Upstream Oil and Gas Development Projects in Indonesia: A Project Risk Analysis Based on Historical Data from 2015 to 2018

Author(s):  
G. D. P. Dewanto
2019 ◽  
Vol 16 (6) ◽  
pp. 60-77
Author(s):  
E. V. Vasilieva ◽  
T. V. Gaibova

This paper describes the method of project risk analysis based on design thinking and explores the possibility of its application for industrial investment projects. Traditional and suggested approaches to project risk management have been compared. Several risk analysis artifacts have been added to the standard list of artifacts. An iterative procedure for the formation of risk analysis artifacts has been developed, with the purpose of integrating the risk management process into strategic and prompt decision-making during project management. A list of tools at each stage of design thinking for risk management within the framework of real investment projects has been proposed. The suggested technology helps to determine project objectives and content and adapt them in regards to possible; as well as to implement measures aimed at reducing these risks, to increase productivity of the existing risk assessment and risk management tools, to organize effective cooperation between project team members, and to promote accumulation of knowledge about the project during its development and implementation.The authors declare no conflict of interest.


2000 ◽  
Vol 32 (11) ◽  
pp. 58-64
Author(s):  
Mikhail Z. Zgurowsky ◽  
Igor I. Kovalenko ◽  
Kuteiba Kondrak ◽  
Elias Kondrak

2018 ◽  
Vol 8 (2) ◽  
pp. 36-42 ◽  
Author(s):  
Danijela Toljaga-Nikolić ◽  
Marija Todorović ◽  
Dragan Bjelica

1994 ◽  
Vol 45 (7) ◽  
pp. 749-757 ◽  
Author(s):  
Jonathan H. Klein ◽  
Philip L. Powell ◽  
Chris B. Chapman

1976 ◽  
Vol 16 (1) ◽  
pp. 107
Author(s):  
M. A. Delbaere

Oilfield operators have always looked for ways of reducing the costs of oil and gas development projects and especially when investment costs were critical to project economics. Tubingless completions have evolved over the last 30 years in North America to fill the need for reduced investment costs particularly in the case of fields with either limited reserves or limited profitability.Tubingless completions basically utilise small diameter tubulars to function as both production casing and flowstring. The tubulars are cemented in the borehole, not to be removed or recovered until the field is depleted and/or the well abandoned. The technique is limited in application to those fields with no corrosion or wax or hydrate problems and with a limited requirement for reservoir stimulation and workovers. The greater the number of operations performed within the tubingless well bore the greater the risk of losing the well.The main benefits of tubingless completions are as follows:Reduction in development well completion costs.Marginally productive hydrocarbon zones can be completed and tested.Completion of individual gas zones of multi-pay wells within their own permanently segregated flowstrings at much lower capital and operating costs.The experience this far with Kincora gas field development wells indicates the tubingless completion method to be completely feasible for gas wells drilled in the Surat Basin and possibly in other areas of Australia.


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