An agreement with DNV-GL authorizes them to conduct a hazard identification (HAZID) process for the Extraction oil and gas well sites.
This Agreement with DNV-GL authorizes them to conduct a hazard identification (HAZID) process for the Extraction oil and gas well sites. The purpose of a HAZID is to identify all reasonably possible sources of hazards and threats to a system and to determine where further risk analysis is warranted. HAZIDs enable the identification of threats in numerous areas such as operations, projects and finance. The HAZID method is often used in conceptual design work, and the intent is to use a structured approach to identify concerns and issues associated with the concept or system being reviewed. In a HAZID study, hazard checklists are generated, and each section or node of the study (i.e. system boundary) is considered against the hazard checklist. Where it is agreed that a threat exists in a particular area, the risk presented by the threat is considered, usually with the aid of a Risk Matrix, and all possible means of either eliminating the hazard or controlling the risk and/or the necessity for further study are noted in HAZID worksheets. Actions are assigned to ensure the mitigating control or further study is completed.