Achieving an engineering risk-cost balance

We study the risks associated with marine facilities and use our findings to advise on the best ways to mitigate for any potential consequences.

Unmanaged risk proves costly: to human life and the liveability of communities, a facility’s operating time, and the business bottom line.

Our experienced independent, impartial risk consultants continue to support project teams throughout the design phase.

Viewing risk as a potential cost in the oil and gas sector highlights the critical need for safe design and operations of facilities and processes. Identifying risk to personal safety, the environment, and the asset at the start of a detailed design stage allows engineering teams to implement design solutions early on when they are still relatively easy to achieve with minimal cost and schedule impact.

By applying proven risk management techniques, it is possible to reduce costs, notably at the early phases of the project life cycle. The knock-on effects of risk can result in severe consequences, which forms the Formal Safety Assessment and leads to the development of the facilities Safety Case.

We understand the critical drivers for risk and safety-related studies:

  • To ensure design achieves acceptable safety standards
  • To fulfil local regulatory requirements
  • To contribute to safety case preparation
  • To evaluate different design options

Process safety reviews

During design, it is essential to undertake preliminary risk and safety engineering workshops for oil and gas facilities to help identify and mitigate risks associated with design from an early stage.

The initial step in risk assessments is to efficiently determine the frequency and severity of hazards using a purely qualitative or semi-quantitative approach. We provide experienced facilitators and independent third-party participants for these workshops to assist in focusing design teams and triggering discussions ensuring early designs are questioned knowledgeably and effectively.

Risks that have been identified but cannot be mitigated to As Low as Reasonably Practicable (ALARP) are then tracked within a Hazard Register and carried forward for consequence assessment. These workshops are designed to equipped design teams with critical knowledge from the start to ensure safety is a priority and that a thorough evaluation of the project’s concepts are appropriately analysed and include:

We provide additional specialist support to the above, including:

Consequence assessments

After Major Accident Events (MAEs) are identified, Consequence Assessments are carried out to quantify the frequency and severity of these events.

During the Consequence Assessment phase of the Formal Safety Assessment or Safety Case, several quantitative analyses can be carried out to understand the consequences arising from the realisation of certain MAEs:

Projects