Objective

• The objectives of this activity are:
• High level risk identification for transport network and associated compression and dehydration plant requirements. Pre-FEED study identifying and clearly ranking risks to projects such as operational, technical, and commercial

Major Deliverables

• Identify at a high level the overall project risks in terms of pipeline route selection and associated equipment development
• Undertake initial stakeholder engagement to develop scope of risk register requirements
• Identify key risks through the various stages of the project life cycle
• Identify the most suitable risk management structure to be implemented considering impacts to the risk register of key areas including:
  • Pipeline specification
  • Commercial liabilities for integration issues
  • Environmental permitting
  • Regulatory issues
  • Operational maintenance issues

Tasks

Specific tasks include the following:

• Development of initial study objectives and scope for the following:
  • HAZID study – To identify the hazards posed by the process and materials used within the process, and the effects on the external environment
  • Level 1 HAZOP study – To identify the likelihood of an incident occurring by failures, misuse or mal-operation of the process and to provide qualitative assessment of the risks
  • High level HAZCON study – To identify hazards likely to be encountered during the construction phase of the project and ensure appropriate mitigation
  • High level identification of pipeline project risks posed by route and pipe specification selection including regulatory requirements, operations and maintenance and capex considerations
  • Assessment of key project related risks across all phases of project cycle development
    • Development of HAZID scope to assess major project risks relating to the following areas:
      • Pipeline development considering scale, route and gas transported composition
      • Cross reference to pipeline route selection frame considering geography and issues with the public
      • Development of commercial risk analysis with regards to capital funding/opex requirements
      • Risk analysis for associated infrastructure for compression and dehydration equipment
      • Major regulatory compliance and environmental risks associated with project development
      • Development of initial risk register matrix of various stages of the project cycle to be taken forward to the evaluation stage
      • Ensure phase gate approach model to project to ensure appropriate risk mitigation and staged financial investment

Examples

• Guide on Project Risk Analysis and Management
• HSE Construction (Design and Management) regulations 2007
• International carbon capture and storage projects: overcoming legal barriers

Institute Knowledge Products

• Carbon Capture and Storage Regulatory Test Toolkit 
• http://www.co2captureproject.org/

Key Personnel

• Project Manager
• Health and Safety Manager
• Engineering Manager
• Major pipeline subcontractors
• Commercial Manager