Building A Risk Model For Midstream Shale Gas Assets

摘要

Risk assessment programs are not a built-in, mandatory cost of doing business for the midstream sector. Any additional expenditure on risk and integrity management directly affects the profitability of operation. However, risk is not simply associated with a limited selection of asset types, environmental categories or commodities. Therefore, it is imperative for Access to have a tool to be selective of how risk and integrity management are applied. A model can certainly identify the riskiest assets and those with an unacceptable level of risk associated with ownership and operation. However, it is also possible for a company to over-resource a problem while other threats go unchecked if a complete view of risk is not taken. A broad-spectrum risk approach provides a decision-making tool that allows a company to achieve desired levels of efficiency.