Abu Dhabi - UAE
+603 2380 4560 SynergenOG Sdn Bhd
+65 861 84 148 Synergen Oil & Gas Pte. Ltd
+971 56 232 5400 SynergenOG
+62 2150 897100 PT. SynergenOG Indonesia
+44 1224 618460 Synergen Oil & Gas UK Limited
+673 233 9270 SynergenOG (B) Sdn. Bhd.
+91 9995457949 Synergen Energy LLP
Quantitative Risk Assessment (QRA)

Quantitative Risk Assessment (QRA)

QRAs are essential for analyzing and quantifying the level of risk within a facility, including production and processing facilities, pipelines, and storage facilities. The assessment calculates numerical representations of risk and considers various factors such as location-specific individual risk (LSIR), individual risk per annum (IRPA), and potential loss of life (PLL).

By benchmarking risks, identifying key risk drivers, and recommending risk reduction measures, QRAs enable companies to make informed decisions to enhance safety and mitigate potential hazards.

Benefits of QRA

By using QRAs, clients can achieve the following:

  1. Benchmark Risks: Evaluate risks against regulatory compliance levels, as low as reasonably practicable (ALARP) principles, or industry best practices.
  2. Identify Key Risk Drivers: Determine the primary factors contributing to the overall hazard risk.
  3. Determine Risk Reduction Measures: Provide clarity on which risk reduction measures should be considered or which ones would have the greatest impact.

SynergenOG - Customized QRA Approach for Clients

At SynergenOG, our QRAs are tailored to meet the specific needs of our clients. We ensure that risk levels are accurate and representative by utilizing a combination of specialized in-house software spreadsheets and commercial software, such as TNO RiskCurves, DNV PHAST/SAFETI or equivalent tools.

The Significance of Our QRA Services

QRA is the cornerstone of our safety assessments, providing precision and clarity in risk evaluation:

Numerical Risk Representation: QRAs calculate risk in the form of metrics such as Location Specific Individual Risk (LSIR), Individual Risk Per Annum (IRPA), and Potential Loss of Life (PLL).

Benchmarking and Compliance: We use QRAs to benchmark risks against regulatory compliance levels, As Low As Reasonably Practicable (ALARP) principles, or industry best practices.

Risk Reduction Insights: Our QRA assessment identifies key hazard risk drivers and provides clarity to clients on which risk reduction measures should be considered to have the most significant impact.

Looking to elevate your process’s safety through Quantitative Risk Assessment (QRA)?

Happy to Help !