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.
By using QRAs, clients can achieve the following:
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.
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.