Quantitative risk management in gas injection project: a case study from Oman oil and gas industry
نویسندگان
چکیده مقاله:
The purpose of this research was to study the recognition, application and quantification of the risks associated in managing projects. In this research, the management of risks in an oil and gas project is studied and implemented within a case company in Oman. In this study, at first, the qualitative data related to risks in the project were identified through field visits and extensive interviews. These data were then translated into numerical values based on the expert’s opinion. Further, the numerical data were used as an input to Monte Carlo simulation. RiskyProject Professional™ software was used to simulate the system based on the identified risks. The simulation result predicted a delay of about 2 years as a worse case with no chance of meeting the project’s on stream date. Also, it has predicted 8% chance of exceeding the total estimated budget. The result of numerical analysis from the proposed model is validated by comparing it with the result of qualitative analysis, which was obtained through discussion with various project managers of company.
منابع مشابه
Assessing Human Risk Factors in Oil and Gas Projects: Case of Pars Oil and Gas Company
The purpose of this study is to provide a comprehensive framework for analyzing risk factors in oil and gas projects. The proposed approach in this study consists of several parts: In the first part, 19 common potential risks in the projects of the Pars Oil and Gas Company were finalized by using Lavasheh Validation method in six groups; these factors were identified through review of previous ...
متن کاملAssessing Human Risk Factors in Oil and Gas Projects: Case of Pars Oil and Gas Company
The purpose of this study is to provide a comprehensive framework for analyzing risk factors in oil and gas projects. The proposed approach in this study consists of several parts: In the first part, 19 common potential risks in the projects of the Pars Oil and Gas Company were finalized by using Lavasheh Validation method in six groups; these factors were identified through review of previous ...
متن کاملA solution for financing the upstream oil and gas industry using the project fund
Financing is one of the most important challenges in launching new projects. Different methods of financing have different effects on project performance due to the variety of market and its risk and return. One of the new methods of financing projects is the creation of a project fund through the capital market, which investors are the final owner of the project, so participate in the economic...
متن کاملApplying the resilience concept in practice: A case study from the oil and gas industry
This paper demonstrates how the resilience concept (Hollnagel et al., 2006) can be used as a perspective for reducing occupational injuries. The empirical background for the paper is a case study on an oil and gas installation in the North Sea that had a negative trend in LTI (Lost Time Injury) rates. The HSE (Health, Safety, Environment) administration initiated a broad process that included t...
متن کاملStrategic Model of Talent Management: A Case Study of Pars Oil and Gas Company
This study aimed to design a strategic model of talent management at Pars Oil and Gas Company (POGC) based on international best practice experience. Research method is a mixed method (qualitative-quantitative) and sampling is done in two phases. In qualitative phase, sample included 24 top managers and senior executives (experts) who were selected by purposive sampling and in quantitative phas...
متن کاملمنابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ذخیره در منابع من قبلا به منابع من ذحیره شده{@ msg_add @}
عنوان ژورنال
دوره 14 شماره 3
صفحات -
تاریخ انتشار 2018-09-01
با دنبال کردن یک ژورنال هنگامی که شماره جدید این ژورنال منتشر می شود به شما از طریق ایمیل اطلاع داده می شود.
میزبانی شده توسط پلتفرم ابری doprax.com
copyright © 2015-2023