Key Risk Factors in Oil and Gas Operations
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Oil and gas operations are inherently high-risk due to their complex processes, hazardous materials, and challenging environments. From exploration to production, operators face risks such as equipment failure, process deviations, environmental hazards, and human error. Effective identification and management of these risks are critical to safeguarding personnel, assets, and the environment. Tools like HAZOP , HAZID , and risk assessments form the backbone of risk management strategies in the industry. This article delves into key risk factors in oil and gas operations and the importance of process safety management in mitigating these challenges. Read: What is Process Safety Management Process Hazards and Their Implications Process-related hazards represent a significant portion of risks in oil and gas operations. For instance, a small deviation in temperature or pressure during distillation can result in catastrophic equipment failure or product contamination. HAZOP studies ar...