Identification of environmental loss indicators due to oil tanker failures

Abstract

Consequence of failure (COF) estimation is a vital part of risk assessment and is practiced in various industries. In pipeline integrity managing systems, the COF basically consist of people, asset, environmental and reputation loss. Environmental consequence assessment for offshore pipeline in Malaysia is considered very general due to negligence of local factors. Moreover, the expert judgment as an internal stakeholder is very simple in the assessment as it does not consider the impact on the external stakeholders. Thus, this paper aimed to identify the environmental loss indicators for offshore spillage from tanker worldwide. A comprehensive environmental loss are crucial to be identified as a part of enhancing the accuracy of operating pipeline risk assessment in Malaysia with the involvement of external stakeholders. Hence the operator can choose the best maintenance strategy with optimum cost by ensuring the pipeline integrity is not neglected.