Modeling the Risk of U.S. Offshore Oil & Gas Exploration-Well Drilling, Commercial Nuclear Plants, and Human Spaceflight

Nuclear power, offshore oil & gas exploration, and human spaceflight all have high consequence potential if something goes wrong. Each has had at least one major incident that pointed to a need for improved risk assessment. Careful risk analysis is very important for technologies having complexity, uncertainty, and high consequence potential. All rely on multiple barriers/controls/redundancy to minimize risk. NRC (Nuclear Regulatory Commission) has moved towards risk informed regulation with Probabilistic Risk Assessment (PRA) as a major input.