During the stages of conception, designing, building, operating, and decommissioning in the petroleum industry, a quantitative risk analysis is a primary tool used to analyze the safety and risk management in an effort to control hazards and operate safely. The quantitative risk analysis can identify potential hazards, determine the likelihood of them occurring, and the consequences of the hazard should it arise.
 
Why Quantify Risk?
Your company needs to be reliable and safe in the competitive petroleum industry. The potential harm to employees, the environment, assets, reputation and the local community should be priority number one. 

How Do You Quantify Risk?
In most scenarios, the use of a HAZID can be applied. A HAZID can help identify the potential risks during installation or operation of your company's work. Often, a hazard can become a series of hazards as they break down into a plethora of hazards, also known as an event tree. That is, when one operation breaks down, the HAZID can pinpoint the likelihood of the consequential events that may happen. Not only can the HAZID determine what might happen next, the HAZID can also quantify the probability of the events to follow.

Planning for the Future
With the risk analysis tools in place, your company can easily plan for the future by identifying your risks and quantifying the likelihood of their occurrence. With proper risk management, your company can avoid unnecessary costs, downtime, and injury to workers. 

For more information on how Accupoint’s solutions can help you manage your risk assessment process, please contact us today. 

Companies handling potentially dangerous or sensitive materials, like chemical treatment plants and oil refinement corporations, put a premium on safety. Implementing safety protocols and verifying them during operations is essential. The following are a few safety management ideas and tools for cultivating a safety-oriented atmosphere.

1. Constant and Dedicated Safety Training
A workforce requires precipitous safety training reminders, no matter how much extensive training they have had in the past. This may seem like an obstacle to productivity; however, each worker having a comprehensive understanding of safety standards and protocols saves time and money in the long run. Conducting dedicated safety training courses helps employees realize their active roles in maintaining safe operational standards.

2. Use Safety Management Technology
Technology can play a vital role when it comes to increasing safety at places like oil processing plants where standards and process are strictly documented. Programs like the OpX Process Safety Management system helps by creating a safe working environment by operating intuitively to delegate critical tasks systematically to essential personnel. Any management software should easily scale, have a simplistic roll-out and implementation procedure and reduce the need for burdensome training. With this software, you can address and eliminate compliance gaps as they are discovered.

3. Develop an effective Safety Program
Every processing or refinement plant should have in place or be developing, a safety and health program with policies, a budget, and procedures tailored to their location. This shows an appreciation for the workforce and will help to ensure the security of your resources and their adherence to OSHA standards and guidelines, reinforcing your company’s bottom line. In fact, modeling your intra-company safety guidelines after strict governmental standards, while tailoring them to suit the dynamic of an oil processing firm better, will keep employees hard a work help to avoid daily hazards.

4. Be Active and Pro-active
Taking charge and actively applying safety protocols conveys the fact that you take safety management seriously. You should develop safety initiatives that require the participation of executives, you, and your bosses to take part.  Part of implementing your safety program must include the cultivation of a culture focused on safety, which can only be accomplished with the involvement of leadership. Work closely with the team utilizing training sessions, applying technology and work site analyses whenever possible.

To find out more about how Accupoint Software can help you reach a new standard in production and safety, contact us today.