Risk Assessment and Mitigation

Understanding the risks involved in a CCUS project and being prepared to mitigate any issue or action that may affect the project, the oilfield activities, or the longterm storage of CO2 is an important aspect of our Phase II activities. The Risk group conducts a number of activities. Each year the entire SWP team takes part in a risk assessment workshop, where risks that have been previously identified are ranked as to their likelihood and seriousness. Risk evaluation is an iterative task. New risks are added to the registry when they are identified, and response/mitigation is discussed as part of this workshop.