The economic mechanism of project risk management in development of oil and gas resources
Authors:
About authors
- Ph.D., Dr.Sci. Professor Gubkin Russian State University of Oil and Gas
Abstract
Management decisions efficiency in well construction projects depends on the control of the worked out planning taking into consideration expected risks, rapid reaction on plan vs fact deviations and adjustment to course of works. Economic assessment of well construction risks offers an opportunity to find adequate managerial decisions for prevention of possible design deviations and to submit respective recommendations for construction of new wells to be placed in operation.
Область исследования:
(Archived) Economical aspects in the developments оf fuel & energy complex
Keywords:
management decision-making
investment project
project management
well construction
project efficiency
risk factor
risk management
References
- Krainova E.A., Kuarova Yu. V. Economic evaluation of operational risks of development of new wells // Proceedings of the Mining Institute. Saint Petersburg, 2008. Vol.179.
- Krainova E.A., Risk management of oil and gas com- plex in conditions of uncertainty. /Urgent problems of economy of fuelenergy complex. Materials of scientific articles of international theoretical and practical conference, Ufa, Publishing House UGNTU, 2008.