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Risk Assessment as Applied to Integrity Management Colonial Pipeline Company

Learn about the application of risk assessment in integrity management through the case study of Colonial Pipeline Company. Explore the program history, risk assessment model development, segmentation and high consequence areas, and future prospects.

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Risk Assessment as Applied to Integrity Management Colonial Pipeline Company

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  1. Risk Assessment as Applied to Integrity ManagementColonial Pipeline Company John Godfrey System Integrity Leader August 8, 2001

  2. Colonial System Map • 5,500 miles of pipeline • 12 origination points • 267 terminals served • 15 tank farms

  3. Program History • 1997 - System Integrity Program • 1998 - Risk Assessment Pilot Project • 2000 - Risk-Based Integrity Management Program • Adoption of Index-Based Assessment Model Based on the Work of W. K. Muhlbauer

  4. Risk Assessment Model Development • Pilot Project Extended to Full System in 1998 • Risk Assessment Team Formed • Algorithm Teams • Initial Data Collection • Focus on Mainlines and Stublines

  5. Index-Based Risk Assessment Model Relative Risk Score Leak Impact Factor Third Party Design Incorrect Operations Corrosion

  6. Risk Assessment Model Segmentation and High Consequence Areas... • Dynamic Segmentation Calculations • Further Segmentation Around HCAs • Weighting • System Wide Application

  7. High Consequence Areas are Integrated into Program

  8. How the Model is Used • Identify and Analyze Risk Drivers • Select and Prioritize Mitigation Projects • Establish a Common Performance Metric • Integrity Management Plan Development

  9. Risk Assessment within Integrity Management • Integrity Management Program • Evaluate HCAs of Highest Risk • Baseline Testing Schedule • Assess Results of testing • Re-inspection Plan Development • Performance Reporting

  10. The Future of Risk Assessment

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