A key function of storage terminals is to provide a critical buffer volume for the global supply network. Due to their large storage capacities, terminals have had large, albeit rare, losses from fires and explosions. Tank overfill events at Buncefield, Jaipur, and Caribbean Petroleum demonstrated the potential for rapid fire escalation with explosions being credible scenarios for these types of facilities. The ammonium nitrate explosions in Beirut and Texas City are also well-known examples of what can go wrong if materials are improperly stored and their risks not properly managed.
It is an operational reality that storage terminals routinely adapt to dynamic market conditions in a number of ways such as bringing out-of-service equipment back online, re-purposing storage capacity, or idling unused equipment. Terminals are responding to current market indicators via capital projects to support new sustainable energy mixes. As terminal operators adapt to these changes in capacity and stored material, it is vital that these changes are properly assessed using a robust risk management process.
BakerRisk has the quantitative and qualitative experience with respect to capital projects to provide a holistic approach to review terminal safety systems and identify gaps in existing processes and developing new processes. The BakerRisk Software Suite shares a common data platform so each analysis can support complementary studies ensuring your technical safety studies align, saving your organization time and money throughout the project lifecycle.
BakerRisk brings a holistic approach to your terminal risk management program:
Process Hazard Analysis (PHA)/HAZOP/LOPA
BakerRisk facilitators provide unparalleled industry experience and a unique, holistic approach to risk management during the PHA process.
Accident Investigations
BakerRisk has an esteemed reputation for integrity, earned from performing incident investigations objectively, scientifically, systematically and thoroughly for more than 30 years.
Insurance Risk Engineering
For over 30 years, BakerRisk’s experienced Risk Engineering professionals have defined the industry “gold” standard for performing property insurance risk assessment.
Fire and Gas Detection Mapping
Our methodology for placement of fire and gas detectors removes the guesswork by quantitative modeling of consequence and detector interaction in 3D space to optimize detector coverage.
Fire Hazard and Mitigation Analysis
A BakerRisk FHMA leverages the strength of qualitative and quantitative techniques to analyze fire hazards and available mitigations.
Consequence and Risk Analysis
From single scenario to facility-wide consequence and risk assessments, our studies provide the insight you need to help you manage your hazards and risks.