Current study presents a state-of-the-art structural spatiotemporal multimodal risk assessment methodology, that is particularly well-suited for multimodal structural dynamics, either recorded physically or numerically simulated over a representative timelapse. Offshore Jacket-type offshore platform, operating in Bohai Bay waters had been selected for the method’s verification. This investigation had shown that, in the presence of in-situ environmental stressors, it is possible to appropriately estimate dynamic structural system’s failure and damage risks. High dimensionality of engineering dynamic structural systems, alomg with nonlinear nonstationary inter-correlations between critical structural components, often present challenges for contemporary reliability methods, mostly limited to univariate and bivariate systems. Operating Jacket platform, subjected to in situ wave loads, had been chosen for this case study to benchmark advocated risk evaluation methodology. Number of hotspot stresses had been selected to represent multivariate structural system. Advocated multimodal method had been proven to be suitable for robust assessment of operational failure/damage risks, as well as for accurate structural life projection. Novel non-parametric deconvolution extrapolation scheme had been employed, providing enhanced numerical stability. Given increased safety concerns within offshore, naval, marine engineering, advocated multimodal reliability methodology may be utilized for safer and economically more viable structural design.