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API RP 581 Risk-Based Inspection Methodology – …

This document is intended solely for the internal use of Trinity Bridge, LLC and may not be reproduced or transmitted by any means without the express written consent of Trinity Bridge, LLC. All rights reserved. Copyright 2014, Trinity Bridge, LLC API RP 581 Risk-Based Inspection Methodology Documenting and Demonstrating the Thinning Probability of Failure Calculations, Third Edition (Revised) L. C. Kaley, Trinity Bridge, LLC Savannah, Georgia USA November, 2014 ABSTRACT A Joint Industry Project for Risk-Based Inspection (API RBI JIP) for the refining and petrochemical industry was initiated by the American Petroleum Institute in 1993. The project was conducted in three phases: 1) Methodology development Sponsor Group resulting in the publication of the Base Resource Document on Risk-Based Inspection in October 1996.

Page 4 of 42 3) Results for specific equipment studied could be significantly different from the base case equipment used due to different properties, specifically: a.) Component geometric shapes used a cylindrical shape equation (not applicable

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