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Assessing the risk of an oil spill is a good way to focus your business on staying out of trouble in each of its operations while being well prepared to respond if the worst happens.
Why assess risk. Assessing the level of risk associated with any operation that poses a threat of an accidental release of hydrocarbons into the environment is an important step in being able to recognize ways in which the threat can be eliminated, managed or mitigated for that operation.
Define risk. For prevention, preparedness and response activities, risk can be defined as the probability of an incident occurring multiplied by the resulting negative impact or consequences.