Risk analysis in the process industry

Lower tolerance for incidents and failure to manage risk
Safeti Onshore for Quantitaitve risk analysis (QRA)

Steadily lower tolerance for incidents

Although a zero risk process facility is not an option, we are seeing steadily lower tolerance for incidents and failure to manage risk. With inherently safer best-practice design principles in place, residual risk is minimized. Still, a level of risk remains and must be managed. By calculating the likelihood and consequence of undesirable events, the process industry can establish risk profiles of their facilities and focus efforts on strengthening the barriers in place to manage those risks. By simulating accidental events and analysing their impact, the process industry can understand and visualize the source of the risk and its effects on people, property and the environment.

Traditionally, the purpose of conducting a risk analysis has been to comply with regulatory requirements. This paradigm has evolved into risk-based design and risk-based operations. Quantification of risk forms a valuable basis on which to help determine where to focus avoidance, prevention and mitigation measures, given finite resources. DNV’s risk analysis tools have been adopted globally in the oil and gas, petrochemicals, chemicals, pharmaceutical, insurance, steel and other industries for the purpose of understanding and therefore managing risk.

Safeti - Quantitative risk analysis software

The industry standard QRA software package for quantitative risk analysis for onshore process, chemical and petrochemical facilities and pipelines

Safeti Lite

The quantitative risk assessment tools available in Safeti Lite software give you a direct approach to conducting basic QRAs

Safeti 3D Explosions - Explosion simulation software

Explosion simulation software for occupied buildings and land use planning

Safeti Leak Frequency Data - Leak frequency modelling software

Calculating leak frequency in process equipment such as valves and pipes

Woad - World Offshore Accident Database

Woad gives you access to oil and gas offshore accident data for diverse facility types

Chemical transportation safety and risk analysis software

Providing a holistic picture of risk using quantitative risk analysis and allowing ready identification of high-risk areas