Formal Safety Assessment (FSA) is a vital tool used to evaluate and quantify risks in industrial facilities, including production sites, pipelines, and storage facilities. It provides a systematic approach to identifying potential hazards, analyzing their consequences, and assessing their likelihood. QRAs generate detailed, numerical insights into risks, enabling organizations to take proactive steps to protect people, assets, and the environment.
Pinpoint potential risks from hazardous substances or processes.
Define credible scenarios for events such as leaks, explosions, or fires.
Assess the likelihood of these events using historical data and advanced modeling tools.
Combine likelihood and consequence data to calculate metrics like Location Specific Individual Risk (LSIR), Individual Risk Per Annum
(IRPA), and Potential Loss of Life (PLL).
Compare risks against regulatory requirements and industry standards, providing actionable risk reduction strategies.
At Storm Technical, we provide tailored FSA services to meet the unique needs of your facility:
Compare your facility’s risks against regulatory thresholds, ALARP standards, and industry best practices.
Analyze critical factors contributing to overall risk and recommend the most impactful risk reduction measures.
Provide actionable insights into measures that reduce risks effectively while ensuring operational efficiency.
Assist in regulatory compliance and safety report preparation.