The most important aim of every project is on time completion, budget consideration and reaching the highest possible quality, based on contract. This paper suggests a methodology for risk management in engineering, procurement, and construction (EPC) projects. Risk management enables project teams to perform with minimum deviation from predetermined goals. The proposed methodology identifies a...

delay in implementation and delivery of projects of general contractors working in oil, gas and petrochemical projects, together with their law profits, are the main reasons for writing this paper. it has been tried in t6he article to present an actual and applied method of decision making to determine strategic goals, strategic planning and its relation with the standards of project management...

D evelopment of oil and gas fields is facing many risks, which are mainly due to uncertainties about the existence of commercial reserves, natural and economic environment, political conditions of host countries, legal and infrastructure issues and a market for petroleum products. In such an environment, investors are often engaged as contractors to develop and operate petroleum proj...

Carbon dioxide capture and storage (CCS) is one option for mitigatining atmospheric emissions of carbon dioxide and thereby contributes in actions for stabilization of atmospheric greenhouse gas concentrations. Carbon dioxide storage in geological formations has been in practice since early 1970s. Information and experience gained from the injection and/or storage of CO2 from a large number of ...

This study examines the pre-announcement performance of Canadian takeover targets and measures the relation between performance and the turnover rate of target firm top managers (Chief Executive Officers or Presidents) following the announcements. We find negative correlation between pre-announcement performance and the turnover rate. We find that the pre-announcement performance of targets tha...

For technical and economic success of miscible gas injection projects, an accurate laboratory measurement of Minimum Miscibility Pressure (MMP) at reservoir conditions is essential. On the other hand, compositional reservoir simulator is a useful tool in gas injection studies and prediction of MMP. The main goal of this paper is to describe a procedure to generate a three phase sequential t...

The upstream petroleum industry today faces unprecedented waves of added costs and new regulatory challenges as it tries to navigate the shoals of risk management toward preserving its bottom line. The historical risk factors—e.g., commodity price volatility, geopolitics, etc.—facing the industry have become more complex. Oil and gas price movements are now tethered more to macroeconomic influe...