Measures for Risk Mitigation in Petroleum Activities

16:19, 11/07/2024

Recently, Circular 40/2018/TT-BCT was issued by the Ministry of Industry and Trade, stipulating the development and content of safety management documents in petroleum activities.

To be specific, Circular 40 introduces the following risk mitigation measures in petroleum operations:

- Measures to reduce the frequency of accidents and incidents.- Measures to mitigate consequences:- Related to the design, load-bearing capacity, and passive fire resistance of the structure.- Related to safety systems, support systems, and active fire protection systems.- Related to backup equipment systems and organizational systems in emergency situations.- Other measures.

Note: The level of risk after applying mitigation measures must meet the acceptable risk level.

See more regulations on risk assessment at Circular 40/2018/TT-BCT, effective from December 14, 2018.

- Thanh Lam -

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