Business and Finance Journal
Vol 10 No 2 (2025): Business and Finance Journal

OPERATIONAL RISK ANALYSIS IN OFFSHORE PRODUCTION FACILITY (OPF): APPLICATION OF RISK FAILURE MODE AND EFFECT ANALYSIS

Izza, Ayu Adista Nurul (Unknown)
Partiwi, Sri Gunani (Unknown)
Nuswantoko, Duto (Unknown)
Kurniawan, Ahmad Misfa (Unknown)

Article Info

Publish Date
31 Oct 2025

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.

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Journal Info
Business and Finance Journal
Website

Abbrev

BFJ

Publisher

Universitas Nahdlatul Ulama Surabaya

Subject

Economics, Econometrics & Finance

Description

Business and Finance Journal UNUSA (p-ISSN: 2527-4872; e-ISSN: 2477-493X) is a scientific peer-reviewed journal published by Faculty of Economics and Business, Universitas Nahdlatul Ulama Surabaya, Indonesia. Since Established in 2016, BFJ is intended Provide a medium for dissemination of original ...