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Pieter van Asten presented this at Offshore Europe 2013. Lloyd's Register Energy - Drilling (formerly ModuSpec and WEST Engineering) have, together with Lloyd's Register Consulting (formerly Scandpower) developed a BOP Risk Model based on the popular RiskSpecturm, which is used on 50% of the world's nuclear power stations.
In this presentation, Pieter discusses how the BOP Model was developed and how, in the case of a failure, the Model can reduce days of non productive time (NPT) into hours.
For more informtation about the BOP RIsk Model, please visit www.lr.org/bopmodel