Description: Pipeline operators are increasingly transitioning their pipeline risk assessment approaches to more objective, quantitative risk models that provide for improved decision making, better ability to manage risk levels to acceptability targets and ultimately, support their integrity programs to eliminate high impact events. Many operators have existing relative index-based risk ranking models that, although characterized as “qualitative” in terms of the risk output, utilize a significant amount of data that could also support a more quantitative expression of risk.
Date Published: May 17, 2022
Lead Author: Kevin Spencer, Director, Client Partnerships
Author: Dan Williams, P.Eng, Principal Consultant, Technical Services
Author: David Oliver, Team Lead, Asset Risk