Risk assessment on any facility is most efficiently done by first dividing the facility into components with unchanging risk characteristics. For a cross-country pipeline, this involves collecting data on all portions of the pipeline and its surroundings and then using this data to ‘dynamically segment’ the pipeline into segments of varying length. Risk algorithms are applied to each of the segments, producing risk estimates that truly reflect changing risks along the pipeline.
Facilities / tanks / pumps / compressors / appurtenances / etc, General, Modeling, Risk Assessment, Risk Assessment Methodologies