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OFFSHORE E-NEWS
October 2000

HOW RISK SERVICES WILL HELP DETERMINE
ROLE OF FPSOS IN GULF OF MEXICO

"This study represented a rare opportunity for engineers to provide meaningful and objective information to policy makers before a major policy is developed."
--Dr. Andrew J. Wolford
EQE Offshore Risk Manager
uantitative risk assessments (QRA) and formal safety studies remain essential
to offshore clients, especially to meet regulatory guidelines. In one very critical study, the US Minerals Management Services (MMS) engaged the Offshore Technology Research Center and EQE International to conduct a risk analysis to compare the risks of FPSOs with existing deepwater production systems currently operating in the GOM. The existing deepwater production systems considered in the study were TLPs, Spars, and fixed jacket platforms serving as both production facilities and transportation hubs for deepwater production. Risks were evaluated for each system over a 20-year operational life, beginning at first oil and ending with production shut-in. The risk analysis addressed personnel safety and environmental pollution.

Industry technical expertise and experience were critical in utilizing limited historical data to project future performance. In order to incorporate this information into the risk analysis, teams of technical experts were assembled for each study production system. Input from the technical experts was obtained through a series of workshops facilitated by EQE. "The study approach relied extensively upon industry expertise provided by Deepstar participants," said Dr. Andrew J. Wolford, EQE Offshore Risk Manager. "This process may well establish a precedent for cooperative risk assessment addressing fundamental regulatory issues pertaining to the US outer continental shelf. The workshop process provides a forum for both operator and owner to develop a common understanding and vocabulary of risk and jointly focus on the highest risk issues."

The results from this study will be used by the US government to develop a policy concerning the use of FPSOs in the GOM. "This study represented a rare opportunity for engineers to provide meaningful and objective information to policy makers before a major policy is developed," according to Wolford.


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