Define raise the risk Assessment Scope  Risk Criteria Study Paper

installment payments on your 1 . Determine the risk analysis scope & risk standards

2 . 1 ) 1 . Objective

The purpose of this step is to develop the framework for the chance assessment also to define risk criteria which will be used for analysis of very well integrity risks. The giveaways from this step are: risk assessment scope;

list of risk criteria.

installment payments on your 1 . 2 . Define risk assessment opportunity

The framework and range of this professional risk assessment should be described by the more general risk assessment step in Section 2 . 5 of [1]. The latter ought to assess risks to the capacity, injectivity and containment of candidate safe-keeping sites, exactly where well ethics represents an example of a risk to storage containment.

This task should involve:

defining the goals and objectives from the well sincerity risk assessment; defining obligations for and within the risk assessment procedure; defining the particular inclusions and exclusions;

defining the risk assessment with regards to time and site; defining the relationship between the risk assessment process and the overall development of the CO2 geological storage job; defining the chance assessment strategies;

identifying and specifying the decisions that contain to be produced prior to landmark M2;

2 . 1 ) 3. Understanding risk standards

Risk conditions for assessing the significance of well sincerity risks should be defined by the project designer. The risk standards should reflect the targets and framework for the danger assessment. Satisfactory consideration needs to be given to time and assets available, stakeholder views and risk awareness, and the suitable legal and regulatory requirements. The risk criteria chosen ought to be continuously analyzed.

Just before specifying risk criteria, the categories for which risks will probably be evaluated will be defined. These include: human into the safety;

environmental protection;

legal and corporate compliance;

cost;

project schedule;

reputation;

well ethics (functional)...

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