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