The application of OREDA (offshore reliability data) in developing valve criticality analysis criteria

In oil and gas processing plants, extensive networks of hundreds to thousands of valves are vital in controlling the entire process. However, not all valves have the same importance in process control. Therefore, identifying and prioritizing critical valves is essential for efficient and safe operation. Assessing the importance of valves requires a risk-based approach. However, quantifying the associated risks becomes challenging, especially when limited field data makes it difficult to model the probability of valve failure. One possible solution is to use Offshore Reliability Data (OREDA) as a valuable failure probability data source. OREDA provides valuable insight into historical failure and performance data related to oil and gas equipment such as valves. To go one step further, the new proposal presented in this paper includes implementing a modified OREDA approach that considers the cumulative operating time of the valve. By considering cumulative operating hours, a more comprehensive and accurate assessment of failure probability can be achieved, enabling more informed decision-making regarding valve criticality and prioritization of maintenance.