On safe offshore energy exploration in the Gulf of Eilat

Gulf of Eilat is rich with energy resources, however any industrial natural resource development requires additional safety, as local eco‐system has to be preserved. In contrast to bivariate reliability approaches, known to their accurate predictions of extreme response and load levels for two‐dimensional dynamic systems, this study suggests and validates novel structural reliability method, which is being appropriate method for high‐dimensional dynamic systems. Conventional reliability methods do not have an advantage of dealing easily with high‐dimensional nonlinear dynamic systems, especially with non‐linear cross‐correlations between different system components. Advocated approach does not have limitations on the system's number of degrees of freedom, and it can accurately assess dynamic system's failure risks. Main purpose of this study was to benchmark state‐of‐the‐art reliability methodology, while utilizing available dataset efficiently. Note that advocated approach is not limited to offshore engineering example, studied here, and it has wide range of potential engineering and design applications.