Nowadays there is a greater demand in the Oil & Gas Industry for production efficiency and sustainability while it is necessary to ensure the process safety and quality. As a guideline, this paper will start describing the existent hazards in a typical offshore unit, focusing mainly the personnel safety. Then it will detail the differences among the studies which can be performed in order to identify and assess such hazards and consequently to perform a complete Risk Assessment, which is the key step for a successful Risk Management. Additionally, it will be demonstrated the reasons why a Risk Management is necessary to ensure safety in an Oil & Gas installation in the most optimized manner.

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