Title: Decision quality related to emergency shutdown system in the oil and gas industry: influences from data and information

Authors: Pengyu Zhu; Jayantha P. Liyanage; Rajesh Kumar; Sukhvir Singh Panesar

Addresses: University of Stavanger, 4021 Stavanger, Norway ' University of Stavanger, 4021 Stavanger, Norway ' University of Stavanger, 4021 Stavanger, Norway ' University of Stavanger, 4021 Stavanger, Norway

Abstract: In today's industrial contexts more and more datasets are collected and stored under various conditions, contributing to the growing challenge for identifying truly valuable data and information to improve decision quality, particularly in relation to safety related risk. From that perspective, this paper studies emergency shutdown (ESD) systems aiming at identifying how data and information affect decision quality around the ESD system, for the purpose of improving current maintenance and inspection practice. The study was performed in close collaboration with industrial partners. The paper elaborates on a novel approach challenging the traditional practice related to safety-critical systems in industrial assets. The framework developed can be adopted by asset operators, equipment suppliers, as well as technology and service providers who can capitalise on the unexplored potential of data and information in traditional decision regimes related to ESD systems.

Keywords: offshore oil and gas; ESD system; information value; data management; decision-making; asset management.

DOI: 10.1504/IJDSRM.2021.117568

International Journal of Decision Sciences, Risk and Management, 2021 Vol.10 No.1/2, pp.131 - 159

Received: 19 Feb 2021
Accepted: 02 Mar 2021
Published online: 13 Sep 2021 *

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