scholarly journals Methodological Tools for Evaluating Effectiveness of Capital Construction Projects of Oil Producing Enterprises

2021 ◽  
Vol 20 (1) ◽  
pp. 75-82
Author(s):  
E. L. Chazov ◽  
V. P. Grakhov ◽  
O. L. Simchenko
Keyword(s):  
Expert Opinion ◽  
Construction Projects ◽  
Oil And Gas ◽  
Cost Optimization ◽  
Economic Assessment ◽  
Oil Field ◽  
Production Costs ◽  
Stage Of Development ◽  
Capital Construction ◽  
Stage 1

Due to the fact that most of the large oil fields in Russia, characterized by high production costs, are at the final stage of development; the issue of cost optimization has become increasingly important in recent years. The main cost items at oil and gas enterprises are design and construction (reconstruction) of oil field facilities. Analysis of currently used methods for ranking oil and gas projects has shown that all of them are inherently subjective, since they are based on expert opinion. The authors have developed a methodological tools for evaluating the effectiveness of capital construction projects of oil field facilities (for example, construction work on the site for inventory receiving bridges and lifting units), which allows  to eliminate the influence of expert opinion  as much as possible and, consequently,  significantly  improve  the quality and validity of management decisions. The choice of the optimal project is based on a two – level assessment (stage 1– technical assessment, stage 2 – economic assessment). At each stage, an integral indicator is determined by calculation based on the results of objective data analysis  and using the developed algorithms. Thus, it is possible to judge the effectiveness of any project without being based on a subjective approach in the assessment with the help of expert opinion.

Formation Of An Estimate For A State Contract With A Firm Price In The Construction Sector

2020 ◽  
pp. 47-57
Keyword(s):  
Construction Projects ◽  
Cost Of Capital ◽  
Federal Budget ◽  
The State ◽  
Structural Elements ◽  
Construction Sector ◽  
Construction Process ◽  
Practical Application ◽  
Stage Of Development ◽  
Capital Construction

The issues of determining the estimated cost of capital construction projects with the involvement of Federal budget funds at the stage of development of project documentation, during verification of the accuracy of determining the estimated cost and the initial (maximum) contract price are considered. On the basis of the assessment of amendments to urban planning legislation for the purpose of implementing a state contract by the contractor ( based on the results of competitive procedures or without competitive procedures by decision of state authorities), the procedure for forming the estimate as part of a state (municipal) contract, the price of which is firm, is presented. For the purpose of mutual settlements between the customer and the contractor for the work performed, the formation of primary accounting documentation, as well as for checking the work performed by regulatory authorities, an example of drawing up an estimate of the state (municipal) contract on the basis of grouping costs according to structural elements and complexes of work is given. The result of the research conducted was the development of regulations and the formation of criteria for their practical application by state bodies, institutions, organizations and other participants in the investment-construction process, as well as recipients of budget funds, who perform the functions of the state (municipal) customer, developer and technical customer.

Structural modelling of internal risk factors for oil and gas construction projects

2020 ◽  
Vol 14 (5) ◽  
pp. 975-1000
Author(s):  
Mukhtar A. Kassem ◽  
Muhamad Azry Khoiry ◽  
Noraini Hamzah
Keyword(s):  
Risk Factors ◽  
Construction Projects ◽  
Oil And Gas ◽  
Project Success ◽  
Partial Least Square ◽  
Oil Field ◽  
Path Coefficient ◽  
Content Type ◽  
Oil Companies ◽  
The Relationship

Purpose Project failure is the result of one or a combination of several causes of risk factors that are very important to identify for effective performance. This study aims to focus on studying the fundamental relationship between internal risk factors and the negative effect on oil and gas project success in Yemen using the partial least square structural equation modelling (PLS-SEM) method. Design/methodology/approach Data collection was carried out using a formal questionnaire survey of the oil field sector in Yemen by companies involved in mega-oil and gas construction projects. A hierarchical model for determining causative internal risk factors and their effects was developed and evaluated using SEM method by SmartPLS3 software technology. Findings The findings of analyzing model indicate that all categories have a significant effect on project success, while the most significant affected categories in the internal risk factors are project management factors, feasibility study-design and resources-material supply with a path coefficient value of 0.213, 0.197 and 0.186, respectively. Moreover, for the hypotheses test, the positive relationship means that all experimental hypotheses are accepted according to path coefficient value analysis. In addition, the internal risk factors research model shows the ranking of effects on project success starting with project stoppage (loading factor 0.841), cost overruns (loading factor 0.818), time overruns (loading factor 0.726) and project target failure with loading factor 0.539. Research limitations/implications The research was limited to the oil and gas construction projects in Yemen. Practical implications Interpreting the relationship between internal risk factors and their impact on the success of construction projects in the oil and gas sector will assist project team and oil companies in developing risk response strategies and developing appropriate plans to mitigate the effects of risks, which is presented in this paper. Originality/value The paper explains the relationship between cause and effect of internal risk factors in oil and gas projects in Yemen, and is expected to be a guideline for the oil companies and future academic research in the risk management area.

scholarly journals To the experience of Shkapovo oilfield development

Georesursy ◽  
2019 ◽  
Vol 21 (4) ◽  
pp. 119-122
Author(s):  
Evgeny V. Lozin
Keyword(s):  
Oil Recovery ◽  
High Performance ◽  
Oil And Gas ◽  
Construction Material ◽  
Oil Field ◽  
Public Works ◽  
Centrifugal Pumps ◽  
Oil Reserves ◽  
Large Platform ◽  
Capital Construction

The article formulates the main conclusions about the development of a large Shkapovsky oil field with an emphasis on the results of the development of the main objects – horizons DI and DIV of the terrigenous Devonian. The field was commissioned following the neighboring Tuimazinsky and Serafimovsky fields, taking into account the experience of a scientifically organized system for the development of these large platform oil fields in the Volga-Ural oil and gas region. It is shown that this experience was not taken into account much, especially in relation to the unsecured needs of oil production with capital construction, material and technical supply and social facilities. The potential of the field was realized in 18 years. Intra-contour and focal flooding, production technologies using electric centrifugal pumps (ESP), chemicalization of oil extraction processes, primary collection and transportation of products, oil, gas and water treatment technologies, etc., accelerated the development. Shkapov engineers and scientists own a number of innovations: realizing high development rates, means of preventing and eliminating salt-paraffin deposits, the introduction of double-barrel drilling, the development of high-performance ESPs, separate development of facilities, etc. At the same time, tasks were solved on eliminating ecological imbalance in the bowels and the environment, housing and public works. The current urgent problem of the field’s additional development is the activation of the production of residual oil reserves from oil and watered zones drilled with an unreasonably rare grid of wells. The final oil recovery coefficients of the Devonian objects are expected to be high, but, according to the author of the article, could reach CU 0.6.

The use of data on capillary pressures in the development of deposits in the Middle Ob region

2021 ◽  
pp. 61-72
Author(s):  
I. G. Sabanina ◽  
T. V. Semenova ◽  
Yu. Ya. Bolshakov ◽  
S. V. Vorobjeva
Keyword(s):  
Oil Recovery ◽  
Oil And Gas ◽  
Oil Field ◽  
Oil Fields ◽  
The West ◽  
Injection Wells ◽  
Stage Of Development ◽  
Urgent Task ◽  
Capillary Pressures ◽  
Water Cut

Currently, most of the oil fields in the West Siberian oil and gas province are in the final stage of development. There is water-cut in production, a decrease in oil production, and the structure of residual reserves deteriorates. The search and application of the most successful scientific methods and technologies for improving oil recovery in the development of fields is quite an urgent task.It should be taken into account that hydrophobic reservoirs are common in the oil fields of Western Siberia, and when applying the method of reservoir flooding, this fact should be taken into account and a more detailed approach should be taken to the study of capillary forces to prevent flooding of productive objects. Despite the good knowledge of the West Siberian megabasin, some fundamental issues of its structure and oil and gas potential remain debatable.The article proposes methods for improving oil recovery of the BS10 formation of the Ust-Balykskoye oil field based on the study of capillary pressures in productive reservoir formations, and provides recommendations for the placement of injection wells. The study of the capillary properties of reservoir rocks will significantly improve the efficiency of exploration and field operations in oil fields.

Vertical integration approach for the intelligent Oil & Gas field

2018 ◽  
Vol 66 (10) ◽  
pp. 859-874 ◽  
Author(s):  
Marcelo V. García ◽  
Aintzane Armentia ◽  
Federico Pérez ◽  
Elisabet Estévez ◽  
Marga Marcos
Keyword(s):  
Vertical Integration ◽  
Flexible Manufacturing ◽  
Oil And Gas ◽  
Production Systems ◽  
Oil And Gas Industry ◽  
Oil Field ◽  
Remote Access ◽  
Production Costs ◽  
Gas Field ◽  
Cyber Physical Production Systems

Abstract The oil and gas industry envisions a smarter way of running their business where they can visualize their entire operation, call and retrieve production data effortlessly and seamlessly, collaborating across the entire enterprise to decrease production costs while increasing recovery. The so-called Intelligent Oil Field (IOF) promotes reference architectures and development approaches that improve the flexibility and efficiency of upstream and downstream process. In this sense, OPC UA provides local and remote access to plant information, allowing horizontal and vertical integration in a reliable, safe and efficient way. This article contributes an open IOF architecture for vertical integration based on cyber-physical production systems, configured under IEC 61499 and using OPC UA. Therefore, the proposal is suitable to achieve flexible manufacturing.

Effectiveness Of Life Cycle Management Of Projects Using Information Modeling

2019 ◽  
pp. 24-29 ◽  
Keyword(s):  
Life Cycle ◽  
Construction Projects ◽  
Life Cycle Management ◽  
Information Modeling ◽  
Engineering Systems ◽  
Basic Principles ◽  
Complex Engineering ◽  
Domestic Practices ◽  
Capital Construction ◽  
Complex Engineering Systems

Improving the efficiency of life cycle management of capital construction projects using information modeling technologies is one of the important tasks of the construction industry. The paper presents an analysis of accumulated domestic practices, including the legal and regulatory framework, assessing the effectiveness of managing the implementation of investment construction projects and of complex and serial capital construction projects, as well as the life cycle management of especially dangerous technically complex and unique capital construction projects using information modeling technologies, especially capital construction projects, as well as their supporting and using systems, primarily in the nuclear and transport sectors. A review of modern approaches to assessing the effectiveness of life cycle management systems of complex engineering systems in relation to capital construction projects is carried out. The presented material will make it possible to formulate the basic principles and prospects of applying approaches to assessing the effectiveness of the life cycle management system of a capital construction project using information modeling technologies.

“PIRAMIDA TINGGI, A State of the Art to Fulfill Obligation of Forestry Permit on Watershed Rehabilitation at PT Pertamina Hulu Mahakam”

2020 ◽  
Author(s):  
P. Sarwanto
Keyword(s):  
Land Tenure ◽  
Management System ◽  
Web Application ◽  
Local Community ◽  
Oil And Gas ◽  
Cost Optimization ◽  
Field Work ◽  
Development Goals ◽  
Potential Risks ◽  
Oil And Gas Sector

Among other obligations imposed under the forestry permit, watershed rehabilitation planting is perceived by the upstream oil and gas sector as the most complex challenge to conquer. Despite its poor track in fulfilling timeline and required result, there are also other challenges to consider, for instance lack of critical location, weather, fire, land tenure, community habit and capability, and cost optimization. In attempt to respond these challenges, an innovation in management system is constructed at PT Pertamina Hulu Mahakam, embracing and tailoring all related challenges, difficulties, and complexities, escalating the activity to be beyond compliance. So that it will be able to deliver more than merely avoid the identified potential risks towards company. The management system, called PIRAMIDA TINGGI (Pemberdayaan Masyarakat untuk Melestarikan Hutan di Dunia demi Ketahanan Energi Nasional), actively involves government, community, and business sector as equilateral triangle that work together to perform watershed rehabilitation planting. Developed using ISO 9001:2015 process approach namely PDCA (Plan-Do-Check-Act), the PIRAMIDA TINGGI system is in line as well with NAWACITA (President Joko Widodo’s vision, mission and program). To encounter other issue found during field work, this system is equipped as well with another innovation tool named PARIDA, a geospatial mobile-desk top-web application that easily able to map and identify vegetation in real time for further geo-analyzing multi-purposes, to be operated by local community. Full set implementation of this system has benefitted all parties. To Company in form of significant cost efficiency around 13.9 MUSD and 7 days’ faster result delivery besides obligation fulfillment, for others in form of broader advantage of proven sustainability project that has gave contribution to 5P (People, Planet, Prosperity, Partnership and Peace), objectives required by UN Sustainable Development Goals 2030.

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