Risk Analysis of Thermal Operations

Oil production using thermal stimulation, such as in SAGD, is becoming more prevalent. To aid in the identification and quantification of the risks associated with the operation of a thermally-stimulated well, C-FER offers a quantified risk assessment.

In a Quantified Risk Assessment, the root causes of undesired events are identified, and the relative importance of such events are determined. The risk associated with any design scenario is quantified with:

Risk = Probability x Consequence

The risk can then be readily compared for the various scenarios, and key areas of concern can be highlighted.

Attached File: Risk Analysis of Thermal Operations