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All Journal Business and Finance Journal
Nuswantoko, Duto
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Economics, Econometrics & Finance

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OPERATIONAL RISK ANALYSIS IN OFFSHORE PRODUCTION FACILITY (OPF): APPLICATION OF RISK FAILURE MODE AND EFFECT ANALYSIS Izza, Ayu Adista Nurul; Partiwi, Sri Gunani; Nuswantoko, Duto; Kurniawan, Ahmad Misfa
Jurnal Bisnis dan Keuangan Vol 10 No 2 (2025): Business and Finance Journal
Publisher : Universitas Nahdlatul Ulama Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33086/bfj.v10i2.7751

Abstract

Declining oil and gas production has created significant operational challenges, particularly unplanned shutdowns that reduce the availability of Offshore Production Facilities (OPF). This study applies the Risk Failure Mode and Effect Analysis (RFMEA) method to prioritize equipment failures causing production losses. Eleven critical risks were identified, with three major ones: PLC module fault, instrument regulator problem, and leak in tubing connection, which were classified as the highest priorities for mitigation.
Co-Authors Izza, Ayu Adista Nurul Kurniawan, Ahmad Misfa Sri Gunani Partiwi