Risk management is a very important role in the operation of the business, it helps to prevent and minimize business loss, damage, adverse effects which may occur in the course of operations, besides that it helps ensure profit of business and sustainable development.

Risk Management

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Risk Management

Risk management is a very important role in the operation of the business, it helps to prevent and minimize business loss, damage, adverse effects which may occur in the course of operations, besides that it helps ensure profit of business and sustainable development. Risk management is an area of expertise which is focused in the industry and especially in the oil and gas industry. SEN company is the leading independent consultancy in Vietnam in oil and gas industry. SEN does not only provide clients with a comprehensive, integrated approach to the analysis but also the necessary solutions in the very early phase of a project. Our assessment reports, which are presented in a simple, clear and standardized format, can be used as good reference for your internal training to operational staff on hazard identification and risk management. Typical risk management consulting services of SEN are as following:

HAZARD IDENTIFICATION STUDY (HAZID)
Objectives

HAZID is a hazard identification and risk evaluation technique that is widely applied for:

The main objectives of a HAZID include the identification of:

  • Major accident events that may lead to serious and immediate risk to health and safety of personnel
  • The causes or initiating factors that will lead to the major accident events.
  • Existing safeguards that may include engineering or operational controls and measures already included in the design or work plan for prevention and mitigation of major accident events
  • Controls that are safety critical to major accident events, and
  • Additional risk reduction and/or mitigation measures where necessary, to demonstrate ALARP
Methodology

HAZIDs are systematic, multi-disciplinary reviews carried out to determine potential hazards that may arise during operation of a process design, or execution of a work project. The technique considers each review area, by reference to an agreed set of Guide Words. Depending on the facility or operation phase that the HAZID focus on, a particular set of Guide Words will be established and agreed by HAZID team prior to the study.

In Vietnam, SEN conducted HAZID studies for Song Doc A SDA-NH1P Well Intervention Project. Outside Vietnam, SEN conducted HAZID projects for Sisi Nubi - Indonesia Phase II Offshore Modification.