A Quantitative Risk Assessment (QRA) is a formal and systematic risk analysis approach to quantifying the risks associated with the operation of an engineering process. A QRA is an essential tool to support the understanding of exposure of risk to employees, the environment, company assets and its reputation. QRA includes consideration of all identified hazardous events in order to quantify the overall risk levels. Similar hazardous events are often grouped and assessed together as bounding or representative event
Torrent gas pvt ltd. is setting up LNG storage & regasification (satellite) station along with LCNG dispensing facilities in Junagadh (Gujarat), which will make LCNG fueling system (Natural Gas)/ R-LNG (Regasified Liquefied Natural Gas) available in Junagadh and pave the path for clean energy in the form of PNG/CNG to various industrial as well as commercial consumers in the area.
Risk Assessment study for WRPL stations and its Pipelines included the following steps.
- To identify the hazards associated with a facility
- To determine the potential frequencies and consequences of the identified hazards
- To determine the system availability of the protection systems
- To quantify the risks associated with a facility (e.g. Risk Contours, Individual Risk Per Annum (IRPA), and F-N Plots)
- Risk Reduction measures.