Day 4 Fri, March 25, 2016 2016
DOI: 10.4043/26817-ms
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Well Integrity Management - Application of Risk Assessment to Optimize Your Decisions

Abstract: Quantitative Risk Analysis (QRA) has been used to identify and manage risks in the Oil & Gas industry for decades. However, the important steps of well construction and well intervention operations have typically only been addressed using generic data, if even quantified at all. This data, which primarily is based on North Sea experience, may not be relevant for the specific well operations being evaluated. Further, using generic data does not provide a basis to identify relevant risks and support in ident… Show more

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Cited by 4 publications
(2 citation statements)
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“…Where, Li is the risk value of the risk factor i; pi is the probability of occurrence of the risk factor; Ci is the severity of the risk factor. The severity of wellbore integrity risk barrier unit failure is divided into 5 levels [9] . The specific classification results of risk severity levels are shown below.…”
Section: Risk Assessment Model For Wellbore Integrity Failurementioning
confidence: 99%
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“…Where, Li is the risk value of the risk factor i; pi is the probability of occurrence of the risk factor; Ci is the severity of the risk factor. The severity of wellbore integrity risk barrier unit failure is divided into 5 levels [9] . The specific classification results of risk severity levels are shown below.…”
Section: Risk Assessment Model For Wellbore Integrity Failurementioning
confidence: 99%
“…Table 2. Severity levels for different events [9] Number The wellbore integrity failure risk degree R [10] can be calculated according to equation :…”
Section: Risk Assessment Model For Wellbore Integrity Failurementioning
confidence: 99%