There are many safety issues related to building and operating a Floating Production, Storage and Offloading unit (FPSO). The paper presents how risk assessments and risk analyses tools were actively used in the design of the Asgard FPSO on the Norwegian Continental Shelf.

The paper covers:

  • risk management issues

  • risk analyses as design tools

  • risk factors and elements related to design

  • safety issues related to operation

  • experience from 10 years of operation

The presentation is general in nature, but the Asgard FPSO is used as the main example. The paper reviews the most relevant and important issues related to safety of FPSOs, and summarize experiences in relation to what design and operational requirements that should be pursued in order to avoid major accidents.

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