Modern Risk Assessment for Pipelines and Facilities
Formal risk assessment has been a regulatory requirement on many US pipeline systems for over a decade now. New regulatory initiatives, as well as prudent asset stewardship, dictate that risk assessment extend to other facilities, including underground gas storage facilities.
On September 19 2017, G2-IS presented a Risk Webinar covering how pipeline companies have moved away from risk assessments based on index models to much more robust and useful risk assessments that can be efficiently applied to any asset, including cavern storage facilities.
This change is in response to both a desire to improve risk management and respond to PHMSA criticisms of past practice, including using index models that often have multiple weaknesses such as masking, lack of proper aggregation, averaged-out risk rankings, weighting factors, etc.
If you missed this opportunity to learn about increasing safety and reliability of your assets, don't worry. Enter your information below to access the recording.