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.
There are some confusion between hazard and risk.
Hazard can be identified as anything that has potential to cause harm to people, environment, or properties.
Risk is a potential (likelihood and severity ) that hazard will cause harm or damage to people, environment, or properties.
For example, you plan to climb up the ladder so the ladder is a hazard. Climbing up the ladder and falling off is the risk for this task.
Additional example, if you travel by the helicopter to the rig. The helicopter is the hazard and flying the plan in a thunder storm and cashing is a risk. Last example, you use the hammer to do the job. The hammer is a hazard but using it and injure yourself is the risk.
Now you get an idea about hazard and risk.
Then the question is how to assess it. We will demonstrate you a simple way to illustrate how to assess it.First, we assess how likelihood someone will expose to it. The likelihood depends on probability and frequency of exposure to a hazard. We also assess the likely outcome, the severity or range of potential consequences resulting from the hazard.
For example, if we have a snake contained in a closed box, rating the hazard of the snake against the possibility and severity scale will show that the harm to a human life is small. However, if the snake is outside of the box, the possibility and severity change so for this case the snake will be likely danger human life.
Note: we will go through the detailed risk assessment processes later.