World Pipelines - June 2015 - page 44

The
evolution of
pipeline
Mark Wright
and Ian Diggory,
MACAW
Engineering, UK,
and Borja Martinez
Perez and Ricardo
Almandoz, ROSEN
Integrity Solutions,
Germany,
describe
the transition from
historical semi-
quantitative risk
models to the
next generation of
quantitative risk
models.
R
isk analysis has been a critical
component of the integrity
management process for a number
of years. With the increasing
availability of geographic information
systems and quantitative inspection
technologies for pipeline networks,
there is now a growing expectation from
operators worldwide to access a more
quantitative approach to risk management.
The risk assessment process
Pipelines are recognised as one of the
safest methods of transporting hazardous
products but it must be appreciated that
throughout their service life they are
under constant threat from a variety of
hazards, such as corrosion and third party
damage. Risk assessment is therefore a
critical element in the pipeline integrity
management process.
RISK
MODELLING
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