One of the knock-on effects of the rising energy demand is a push to extend the life of already ageing installations across the major hazard industries, notably in the oil, gas & chemical and nuclear power sectors.
Major Accident Events (MAEs) are low frequency, high consequence events typified by accidents such as Deepwater Horizon, Fukushima and Texas City. Significant efforts are made by operators to prevent and mitigate these events. But how well do we communicate what these events might be and how we would manage them?
The term 'Stress Testing' has featured in the headlines over the past few years as authorities respond to the worldwide banking crisis and, more recently, the Fukushima nuclear power plant incident. Banks or operators of nuclear facilities have been required, or encouraged, to undertake 'Stress Tests' to assess the ability of their organisation to withstand extreme conditions.