Title: Risk assessment in oilfield services project management

Authors: Mladen Radišić; Ognjen Radišić; Maja Radišić

Addresses: Department for Industrial Engineering and Management, Faculty of Technical Sciences, University of Novi Sad, Trg Dositeja Obradovića 6, 21000, Novi Sad, Republic of Serbia ' Maintenance Department, Petroleum Industry of Serbia, Novi Sad, Republic of Serbia ' Business Development Department, BioSense Institute, Novi Sad, Republic of Serbia

Abstract: The paper aims to present the importance of project risk assessment within exploration and production (E&P) sector, namely oilfield services. In this paper, some major project management related issues in the field have been highlighted, such as potential risks present within drilling rig preparation projects. The central research of this paper includes systematic risk overview of the several already finalised drilling rig preparation projects. Furthermore, based on the applied risk assessment methodology, the proposals how to successfully identify, analyse and respond to project risks are given. Therefore, presented results of the paper provide oilfield service project managers with an easy-to-use risk assessment guideline. [Received: April 15, 2018; Accepted: August 7, 2020]

Keywords: API Q2; drilling rig; project management; risk management; risk analysis.

DOI: 10.1504/IJOGCT.2021.117159

International Journal of Oil, Gas and Coal Technology, 2021 Vol.28 No.1, pp.80 - 100

Accepted: 07 Aug 2020
Published online: 19 Aug 2021 *

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