Definition(s)
Undesirable Events
An event that results in a loss of an asset, whether it is a loss of capability, life, property, or equipment.
Source: API RP 781 Security Plan Methodology for the Oil and Natural Gas Industries.1st Ed. September 2016. Global Standards
Source:API STANDARD 780, Security Risk Assessment Methodology for the Petroleum and Petrochemical Industries, First Edition, May 2013. Global Standards