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REGULATORY COMPLIANCEBakerRisk has performed many studies in supportof regulatory submissions that satisfied theregulators through objective balancing of risksand costs.

PIPELINE RISKMANAGEMENT

BAKER ENGINEERINGAND RISKCONSULTANTS, INC. www.BakerRisk.com

MANAGING RISK

Effective pipeline risk management incorporatesboth the concepts of failure event frequency andthe potential consequences of that event.BakerRisks approach to pipeline risk assessment isto identify areas of priority at a high level andfocus on progressively greater levels of detail usingour detailed frequency models or sophisticatedconsequence analysis tools.

It is critical not to view pipeline risk managementsolely through the prism of corrosion protection,

emergency response, isolation philosophy, or anyother single perspective. BakerRisks experienced

staff can make a global assessment of a pipelineoperation with specific recommendations for

improvement.

BakerRisks highly experienced staff offers:

Risk analysts with an averageofover 20years experience

Specific experience leading safetyprogramsas employees of pipelineoperating companies

Multidisciplinary experience that enables

identification of the critical issuesassociated with pipeline design,operations and maintenance, and is nottied to a single aspect of pipelineperformance

PREDICTIVE TOOLS

Much effort has been spent by others indeveloping models to predict which segments

of a pipeline pose the greatest likelihood offailure. A careful review of these modelsindicates that they are inconsistent in manyrespects with the historical record.

For this reason and others, DOT has notapproved these methods as a sole means ofpipeline risk prioritization. BakerRisk hasprepared a white paper which discusses theessential elements of building a comprehensivereliability model for your pipeline. This paperis available upon request.

Our state-of-the-art SafeSite3GTM software models

the impact of failures, including dispersion, fireand explosion events. These models incorporatetheories developed at BakerRisk and otherfacilities, and include data from past incidents.

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