Risk Based Inspection on Gas Processing Plant

• Main Author: Mohd Yunus, Mohd Zulfadli
• Format: Final Year Project
• Language: English
• Published: Universiti Teknologi PETRONAS 2008
• Subjects: TJ Mechanical engineering and machinery
• Online Access: http://utpedia.utp.edu.my/10002/1/2008%20Bachelor%20-%20Risk%20Based%20Inspection%20Study%20On%20Gas%20Processing%20Plant.pdf; http://utpedia.utp.edu.my/10002/

This report describes a study of risk based inspection conducted on Gas Processing Plant focusing only on relief valves. The main purpose of this study is to fmd out whether risk based inspection is actually beneficial for conducting an inspection especially in terms of cost savings and risk management. The risk based inspection is a method of delivering and identifying highly risk equipment by calculating each risk level by means of optimizing the data collection. Risk is defmed as a combination of probability of failure and the consequences of failure of equipment. The major findings of this study are the determination of risk ranking of each equipment represented by risk matrix and the cost comparisons of inspection between applying RBI and not applying RBI. The result shows that RM 410000 can be saved if RBI methods were employed. These saving were achieved by systematically planning on how, where and when to inspect the relief valves