A RISK MANAGEMENT APPROACH FOR THE ROMANIAN OFFSHORE ACTIVITIES FOR THE EXPLORATION OF HYDROCARBONS

Abstract

Offshore economic activities are part of and deeply integrated into the worldwide economy, a fact that increase in the last decades with the present globalization. The success of the industry depends on the increasingly advanced technological development in this field, but also on maintaining the trust of many stakeholders, namely employees, suppliers, consumers, etc. It is obvious, however, that offshore operations are high-risk operations. These offshore activities include oil drilling, processing and supply, taking into account the fact that the fiscal growth / deficit index of a nation's economy is also controlled by the oil price. The present study will use a risk-based approach to exploration and production of hydrocarbons using a similar approach used in studies conducted for the European Commission. In this respect, sub-stages and processes were identified for each stage of economic activity. The approach to offshore operations was based on the assessment of 8 environmental aspects. So we used a risk assessment system, taking into account the consequences and probabilities of the occurrence of the risks. The evaluation was conducted using data collected from the offshore oil industry.