scholarly journals Risk Management Framework in Oil Field Development Project by Enclosing Fishbone Analysis

2017 ◽  
Vol 7 (2) ◽  
pp. 446 ◽  
Author(s):  
Abdul Hamid ◽  
Ishak Baba ◽  
Winardi Sani
Keyword(s):  
Risk Management ◽  
Development Project ◽  
Oil Field ◽  
Management Framework ◽  
Field Development ◽  
Risk Management Framework ◽  
Oil Field Development

Economic Risk Analysis of Offshore Projects

1992 ◽  
Vol 114 (3) ◽  
pp. 165-174 ◽  
Author(s):  
E. M. Bitner-Gregersen ◽  
J. Lereim ◽  
I. Monnier ◽  
R. Skjong
Keyword(s):  
Net Present Value ◽  
Oil And Gas ◽  
Development Project ◽  
Oil Field ◽  
Economic Risk ◽  
Gas Field ◽  
Cost Overruns ◽  
Field Development ◽  
Project Assessment ◽  
Oil Field Development

A quantitative analysis of economic risk associated with large investments in offshore oil and gas field development and production is presented. The analysis is intended as a supporting tool in decision-making faced with uncertainty and risk, to study the effect of alternative decisions in an easy manner. The descriptors for the project assessment, such as the Internal Rate of Return (IRR) and Net Present Value (NPV) are applied. The study demonstrates first the impacts of early pilot production (EPP) prior to a main oil field development on the field economy of an oil field development and production installation. Furthermore, the result of cases which reflect relevant situations connected with cost overruns are presented, as well as derivation of rational decision criteria for termination/continuation of a project subjected to cost overruns. Finally, an oil field development project scheduling is demonstrated.

The Application of Wind and Solar Power Generation System in the Ocean Marginal Oil Field Development

2011 ◽  
Vol 282-283 ◽  
pp. 731-734
Author(s):  
Shi Hui Qiu ◽  
Qi Wang
Keyword(s):  
Power Generation ◽  
Solar Power ◽  
Low Cost ◽  
Development Project ◽  
Oil Field ◽  
Generation System ◽  
Field Development ◽  
Solar Power Generation ◽  
Oil Field Development ◽  
Power Generation System

Facing the growing energy needs, ocean marginal fields more and more attention. But the supply is one of the constraints of ocean marginal oil field development. Therefore research and development in power supply system of local installation, low cost, easy maintenance and management, resource conservation, environmental-friendly is critical. This paper investigates the application of wind and solar energy development, as against the existing marginal oil field development project, through designing wind and solar power generation system to discuss the development of marginal oil fields in the feasibility of the application to make constructive comments.

Concept for managing constraints of an oil field development project

2020 ◽  
pp. 95-102
Author(s):  
I.V. Burenina ◽  
◽  
M.V. Gerasimova ◽  
M.A. Khalikova ◽  
I.A. Soloveva ◽  
...  
Keyword(s):  
Development Project ◽  
Oil Field ◽  
Development Projects ◽  
Point Scale ◽  
Specific Design ◽  
Design Constraints ◽  
Field Development ◽  
Probability Of Occurrence ◽  
Oil Field Development

The article is devoted to the identification and evaluation of specific design constraints in the implementation of oil field development projects. A sequence of stages for identifying, evaluating, and managing project constraints is formed. The characteristic of the levels of manageability of project constraints is given and the actions of the manager for each level are defined. A method is proposed for determining the ranks of restrictions, taking into account the probability of occurrence of a restriction and the degree of its influence on the project result. The system of values of the point scale for assessing the levels of manageability of project restrictions is defined. Relationship established of the riskiness of the project and the level of manageability of the design constraints.

Sign in / Sign up

Export Citation Format

Share Document