collate historical data and develop event statistics, analyze factors affecting oil-spill occurrence rates, spill sizes, and frequency distributions, provide Fault Tree and Event Tree Analyses, perform Monte Carlo simulation to generate life-of-asset oil-spill occurrence indicators, develop consequence and risk models, and provide professional consulting services.

We model relative importance of various causal factors with sensitivity analyses to evaluate spill sizes and frequency distributions. Our Pipeline Risk Assessment approach is geared towards targeting the high risk areas, determining most effective mitigation techniques, optimizing inspection intervals, and provide cost-effective solutions to allocate resources more effectively and reduce risk.

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