Insights

In this article: Life Extension (LE) of ageing assets Risk assessment study approach Step 1 - collection of operational and maintenance information Step 2 - workshop-based criticality assessment Step 3 - further evaluation Step 4 - establishing and concluding on the risk picture Conclusion Many facilities and equipment on the Norwegian Continental Shelf (NCS) oil and gas assets are approaching the end of their original design life. However, significant recoverable oil and gas

In this article: The concept of ALARP How is the ALARP principle implemented in practice? Benefits and challenges Practical Guidance Conclusion The concept of ALARP  The As Low As Reasonably Practicable (ALARP) or As Low As Reasonably Achievable (ALARA)  principle is a cornerstone of risk management and is a tool used to support decisions in the risk management process and illustrate risk tolerability. The principle means that a risk should be reduced to a level that is as lo

In this article: Definition and background Two or more operations in the same area Conducting SIMOPS as part of risk assessment...

In this article: How you can benefit from a Risk and Safety Roadmap The purpose of this Insight What is a Risk and Safety Roadmap assessment? How to perform a Risk and Safety Roadmap assessment Conclusion How you can benefit from a Risk and Safety Roadmap A common challenge for companies is to manage, navigate, and address risk and safety aspects of their products or services. This is particularly true for smaller companies and start-ups as risk management may not be one of t

Identification of key threats and implementing a framework for safeguarding the business is a fundamental part of business continuity...

ORS Consulting (ORS) uses risk as a central toolbox to prevent accidents and improve operational performance. We have been supporting...

In several offshore projects, mistakes and design errors can be traced back to missing or incorrect interface information. This will in...