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Finished The Difference Between Process Safety Time and SIF Response Time. Discover the key disparities between Process Safety Time and SIF Response Time in our insightful webinar. Gain a comprehensive understanding of these crucial concepts and learn how they influence industrial safety measures. WATCH REPLAY Link to the presentation: https://bit.ly/3XqEuXL Process safety is of paramount importance in industries where hazardous materials and operations are involved, and having a clear understanding of these concepts is essential for maintaining a safe and reliable operating environment. During this video, Neill Renton, a seasoned expert and the UK Country Manager at ORS Consulting, will guide you through an in-depth exploration of the differences between Process Safety Time and SIF Response Time. Neill brings a wealth of experience in process safety, having worked with numerous organizations across various sectors.

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ORS CONSULTING CONTACTS STOCKHOLM, SWEDEN Isabella Bergström +46 73 404 18 72 ibe@ors-consulting.com Gävlegatan 12B, 113 30 Stockholm, Sweden COMPANY REG NO. 559330-0949 ABERDEEN, UNITED KINGDOM Neill Renton | Country Manager T: +44 (0)1224-042882 M: +44 (0)7388-948667 nre@ors-consulting.com ​ Dario Pozza | Department Manager dpo@ors-consulting.com ​ Citibase Aberdeen Hill of Rubislaw, AB15 6BL Aberdeen, United Kingdom Registered in Scotland: SC541316 STAVANGER, NORWAY Rikard Davidsen rda@ors-consulting.com +47 91710199 Jåttåvågveien 7 4020 Stavanger, Norway COMPANY REG NO. 911738414 OSLO, NORWAY Morten Pettersen | Managing Director ( General Inquiries ) +47 97 73 17 80 mnp@ors-consulting.com Per Ståle Larsen | Country Manager +47 990 28 688 psl@ors-consulting.com G ulay Basova | Department Manager +47 46 82 56 32 gba@ors-consulting.com Lilleakerveien 4A, 0283 Oslo, Norway COMPANY REG NO. 911738414 MALMÖ, SWEDEN Katarina Linde +46 73 62 53 705 kal@ors-consulting.com ​ Adelgatan 9 , 211 22 Malmö, Sweden COMPANY REG NO. 559330-0949 GOTHENBURG, SWEDEN Katarina Linde +46 73 62 53 705 kal@ors-consulting.com ​ Läraregatan 3, 14, 411 33 Göteborg, Sweden COMPANY REG NO. 559330-0949 ESBJERG, DENMARK Carsten Stegelmann +45 40 40 62 78 cts@ors-consulting.com Borgergade 66 ST TH, 6700 Esbjerg, Denmark COMPANY REG NO. 41765690 GLASGOW, UNITED KINGDOM Alessandro Capaldi T: +44 (0)1412-225930 aca@ors-consulting.com ​ 26 West Regent Street, Glasgow G2 2RQ IZMIR, TÜRKIYE Emrah Varol +905323160977 eva@ors-consulting.com ​ HALKAPINAR MAH. 1203/11 SK. NO: 5 -7 İÇ KAPI NO: 152 Megapol Carsi Kule Plaza KONAK/ İZMİR

SECTORS Oil and Gas Since 2009, ORS has been providing highly specialized advisory services to oil and gas industry. The company has built its reputation based on the offshore oil and gas industry in the North Sea region. Today, ORS supports the entire oil and gas / hydrocarbon value chain covering upstream- midstream and downstream areas. Some examples of project engagements Client: State-owned operator of European gas distribution pipeline systems, Norway Project: Production Assurance and RAM Analysis to secure high uptime availability for European gas supply Client: Leading Offshore Drilling Contractor, United States Project: System Reliability and FMECA Assessments for electrical and control systems in subsea Blowout Preventor (BOP) Client: Multinational Energy Company, United Kingdom, and Singapore Project: Process Safety, HAZOP and LOPA, SIL Verification and Safety Requirements Specification (SRS) for the basic- and detailed design of a new offshore field development project. Client: Offshore Oil and Gas Company, Israel Project: Fire and Gas Mapping and Validation Assessments for offshore oil platform in Israel Client: Offshore Oil and Gas Operator, Norway Project: Flare and Blowdown Studies for Norwegian Floating Production, Storage and Offloading (FPSO) Unit Client: Leading LNG FSRU (Floating Storage, Regasification Unit) operator, Norway Project: Multiple projects with process studies, simulations, and process safety support for FSRUs deployed around the world Client: Multinational Engineering, Procurement and Construction (EPC) Company, Norway, and United Kingdom ​ Project: Provision of technical safety, functional safety, process safety, Quantitative Risk Assessment (QRA) and RAM services for greenfield development projects Client: European Engineering and Technology Supplier, Finland Project: Provision of extensive support for technical safety, functional safety, process safety and process studies for LNG projects in Europe Client: US-based LNG Operator company, USA Project: Electrical HAZOP for the new LNG Liquefaction Plant in Louisiana, USA Client: Global Subsea Technology and Engineering Companies Project: Provision of risk assessments, SIL and technical safety support to >50 subsea development projects around the world available commercial tools: PHAST PHA-PRO Miriam RAM Bow-tie XP Aspen HYSYS Flaresim Symmetry Process Simulation CARA Fault Tree available NON-commercial tools: Onshore QRA Software for Risk Integration (ISO curves / F-N curves) Offshore QRA Software Consequence Modelling Hazardous Area Classification (ORS-HAC) Thermodynamic/Process Studies ​ ORS also has access to an extensive in-house data collection in addition to subscriptions to recognized national/international data sources. Find Out How We Can Work Together CONTACT US

SERVICES ​System Reliability and Availability Up Anchor 1 Reliability is a staple in most businesses. It is the probability that a component, part, system, or process performs correctly within a specified period. A reliable system is one that will function appropriately with a minimum need for maintenance or repair Most systems in facilities constitute interconnected components, with each component playing its role and helping to achieve a performance level. A system reliability assessment allows businesses to identify weaknesses of these components and quantify the impact of their failures on the overall system or process. ORS is a leading system reliability solutions provider. We are helping businesses and facilities with a wide range of services, including uptime and availability assessments, Fault Tree Modelling, among others. ​System Reliability and Availability Related Studies FMEA/FMECA FMEA (Failure Modes and Effect Analysis) and FMECA (Failure Modes Effects and Critical Analysis) are methodologies used to determine potential failure modes in a system and provide corrective measures for each failure mode. FMECA is similar to FMEA with regard to risk assessment and failure analysis. However, in addition to FMEA functionalities, FMECA ranks failure modes in order of severity. RAM Analysis RAM analysis is a method to define the production capacity and availability of a system to keep producing. This analysis involves a mapping of the different failure modes, frequencies, consequences, and their effect on production. RAM Analysis helps to reduce costs, debottleneck and provide input to spare parts and maintenance planning. Learn more > Production Assurance Production assurance describes the certainty of a facility achieving its production goals and meeting its intended end-results. End results may be customer expectations, the safety of a production process, or reduced production costs. Production assurance is particularly important within systems associated with oil and gas exploration and is introduced in ISO 20815:2008 standard. Fault Tree Modeling Fault Tree Modeling is a methodology used for conducting reliability analyses of complex systems. It involves creating a logical representation to model chains or pathways that can lead to failure or an undesirable loss event. It helps to keep systems safe and in desirable operating conditions. System Safety System safety is a risk management methodology that involves the identification and analysis of different hazards in a system, process, or facility. It also involves the provision of measures to eliminate or mitigate the effect of these risks. Among others, system safety is widely applied in the defence industry. Find Out How We Can Work Together CONTACT US ​Latest Insights Failure Mode, Effects and Criticality Analysis (FMECA) Bowtie Analysis - An Introductory Guide to the Methodology and How It Can Be Used in Industrial Risk Assessment Using concept stage HAZOPs as an opportunity to implement inherently safer design options. MORE INSIGHTS

Finished Webinar Barrier Management – Aquaculture in Exposed Areas Meet ORS Consulting and learn more about us, our services and take a dive into barrier management applied to aquaculture in exposed areas. In this lunch webinar Per Ståle Larsen from ORS Consulting will share lessons learned from risk and barrier management on fish farming concepts intended for operation in exposed areas WATCH REPLAY The webinar continues with a Q&A session held by Thomas Fylking and Morten Nilstad Pettersen to reply to all HAZOP-related questions.

SERVICES Reliability, Availability and Maintainability (RAM) Analysis Objective of RAM Analysis: Reliability, Availability, and Maintainability (RAM) are system design attributes that can have a substantial impact on the lifecycle cost and performance of an engineered system. The purpose of RAM Analysis is to ensure high production performance while maintaining high safety and quality level in any given industrial operation. The objective of the RAM analysis is to provide decision support towards i.e.: Predicted production performance and project economics; Key production loss contributors; Maintenance strategy and spare part philosophy; Alternative technical or operational solutions (sensitivity studies); Main uncertainties related to production performance; Recommendations for improved production performance. Methodology for RAM Studies: At its core, RAM studies entail representing a complex reality with a simplified model allowing for various types of analyses. Such a model can be used to predict performance and manage uncertainties. Results from the analyses should be used to give sound and unbiased decision support, as well as identify bottlenecks and main contributors to reduced performance and/or increased risk. 1.Establish study basis Identification of key assumptions and associated degrees of uncertainty is considered vital in order to effectively produce as realistic and accurate results as possible, and for giving input to sensitivity analyses that might be necessary to cater for uncertainties. The key assumptions will be documented in the RAM model study basis. Assumptions are typically categorized in technical, operational and analytical assumptions. Close cooperation with different disciplines in the project is necessary to ensure an understanding of the process and operation that results in a robust and realistic basis for the RAM model. Because of this, it is proposed to arrange for a work meeting or similar with relevant disciplines when establishing the RAM model study basis. 2.Required Input A good understanding of the system to be analysed is important for the RAM analysis to obtain as accurate results as possible. Typical client input for RAM analyses include: System description; System schematics; P&IDs; Operational Philosophy. In addition to the above, one of the main premises for performing a successful RAM analysis is the use of appropriate reliability data. Application of data from literature and databases should always be thoroughly evaluated, to validate their relevance for the context in question. Reliability data sources include client experience data, OREDA and the PDS handbook. ORS has access to a wide range of reliability data sources. A Failure Mode, Effect and Criticality Analysis (FMECA) if available is also a good input for the RAM analysis, especially for complex systems to give an accurate basis for system modelling. 3.Establish RAM model and run simulations The RAM model study basis is used to establish the RAM model, typically represented by reliability block diagrams (RBDs). The Monte Carlo method is normally used for the RAM model simulations to produce uncertainty ranges and confidence levels for the estimates. ORS uses the software Miriam RAM Studio for this purpose. 4.Analyse the results The results from the simulation are analysed and reported depending on the objective of the RAM study in the best way to create value to the client, ,with some examples shown below. Success rate probability distribution

Finished Safety Integrity Level. What is SIL and when it is required SIL (Safety Integrity Level) is a key concept in the field of Functional Safety. Watch the replay of this webinar to learn more about functional safety, SIL, and when they should be applied. What is SIL and when to use it .pptx Download PPTX • 4.01MB If you missed our recent SIL webinar, don't worry. We've created a PowerPoint file with all the questions and answers covered during the session. You can download it to catch up on what you missed. What is SIL and when to use it_Follow-up .pptx Download PPTX • 1.71MB WATCH REPLAY ​It is a metric used to measure the level of integrity to be achieved by Electric / Electronic / Programmable electronic safety functions used to prevent or mitigate hazardous events in multiple industries, such as oil & gas, pharmaceutical, nuclear, chemical, and many others, as defined in international standard IEC 61508, and industry-specific standards such as IEC 61511.

Finished Functional Safety Assessment- Operations: waste of time or value creation? How can your company get a greater value from conducting FSA Stage 4? What should you keep in mind for a smooth execution? What are the pitfalls to avoid? How do you avoid theoretical debates with no value creation? Join the webinar and learn more about our to-the-point approach for FSA Stage 4. WATCH REPLAY Functional Safety Assessments (FSA) typically include an in-depth assessment of all the activities, work processes, and documentation covering the applicable SIS Safety Lifecycles. In addition to extensive documentation review, interviews and site surveys are also usually a part of FSAs. Depending on how it is executed and by whom, FSAs can be a very theoretical, and time-consuming exercise or a value-adding, to-the-point assurance activity. It can cause a significant impact on the asset owner since the asset owner needs to demonstrate evidence that the IEC61508 & IEC 61511 requirements are fulfilled. Over the years, ORS has accumulated significant experience based on the performance of FSAs for early design-, detailed design-, commissioning & construction as well as operational phases of complex- and safety-critical assets. How can your company get a greater value from conducting FSA Stage 4? What should you keep in mind for smooth execution? What are the pitfalls to avoid? How do you avoid theoretical debates with no value creation? Join the webinar and learn more about our to-the-point approach for FSA Stage 4. Moderator: Per Ståle Larsen Speakers: Morten Nilstad Pettersen and Baris Arslan An access link to the webinar will be provided by email after sign-up.

ORS CONSULTING Events Below you can find information and recordings from previous webinars held by ORS Consulting. To widen your knowledge about technical risk, process safety, and risk management please also see our insights page , full of articles covering many topics. ​Introduction to Barrier and SECE Management Finished March 7, 2024 at 11:00:00 AM WATCH REPLAY Graduate Program 2024 Finished January 25, 2024 at 11:00:00 AM WATCH REPLAY Essentials for confident and effective HAZOP participation. Finished September 29, 2023 at 9:00:00 AM WATCH REPLAY The Difference Between Process Safety Time and SIF Response Time. Finished June 15, 2023 at 9:00:00 AM WATCH REPLAY FMEA, FMECA AND FMEDA: Understanding the key differences Finished April 14, 2023 at 9:00:00 AM WATCH REPLAY Safety Integrity Level. What is SIL and when it is required Finished March 2, 2023 at 10:00:00 AM WATCH REPLAY Functional Safety Assessment- Operations: waste of time or value creation? Finished April 1, 2022 at 8:00:00 AM WATCH REPLAY 5 essentials for understanding process HAZOPs Finished May 28, 2021 at 8:00:00 AM WATCH REPLAY Process Safety and SIL: 10 essentials they do not teach you in school Finished April 13, 2021 at 8:00:00 AM WATCH REPLAY Webinar Barrier Management – Aquaculture in Exposed Areas Finished February 12, 2021 at 9:00:00 AM WATCH REPLAY

Finished ​Introduction to Barrier and SECE Management Managing barriers and safety-critical elements (SECE) is crucial in preventing accidents and ensuring the safety of operations. However, the process of identifying hazards, analyzing barriers, and verifying their performance can be complex and challenging. WATCH REPLAY In this webinar, we will introduce the Barrier/SECE Management Framework, including Hazard identification, Barrier/Bowtie Analysis, barrier/safety strategy, and performance standards. We will also discuss the link/interface between SECE and CMMS and share our experience in constructing CMMS logic to manage barriers/SECE. Additionally, we will share our experience in verifying barriers in operation. Our presenters, Per Ståle, Katarina, and Terje, are experts in their fields and will share their insights and experiences with you. SUBSCRIBE TO RECEIVE OUR NEWS & INSIGHTS Enter your email here SUBSCRIBE I agree to ORS Consulting Privacy Policy View Privacy Policy Thanks for submitting!