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Risk assessment of offshore crude oil pipeline failure

Citation

Aljaroudi, A and Khan, FI and Akinturk, A and Haddara, M and Thodi, P, Risk assessment of offshore crude oil pipeline failure, Journal of Loss Prevention in the Process Industries, 37 pp. 101-109. ISSN 0950-4230 (2015) [Refereed Article]

Copyright Statement

2015 Elsevier Ltd. All rights reserved.

DOI: doi:10.1016/j.jlp.2015.07.004

Abstract

Failure of Leak Detection System (LDS) to detect pipeline leakages or ruptures may result in drastic consequences that could lead to excessive financial losses. To minimize the occurrence of such failure, the functionality of the LDS and the integrity of the pipeline should be assessed on a priority basis. This paper presents an integrated risk-based assessment scheme to predict the failure and the failure consequences of offshore crude oil pipelines. To estimate risk, two important quantities have to be determined, the joint probability of failure of the pipeline and its LDS and the consequences of failure. Consequences incorporate the financial losses associated with environmental damage, oil spill cleanup and lost production. The assessment provides an estimate of the risk in monetary value and determines whether the estimated risk exceeds a predefined target risk. Moreover, the critical year for the asset can be determined. In essence, the outcome of the assessment facilitates an informed decision-making about the future of the asset.

Item Details

Item Type:Refereed Article
Keywords:leak detection systems, offshore pipelines,probability of failure, risk-based assessment, chemical detection, crude oil, decision making, leak detection, losses, offshore pipelines; Oil spills; Petroleum pipelines; Pipelines; Risk perception; Risks
Research Division:Engineering
Research Group:Interdisciplinary Engineering
Research Field:Risk Engineering (excl. Earthquake Engineering)
Objective Division:Energy
Objective Group:Mining and Extraction of Energy Resources
Objective Field:Oil and Gas Extraction
Author:Khan, FI (Professor Faisal Khan)
ID Code:120514
Year Published:2015
Web of Science® Times Cited:12
Deposited By:NC Maritime Engineering and Hydrodynamics
Deposited On:2017-08-28
Last Modified:2017-11-06
Downloads:0

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