Risk-Based Assessment of Offshore Crude Oil Pipelines and Condition Monitoring Systems

F AILURE OF LEAK DETECTION SYSTEM to detect hydrocarbon releases from an offshore pipeline can have devastating effects on operation and environment. Moreover, the failure consequences may bring about excessive financial losses and could threaten the survivability of the operating company in the market. This paper provides a risk-based assessment methodology to assess the reliability and the level of risk for offshore pipelines and their leak...