NeqSim Advanced Risk Framework
The NeqSim Risk Framework provides comprehensive operational risk analysis capabilities for oil and gas operations. This documentation covers the advanced features implemented across seven priority areas.
Overview
The risk framework integrates with NeqSim’s process simulation capabilities to provide:
- Dynamic Risk Simulation (P1) - Monte Carlo with transient modeling
- SIS/SIF Integration (P2) - Safety Instrumented Systems per IEC 61508/61511
- Real-time Digital Twin (P3) - Continuous monitoring interface
- Bow-Tie Diagram Generation (P4) - Visual barrier analysis
- Multi-Asset Portfolio Risk (P5) - Portfolio-level VaR analysis
- Condition-Based Reliability (P6) - Predictive maintenance integration
- ML/AI Integration (P7) - Machine learning interface
Package Structure
neqsim.process.safety.risk
├── dynamic/ # P1: Dynamic simulation with transients
├── sis/ # P2: Safety Instrumented Systems
├── realtime/ # P3: Real-time monitoring
├── bowtie/ # P4: Bow-tie diagram analysis
├── portfolio/ # P5: Multi-asset portfolio risk
├── condition/ # P6: Condition-based reliability
├── ml/ # P7: ML/AI integration
└── examples/ # Quick-start examples
Quick Start
import neqsim.process.safety.risk.dynamic.*;
import neqsim.process.safety.risk.sis.*;
import neqsim.process.safety.risk.realtime.*;
// Example: Dynamic simulation
DynamicRiskSimulator sim = new DynamicRiskSimulator("Platform Risk");
sim.setBaseProductionRate(100.0);
sim.addEquipment("Compressor", 8760, 72, 1.0);
DynamicRiskResult result = sim.runSimulation();
System.out.println("Expected production: " + result.getExpectedProduction());
For comprehensive examples, see:
Feature Documentation
P1: Dynamic Simulation Integration
P2: SIS/SIF Integration
P3: Real-time Digital Twin
See Real-time Monitoring Guide
P4: Bow-Tie Analysis
P5: Portfolio Risk
P6: Condition-Based Reliability
See Condition-Based Reliability Guide
P7: ML/AI Integration
Industry Standards
The framework implements or aligns with:
| Standard | Description | Package |
|---|---|---|
| IEC 61508 | Functional Safety | sis |
| IEC 61511 | Safety Instrumented Systems | sis |
| ISO 14224 | Equipment Reliability Data | condition |
| ISO 31000 | Risk Management | bowtie |
| NORSOK Z-013 | Risk & Emergency Preparedness | All |
| OREDA | Offshore Reliability Data | dynamic |