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API 581 Risk-Based Inspection Methodology

In this podcast, we explore API Recommended Practice 581, which provides a detailed Risk-Based Inspection (RBI) methodology for evaluating the probability and consequences of equipment failure in petroleum, petrochemical, and chemical facilities. API 581 builds on API 580 by offering quantitative risk assessment models to guide decision-making in inspection planning. We discuss risk ranking, damage mechanisms, and how RBI optimizes inspection intervals to enhance safety and reduce costs. If you're involved in asset integrity, reliability, or process safety, this episode will provide critical insights into data-driven inspection strategies. API 581 Risk-Based Inspection (RBI) Methodology Quantitative Risk Assessment Equipment Reliability Inspection Planning Asset Integrity Management Corrosion and Damage Mechanisms Process Safety Optimization Oil & Gas Risk Management Maintenance & Inspection Strategies #ProcessSafety #API581 #RiskBasedInspection #AssetIntegrity #QuantitativeRiskAssessment #CorrosionManagement #InspectionOptimization #OilAndGas #MaintenanceStrategies #IndustrialSafety #iLearna