RISK ACCEPTANCE CRITERIA FOR TEMPORARY PHASES

The full life cycle approach to risk acceptance is proposed as the bas is for establishing of acceptance criteria for the temporary phases, i .e., onshore and offshore construction as well as installation. The ba ckground for such criteria is discussed, as well as evaluations that m ay be used to formulate risk acceptance criteria in the construction a nd installation phases. The criteria are focused on personnel safety. Environmental spill protection and protection of assets are also addre ssed, but less extensively. FAR or AIR values are used to express tole rable personnel safety, whereas the acceptability of exposure of the i nvestment is expressed in terms of acceptable probabilities of acciden ts with significant effect on the project time schedule, i.e., the pos sibility to delay significantly the start-up of the production phase. The approach is based on an ALARP principle.