Date(s) - Nov 08, 2023 - Nov 09, 2023
All Day MST
Hyatt Regency Houston West
Presenting, Sponsoring & Exhibiting
Dynamic Risk is pleased to participate in the International Pipeline Risk Management Forum, from November 8-9, 2023 as a presenter, event sponsor and exhibitor.
The International Pipeline Risk Management Forum stands as a pioneering event, dedicated to tackling topics tailored to the pipeline sector. The primary goal is to enhance the current standards of risk assessment (RA) and risk management (RM) by facilitating a platform for the exchange of ideas and technologies.
Dynamic Risk will deliver the following presentations:
Eduardo Munoz – Senior Pipeline Risk Engineer
Threat Interaction Factor Update and Optimization for the Gas Mega Rule Part 2 Compliance
Threat interaction has been generally modelled using Threat Interaction Factors (TIF), a concept introduced more than a decade ago. The factor is a correction that is added to the calculated probability of failure for a given threat to consider the interaction with another threat. The TIFs are determined from a review of the publicly available PHMSA incident database. Section 192.917 of the Gas Mega Rule Part 2 (RIN-2) requires the analysis of “the likelihood of failure due to each individual threat and each unique combination of threats that interact or simultaneously contribute to risk at a common location”. This requirement has been interpreted by some operators as the need to come up with a TIF for each possible threat combination. In preparation for RIN-2 compliance, the TIFs for natural gas transmission pipelines reported in PHMSA DTPH56-14-H-004 “Improving Models to Consider Complex Loadings, Operational Considerations, and Interactive Threats” were updated and further processed to achieve better resolution.
This presentation will also discuss why a limited number of threat interactions are meaningful.
Curtis Parker – Principal Consultant
Risk Analysis to Evaluate Benefits of Rupture Mitigation Valves
In the United States, the Pipeline and Hazardous Materials Safety Administration (PHMSA) published a final rule (effective October 5, 2022) that included updates to regulatory requirements for operators of gas transmission pipelines in 49 CFR § 192.935(c), to perform a risk analysis to determine if a RMV would be an efficient means of adding protection to a high-consequence area (HCA) in the event of a gas release. The rule also included a new regulation (§ 192.935(f)) which requires that these risk analyses be reviewed by the pipeline operator and annually certified by a senior executive of the company.
This presentation will review a recent RMV risk analysis conducted for a gas pipeline operator to evaluate the potential risk reduction with RMV compared to manually operated valves in the event of a hypothetical ignited gas pipeline rupture in an HCA. It will be shown how the risk analysis results can inform decision-making for prioritizing mitigative measures and support compliance with PHMSA regulatory requirements.
Dynamic Risk will be participating in the International Pipeline Risk Forum Exhibition.
Dynamic Risk is pleased to exhibit at The International Pipeline Risk Management Forum. Our solutions and software applications enable pipeline operators to make trusted, data-driven decisions to ensure safe and reliable operations, adherence to regulatory mandates, and protection of their capital investment. Our team of pipeline integrity SMEs will be on-site to showcase our latest technology-enabled solutions and applications.
If you have any questions or would like to be connected with one of our participating team members, please contact Tracey Murray at: firstname.lastname@example.org.