Qualitative & Quantitative Analysis
Mitigating costly risks through thorough safety reviews
Marine and offshore owners and operators face all sorts of risk at sea, such as oil spills, fires, piracy or cyberattacks. Managing risk is critical for safeguarding company personnel, assets, security and the environment. When not done properly, the impact of risk on marine and offshore industries can be wide-scale and costly.
BV Solutions M&O’s global risk management team helps protect its clients by providing expert qualitative and quantitative analysis of their assets. Once we have identified where potential risks lie, we work with our clients to find solutions to ensure they have all their bases covered.
Providing unparalleled onsite expertise to our clients, no matter where they are around the globe
Offering the flexibility of remote workshops when in-person meetings are not possible
Using advanced quantitative analysis software to identify all risks and calculate potential consequences efficiently and thoroughly
Quantitative Risk Assessment (QRA)
In order to calculate the magnitude of a risk’s consequences, we conduct a full QRA. Using the BV Solutions M&O methodology, we then customize an offer based on clients’ needs. Through this process, we develop cost-effective measures for risk management programs related to asset layout, safety design and other areas for risk-reduction.
Within a QRA study, we use Consequence Modeling and Assessment software to analyze the consequences of hazardous product release. An example of this would be estimating the dispersion of gas, its interaction with an asset and the atmosphere and the estimated effects.
A Fire and Explosion Risk Assessment (FERA) identifies fire and explosion scenarios resulting from process and non-process failure. BV Solutions M&O uses a wide range of software modeling tools to assess the effects of these hazards on people, the asset and the environment.
Our Smoke and Gas Dispersion Analysis (SGDA) models major accident consequences, such as fires, explosions, toxic gas releases and hazardous spills. BV Solutions M&O has a wealth of tools at our disposal, from simpler models to sophisticated analysis using advanced software.