A Comparative Analysis of Hazard Analysis Methods for Sustainable Energy Development

Abstract

This paper discusses the potential risks and dangers associated with the oil and gas industry. This industry is essential for meeting energy needs and generating foreign exchange income, but it also poses significant risks, such as accidents, fires, explosions, and environmental contamination. Neglected work and safety procedures can result in catastrophic economic losses and have far-reaching effects on society and the environment. The study describes three significant accidents in the industry that were caused by internal and external factors. In order to comprehend the causes of these incidents, this study suggests three risk analysis techniques: Failure Mode and Effect Analysis, Fault Tree Analysis, and Hazard and Operability Study. The paper asserts that by employing these methods, incident data can be obtained to enhance security and reduce the likelihood of future accidents. Overall, this study emphasizes the significance of safety measures, environmental management, and total quality management in the oil and gas industry in order to avoid fatal outcomes and environmental impacts.