- Problem Definition
During Tie-in stage in two phase separators project the operation and construction team will stand to accomplish this activity with minimum Oil deferment to ensure that overall production target is met. Attitude is a state of mind, mental view or disposition with regard to a fact. Individual or group can make a choice of attitude to lean towards a particular desired response, behavior or outcome. Risk attitude is a chosen state of mind with regard to those uncertainties that could have a positive or negative effect on objectives, driven by perception. Attitude has an impact on executing the tie-in procedure from individuals or operation and construction teams.
- Identify the Feasible Alternative
There are three basic risk attitudes:
Table1 basic risk attitudes
- Development of the Outcome for Alternative
During preparation for the Tie-in a meeting conducted for all the teams field management to ensure that all the requirement in place. The following table summarizes the attitudes towards risk of oil deferment during tie-in of two phase separators project with existing facility.
Table 2 Attitudes towards risk of oil deferment during tie-in of two phase separators project with existing facility.
- Selection of Criteria
Graph 1 Spectrum of risk attitudes
The above graph allocates the risk attitudes spectrum which shows the range that each team reaction.
- Analysis and Comparison of the Alternative
A range of possible attitudes can be adopted towards the same situation, resulting in differing behaviors and leading to consequences.
Figure 1 Perception driven behaviors in project environments
- Selection of the Preferred Alternative
Chosen attitudes towards risk may differ depending on a range of different influences. Perception is a key drive of attitude as this determines how a particular situation is seen, and hence the chosen response considered to be appropriate.
- Performance Monitoring and the Post Evaluation of Result.
Management shall review and assess the team’s attitudes and advice the best for the business and work environment. However, the risk attitude is healthy if it is within the range but it can be controlled by having a proper HAZOP or workshop sessions.
- The Home of Managed Risk Attitude, retrieved on July 30, 2014 http://www.risk-attitude.com/definition.html
- John Hother / Proneta ltd; Hans van Dongen and Steve Braithwaite / Shell International Exploration and Production BV (2003). Quantifying Risks of Well Intervention, Oil Deferment and Loss of Reserves in Complex Smart Wells.
- Risk Management for Enterprises and Individuals, retrieved on July 30, 2014 http://catalog.flatworldknowledge.com/bookhub/reader/1?e=baranoff-ch01_s03