Risk assessment of offshore crude oil pipeline failure

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DOIResolve DOI: http://doi.org/10.1016/j.jlp.2015.07.004
AuthorSearch for: ; Search for: ; Search for: ; Search for: ; Search for:
Journal titleJournal of Loss Prevention in the Process Industries
Pages101109; # of pages: 9
SubjectChemical detection; Crude oil; Leak detection; Offshore pipelines; Oil spills; Petroleum pipelines; Pipelines; Risk perception; Crude oil pipelines; Environmental damage; Joint probability; Leak detection systems; Pipeline leakage; Probability of failure; Risk-based assessments; Risk assessment
AbstractFailure 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.
Publication date
AffiliationNational Research Council Canada; Ocean, Coastal and River Engineering
Peer reviewedYes
NPARC number21277003
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Record identifiera4cea08b-778c-482e-9c77-3af66425b609
Record created2015-11-10
Record modified2016-05-09
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