What is the difference between a hazard and risk?

You may have heard about hazard and risk all the time while you are working either in the office or in the field.

Do you really know what the differences between these two terms are?


 Is it easy question?  A lot of the time hazard and risk are freely used as a same thing however it is apparently not.  In oil and gas industry, these two terms are very vital to know and understand. Continue reading