Glossary
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Oil & Gas Drilling Glossary - IADCLexicon.org
A product or process of identifying physical features or operational attributes that renders an entity, asset, system, network, or geographic area susceptible or exposed to hazards.
Source: API RP 781 Security Plan Methodology for the Oil and Natural Gas Industries.1st Ed. September 2016. Global StandardsProduct or process of identifying physical features or operational attributes that renders an entity, asset, system, network, or geographic area susceptible or exposed to hazards.
Source:API STANDARD 780, Security Risk Assessment Methodology for the Petroleum and Petrochemical Industries, First Edition, May 2013. Global Standards
Degree to which a calculated, estimated, or observed value may deviate from the true value.
Source:API STANDARD 780, Security Risk Assessment Methodology for the Petroleum and Petrochemical Industries, First Edition, May 2013. Global StandardsLevel of risk at which, given costs and benefits associated with further risk reduction measures, action is deemed to be warranted at a given point in time.
Source:API STANDARD 780, Security Risk Assessment Methodology for the Petroleum and Petrochemical Industries, First Edition, May 2013. Global StandardsSet of methods, principles, or rules used to identify and assess risks and to form priorities, develop courses of action, and inform decision making.
Source:API STANDARD 780, Security Risk Assessment Methodology for the Petroleum and Petrochemical Industries, First Edition, May 2013. Global StandardsEffect that is an immediate result of an event, incident, or occurrence.
Source:API STANDARD 780, Security Risk Assessment Methodology for the Petroleum and Petrochemical Industries, First Edition, May 2013. Global StandardsProduct or process of systematically identifying, evaluating, and prioritizing based on the importance of an impact to mission(s), function(s), or continuity of operations.
Source:API STANDARD 780, Security Risk Assessment Methodology for the Petroleum and Petrochemical Industries, First Edition, May 2013. Global StandardsImportance to a mission, function, or continuity of operations.
Source:API STANDARD 780, Security Risk Assessment Methodology for the Petroleum and Petrochemical Industries, First Edition, May 2013. Global StandardsAn action, measure, or device intended to reduce an identified risk.
Source:API STANDARD 780, Security Risk Assessment Methodology for the Petroleum and Petrochemical Industries, First Edition, May 2013. Global Standards