The risk assessment process can be used as a strategic planning tool to manage environmental risks in the oil industry. Risk assessment allows for evaluation of clean up levels at contaminated sites based on reducing human health risk to acceptable levels while selecting the most cost effective remedial approach. The use of this approach gives consistency to the management of environmental risks and allows the risk manager to allocate resources so that they will have the greatest impact on reducing risk to human health. This paper discusses the risk assessment process and uses two examples to show how it can be applied to solve environmental problems in the oil field.

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