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Hazard Indentification, Risk Assessment and Control at Gas Inlet Area of Onshore Terminal

Author(s):

Yeshaswee Bijalwan , University of Petroleum & Energy Studies

Keywords:

Gas Inlet Area of Onshore Terminal, Hazard Identification

Abstract

‘Risk’ is the product of the probability that a specified undesired event will occur and the severity of the consequences of the event. To determine the ‘risk’ of a specific ‘hazardous event’ taking place therefore requires information on the likelihood of the event taking place and the severity of the adverse consequences that could be expected to follow from it. Risk is a term which combines the chance that a specified undesired event will occur and the severity of the consequences of the event. To determine the risk associated with a specific 'hazardous event', information is therefore required on the chance of the event taking place and the severity of the consequences that might be expected to follow from it. Risk is sometimes also defined as the product of probability and the severity of consequences. The Risk Assessment Matrix (RAM) is a tool designed to enable a consistent approach to qualitative risk assessment. It also establishes a common terminology to support communication about Risk throughout the Petroleum –E&P. To achieve this, the RAM shall be interpreted and used in accordance with certain fundamental principles: RAM assessment refers only to the analysis of specific risks to determine how to categorize them in RAM terms. A RAM assessment does not generate a decision about the action that should be taken in respect of any Risk or any financial or asset management issues. Consequently, a RAM assessment will always be only one step in a wider process of identification, control, mitigation or communication of Risk (HEMP-Hazards and Effects Management Process).

Other Details

Paper ID: IJSRDV3I90218
Published in: Volume : 3, Issue : 9
Publication Date: 01/12/2015
Page(s): 145-151

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