Formalizing Pipeline Integrity With Risk Assessment Methods and Tools

The proper use of risk assessment / risk management principles and tools can help the pipeline operator maintain the flow of pipeline integrity data and the analysis of this data by responsible parties. By the use of an algorithm (series of relationships) the rules for performing a mathematical expression of risk can be established and the attributes identified. These measures may aid in the rational, prioritization of resources and identification of improvement opportunities. Operating companies do a good job of maintaining their pipelines, but the decision as to where to allot resources in some cases may be generally a reactive measure. Advances in Pipeline Risk Management Software and Pipeline Inspection tools now allow a proactive approach to Pipeline Integrity Maintenance. This paper explains some of the risk management tools available to pipeline companies.