Keynote Address : Risk Concepts For Optimal Hydrocarbon Production
Author(s)
O. T. Gudmestad
Abstract
In order to ensure optimal production from hydrocarbon reserves, it is necessary
to see to that risks in the production process are managed. This relate to limit the
probability for production standstill and to limit the consequences of a
production standstill.
We emphasise on the causes of a production stop which are technical and
which also relate to human behavior as well as sabotage and other unwanted
incidents. Further, we discuss the consequences of a production stop which could
be unexpected expenses and production delays caused by a need to perform
maintenance. Other consequences could be safety and environmental related and
could cause safety hazards and environmental damages.
In order to manage the risk, we point to the needs for risk analysis which
could be qualitative or quantitative. Thus, risks can be identified and risk
mitigation efforts can be identified and implemented.
We also discuss the benefits to an operating company and to the authorities of
implementing a risk based scheme for securing the optimum production from a
hydrocarbon province.
Throughout the paper we refer to management of seismic risk and mitigation
measures to manage the seismic risk by reducing the probability of severe
consequences associated with seismic events.
Keywords: risks, probability, consequences, QRA, international standards,
seismic events, risk mitigation.
Keywords
risks, probability, consequences, QRA, international standards,
seismic events, risk mitigation.
Related Book
Other papers in this volume
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