Evaluating GREEN as a New Risk Reduction and Mitigation Strategy in the Petroleum Industry
Abstract
The Petroleum industry uses different risk mitigation strategies to mitigate potential failures within its facilities. Yet, these strategies could not prevent major accidents, on different scales, from occurring as they negatively impact the industry. The purpose of this paper is to evaluate Generated Risk Event Effect Neutralization (GREEN) as a new tool to select adequate risk mitigation strategy to prevent potential failures in petroleum industry. More than fifty major accidents in the industry underwent GREEN evaluation and compared with existing risk mitigation strategies used in to mitigate potential failures.
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Citation
AlKazimi, Mohammad A.; Altabbakh, Hanan; Grantham, Katie; Murray, Susan (2015). Evaluating GREEN as a New Risk Reduction and Mitigation Strategy in the Petroleum Industry. Mary Kay O'Connor Process Safety Center; Texas &M University. Libraries. Available electronically from https : / /hdl .handle .net /1969 .1 /193710.