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  • Risk Matrix

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    Amin Rois
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    The proposed risk matrix evaluates potential incidents across multiple impact categories on a scale of 1 to 6 based on the likelihood and severity of consequences. It assesses people, environment, assets, reputation, and legal impacts. Environmental impacts range from major effects requiring containment of over 500 barrels of oil to minimum impacts of less than 1 barrel. Asset impacts evaluate financial losses from over $100 million to under $100,000. The matrix provides a total risk rating to guide risk management priorities.

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    Risk Matrix

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    The proposed risk matrix evaluates potential incidents across multiple impact categories on a scale of 1 to 6 based on the likelihood and severity of consequences. It assesses people, environment, assets, reputation, and legal impacts. Environmental impacts range from major effects requiring containment of over 500 barrels of oil to minimum impacts of less than 1 barrel. Asset impacts evaluate financial losses from over $100 million to under $100,000. The matrix provides a total risk rating to guide risk management priorities.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    91 views1 page

    Risk Matrix

    Uploaded by

    Amin Rois
    The proposed risk matrix evaluates potential incidents across multiple impact categories on a scale of 1 to 6 based on the likelihood and severity of consequences. It assesses people, environment, assets, reputation, and legal impacts. Environmental impacts range from major effects requiring containment of over 500 barrels of oil to minimum impacts of less than 1 barrel. Asset impacts evaluate financial losses from over $100 million to under $100,000. The matrix provides a total risk rating to guide risk management priorities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    PROPOSEDPHEWMOINTEGRATEDRISKMATRIX

    PROBABILITY(LIKELIHOOD)
    HAZARDEFFECT(SEVERITY) Theconsequence is Theconsequence is Theconsequence is
    Theconsequence is Theconsequence is Theconsequence is
    almostimpossible moderatelyto almostcertainto
    Level tooccur
    unlikelytooccur
    occur
    likelytooccur
    occur
    definitelytooccur

    1
    2 3 4 5 6
    People Environment Asset(Cost) Reputation Legal Almost
    VeryLow Low Medium High VeryHigh
    impossible

    Majorimpacttothe
    environment,total Licenseto
    MajorLoss National 5
    >2Fatality Lossof
    US$100M impact
    operate
    Catastrophic 5 10 15 20 25 30
    Containment revoked
    (500bbls)

    Significantimpact Significant Significant


    totheenvironment, Loss Regional penalty 4
    12Fatality
    significantLoss US$10M impact from Major 4 8 12 16 20 24
    100 500bbls 100M regulator

    Permanent Moderateimpactto Moderate Moderate


    Disability, theenvironment, Loss Local penalty 3
    LostTime significantLoss US$1M impact from Moderate 3 6 9 12 15 18
    Injury 15 100bbls 10M regulator

    Restricted Slightimpacttothe
    MinorLoss Warning
    Work, environment,minor Internal 2
    Medical Loss
    US$100k
    impact
    from
    Minor 2 4 6 8 10 12
    1M regulator
    Treatment 1 15bbls

    Not
    Miminumimpactto Not
    Not significant
    FirstAid theenvironment, significant 1
    Injury notsignificantLoss Loss<US$
    significant reaction
    Slight 1 2 3 4 5 6
    impact from
    <1bbls 100k
    regulator

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