Facility Risk Assessment and Risk Management in Offshore Oil & Gas Industry

This program is operational in Chevron Nigeria Limited and was introduced as a framework for integrating risk assessment within a risk management system. Also, the risk assessment program was developed to provide a process for rapid screening of risk in order to focus attention on risk levels that need to be eliminated or minimized. The article examines the principles and techniques of risk assessment and risk management, and it illustrates their applications. It also describes how these techniques are used to prioritize decisions in preparing an effective ranking of risks within Chevron Nigeria offshore facilities. Risk assessment flowcharts, hazard identification, and risk assessment checklist were generated as a rapid guide to evaluation of the level of risks and to decide which risks would need more detailed analysis. The hazard identification has the following parameters as areas of concern Viz.: - Hazardous substances, Mechanical, Radiation, Electrical, Work Environment and Work Activities Hazards. The risk assessment checklist includes details safe condition and working mechanism of Pumps, Instrumentation, Pressure vessel, Storage tanks, Fired heaters, Exchangers, Emergency Response Program, Facility Layout/Sitting etc. P. 111