Quantitative Risk Assessment for Crude Oil Pipelines

Risk Assessment is an extremely useful tool in providing a framework in which to identify the possible hazards and evaluate the risks associated with all crude oil pipelines. By using index method and multivariable analysis, a methodology of the threat and risk of crude oil pipelines to environment are presented. General concepts are introduced and explained in detail. Principles of the methodology, the specific equations, and data required to prepare a risk analysis for environmental risk and failure analysis are discussed and explained, and an example is presented to illustrate the method.