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This paper describes the method and results of a probabilistic risk analysis that was used to provide a quantitative basis for a complex and high-stakes design decision for a subsea oil project. Geologic properties were specified as probability density functions based on information from a small number of exploration and appraisal wells. The geological information was coupled to a wellbore fluid dynamics...
Hurricanes Ivan, Katrina, and Rita passed through the Gulf of Mexico during 2004 and 2005 and resulted in the largest number of destroyed and damaged offshore oil and gas structures in the history of Gulf operations. In the final official government assessment, a total of 126 platforms were destroyed and over 183 structures were identified as having extensive damage. Production associated with wells...
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