BOP risk model

Lloyds Register Energy - Drilling

The blowout preventer is a critical piece of safety equipment. It is made up of

integrated and interdependent systems and components, designed to cope with
extreme pressures to prevent catastrophic blowouts from occurring during drilling.

When a BOP component does fail, it is challenging to objectively assess the risk and
determine whether to continue with drilling operations.
When a failure is detected on the BOP
stack, the industrys typical response is to
analyze the possible consequences and
perform a risk assessment to define the risk
levels.
These risk assessments aid stakeholders,
including regulators, in the decision-
making process once a failure has occurred.
They identify whether the components
failure represents an unacceptable increase
in risk levels, requiring its immediate repair;
or whether risk levels have not increased
to the point that is unacceptable for
continuing operations.
These risk assessments and consequent
discussions typically require several days to
complete, which can cost a company
millions of dollars in NPT.
The BOP risk model
Experts from Lloyds Register Energy -
Drilling and Lloyds Register Consulting
have worked with leading drilling and
operating companies to improve current
methods of modeling the performance
and assessing the risks related to the
industrys most safety-critical piece of
equipment, the blowout preventer.
The BOP risk model significantly improves
the current process of assessing risk during
operations.
The BOP risk model is unique in that the
risk assessments used to populate the data
for the model are performed in advance by
a team of BOP operational experts with the
required documentation and drawings at
their disposal.
The BOP risk model also cuts costly NPT by
delivering objective information to assist in
making the decision to pull or not to pull
the BOP in a matter of hours.
Easy to understand output
The BOP risk model features a color-coded
display that indicates the current operating
status of the BOP as a whole.
Proven technology
The BOP risk model is derived from
Lloyds Register Consultings proprietary
RiskSpectrum software, which is currently
used in 50 percent of the worlds nuclear
power plants and in offshore oil and gas
platforms.
Customized to your BOP stack
Our team of BOP operational experts work
with your BOPs technical drawings to
map customized fault trees detailing the
different systems and components found in
your BOP.

Working together
for a safer world
E.
Benefits of the BOP risk model Why Lloyds Register
The BOP risk model assesses risk in
an unbiased fashion and uses local Energy?
regulations, specifications and operational
procedures to accomplish this successfully. Lloyds Register Energy is a world-leading
independent risk management organization
The BOP risk model: working to improve our clients quality,
features an operator interface that is safety, environmental and business
easily navigable performance. In choosing Lloyds Register
does not require experience in risk Energy, you are assured of a service which
analysis or fault tree modeling provides:
renders accurate, logical information
turns days of NPT into hours, potentially p ractical experience and expertise in all
saving the operator millions of dollars aspects of the strategic and operational
provides transparency to stakeholders management of safety, reliability,
and regulatory bodies business and project risk
provides information to determine the access to multi-disciplinary teams
pull or not to pull status quickly with competence across all aspects of
limits risk to personnel, assets and the design, construction, risk management,
environment monitoring and inspection
gives consistent, objective information a tailored and cost-effective solution
records history of failed and restored focused on your concerns and enhancing
components to assist pull, no-pull your project, drawing on our long
decisions experience and combined services

Related Services

Construction oversight

Drilling equipment training

Engineering consulting

Regulatory compliance and verification

Risk assessments

Rig surveys

Sensor applications on marine riser tensioners

The BOP risk model uses a red-orange-yellow-green color system to

quickly identify systems and components affected by a failure.

Explore all the ways we can help your drilling operations at:
www.lr.org/drilling or contact us at drilling.info@lr.org
ModuSpec and WEST Engineering Services are now Lloyds Register Energy Drilling

www.lr.org/drilling
January 2014
Lloyds Register and variants of it are trading names of Lloyds Register Group Limited, its subsidiaries and affiliates.
Copyright Lloyds Register Group Services Limited. [2014] A member of the Lloyds Register group.