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IDENTIFICATION &
RISK ASSESSMENT
CLIENT: SPDC
CONTRACTOR: FOKAADOS
OUTLINE
• INTRODUCTION
• OBJECTIVE OF STUDY
• METHODOLOGY
• RESULT
• CONCLUSION
INTRODUCTION
Oil and gas industry, largest
sectors in the world in terms of
dollar value, ($3.3 trillion in
revenue annually) "
Global Biggest Industries by Revenue in 20
20
." Accessed Jan. 22, 2021.
FINANCIAL LOSS?
£2 billion (the equivalent
of US$ 5 billion today)
LOCATION??
Aberdeen in Scotland
DATE OF OCCURENCE??
06 July 1988 Piper Alpha Explosion
Determining control
Looking at past
measures to
incidents and near
overcome these
misses
hazards
METHODOLOGY
• Tool Used: ISO 31000:2009 – Risk Matrix
•
RESULTS
EXTREME
9%
EXTREME
HIGH
MEDIUM MEDIUM
44%
HIGH
47%
RESULTS
RESULTS
RESULTS
RESULTS
RESULTS
RESULTS
RESULTS
RESULTS
RESULTS
RESULTS
CONCLUSION
• The hazards associated with drilling involve the subsurface,
mechanical, and operational aspects that have economic,
environmental, and safety consequences.
• The effects of these hazards found in casing and cementing
have implications on the project completion, economic
performance, and professional reputation.
• Managing and mitigating the casing and cementing hazards
found is an important aspect of engineering and geological
projects.
• The management often requires advanced technologies and
predrilling surveys. When evaluating the success of drilling
projects, it is necessary to view them in terms of timely
completions, in a safe manner, using the available
technology while minimizing overall costs.