Qualitative & quantitative analysis

Qualitative & quantitative analysis

During offshore operations, risk is characterized as a hazard’s probability or frequency, combined with the magnitude of its consequences. Managing risk during oil and gas operations and production is critical to ensure staff safety, avoid environmental disaster, and safeguard asset availability and business continuity. Qualitative and quantitative analyses enable asset owners and operators to develop the appropriate measures necessary to mitigate offshore-related risks.

Offshore units are constantly exposed to a variety of threats and hazards, including technical failure, erosion, rough seas, fire, explosion, oil spills, and cyberattacks. Preventing these threats from occurring—or reducing them to the lowest possible level – is the top priority. Asset owners must understand the risks they are facing and implement risk management procedures to meet regulatory and company compliance criteria.  

  • Our extensive expertise and experience working with all types of offshore assets offers to you the insight knowledge needed to develop cost-effective risk-reduction measures

  • Our dedicated global risk management team helps you  successfully evaluate calculated risks against relevant, industry-wide criteria

  • Our risk prevention methodology offers the tried-and-tested framework required to identify potential hazards and review offshore management processes
     

OUR OFFER

HAZID and HAZOP studies

Bureau Veritas Solutions Marine & Offshore conducts methodical, standardized reviews of offshore processes and facilities. Our experts help you identify risks that could potentially cause an incident, or compromise the safety of staff or equipment. We also emphasize prevention and mitigation frameworks to ensure your facility’s safety.

Qualitative Risk Assessment (QRA)

Bureau Veritas Solutions Marine & Offshore assesses overall offshore asset and operational risks. We use the QRA methodology to calculate the severity of risks identified during hazard and risk assessment studies. Using the QRA conclusions, our experts then develop cost-effective measures for your risk management program.

As Low As Reasonably Practicable (ALARP)

Bureau Veritas Solutions Marine & Offshore compares calculated risks to relevant risk criteria established by local licensing authorities, national regulations, corporate guidance, and well-established industry standards. We then recommend how to reduce your risks to ALARP level.

SIF and SECE

Bureau Veritas Solutions Marine & Offshore supports you in developing performance standards for managing risk. This is based on studies including SIF (Safety Instrumented Function) and SECE (Safety and Environmental Critical Element).

Contact

veristarinfo@bureauveritas.com

What is Bureau Veritas Solutions Marine & Offshore

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Bureau Veritas Solutions Marine & Offshore is the Technical Advisory, Asset Management and Assurance Solutions provider within our Marine & Offshore activities. These services shall be performed independently from Bureau Veritas Marine & Offshore regulated activities, such as classification and statutory certification.