Offshore platforms have become lucrative in the oil and gas industries due to their capabilities, which are exposed to harsh environmental hazards that affect the Structural Integrity.The scope of this study represents a risk assessment strategy for evaluating the structural integrity and proposed a framework for the Risk-Based Underwater Inspection to implement Structural Integrity Management for a fixed offshore jacket platform.The jacket platform is adopted for the Non-linear Quasi-Static Analysis (Push-over) using relevant code criteria. Regarding the required site-specific meteorological and oceanographic parameters, wave is simulated using WAVEWATCH III, third-generation version 4.18, considered input data and uncertain parameters.The Long-Term Load Distribution parameters are localized to determine the Probability of Failure due to the extreme wave loading action, and the platform structural damage rate is obtained by referring to the latest available underwater inspection carried out in the understudied oilfield. Moreover, the platform's structural failure may lead to safety, environmental, and economic impacts, which are the essential factors for evaluating the Consequence of Failure.Finally, the risk level is estimated by ranking the Probability and Consequences of Failure in the risk matrix, and resulting from the risk analysis, the framework for the Risk-Based Underwater Inspection is carried out.