Avoiding the invisible dangers with a smart approach to pipeline risk-based management

Infrastructures like oil and gas pipelines help to move resources across great distances. But without an adequate system, they face a wide range of risks—from corrosion and unpredictable third-party excavation to environmental and operational threats. That’s where the crucial factor becomes in conducting a comprehensive risk assessment of the pipelines.


At its most basic level, risk assessment of pipelines entails the identification, investigation, and assessment of potential risks to pipeline integrity. Operators depend on this proactive approach to decide when to schedule maintenance, when to make safety enhancements, and when to do contingency planning. Risk assessments enable companies to anticipate and prevent failures, rather than merely reacting to them.

Sophisticated equipment such as geographic information systems (GIS), in-line inspection tools and statistical simulation models are often part of pipeline risk assessment methodologies. These techs deliver exacting data and let safety risks be viewed in real-time so teams can ensure they're focusing on the aspects most at risk of failure.

Additionally, deploying the pipeline risk assessment approach is also in regulatory and safety compliance, which safeguards the public and the environment while preserving operations. In fact, in environments where time is money and the price of a mistake can be fatal, this is not a process you do as an option, but one you do as a necessity.

Whether in design or service, the cost to undertake pipeline risk assessment is the cost of putting safety, reliability, and sustainability first. In a world of increased demands on infrastructure and increased attention to public safety, the opportunity to quantitatively evaluate risk has never been more important to the future performance of the pipeline.

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