Quantitative Risk Assessment (QRA)
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Assessment with capital A
Quantitative Risk Assessment (QRA) is compulsory in safety management of oil and gas, petroleum, chemical, thermal power industries and etc. Organizations conducting oil & gas activities shall prepare and submit QRA reports to the clients.
Methodology
The sequential steps used to conduct the SIL classifications are shown as follows:
- Collect and review data, information and documents
- Prepare risk assessment report
- Qualitative risk assessment: Perpare (or Update) HAZID Worksheet indicator & BOWTIE Workshop
- Quantitative risk assessment: includes following steps
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- Development of Rule Sets and Assumption Register
- Hazard Identification
- Major Accidents/Incidents (Scenarios Development)
- Frequency Estimation
- Consequence Modeling
- Fatality Estimation
- Risk Summation and Ranking
- Risk Assessment
- Submit the draft risk assessment report to client
Advantages
BEC have over 10 years of consulting experience in environment, health and safety, especially in oil, gas and petrochemical sectors.
BEC have completed a number of QRAs/BRAs project for global clients. The most recent of which is the Facility Siting / Consequence Modelling / Dispersion Analysis of a prominent refinery in the Middle East.