This study investigates the implementation of combining two risk assessment methods that was developed for two distinct types of assets: the Muhlbauer and El Reedy techniques. The Muhlbauer method was developed for pipeline assets, while the El Reedy method was developed for offshore jacket platform assets. Even though they were developed for different type of assets, both Muhlbauer and El Reedy method uses the same straight-forward semi-quantitative risk assessment framework. The implementation of combining the two method is done within a web-based asset integrity management system: Petro-AIMS environment. To demonstrate a real-world case application of the proposed method, the data from four offshore platforms that are connected to ∼70 km offshore subsea pipeline is investigated. By implementing the same Likelihood of Failure (LoF) and Consequence of Failure (CoF) assessment framework for two different asset type, it is shown that Petro-AIMS is projected to be a practical and effective tool to perform asset integrity management function.
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Pravi et al. (2024) studied this question.
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