Title: Risk assessment of Iran development programs of oil and gas fields: setting up the top-ten list of IDPOGF risk items

Authors: Mohammad Ali Hatefi

Addresses: Department of Energy Economics and Management, Petroleum University of Technology (PUT), Tehran, Iran

Abstract: Iran oil and gas sector is one of the most important industries in this country. In upstream branch of this sector, Iran development programs of oil and gas fields (IDPOGF) include very costly and complex programs. Hence, the relevant project/program managers need to have a clear understanding of potential risk factors and risks as well as their impacts. In this study, under a general view to the IDPOGF, identification and analysis of the relevant risks are done. At the identification step, through organising a focus group, risk categories are recognised, risks are identified, and a risk breakdown structure (RBS) is constructed. In the analysis step, three probability and impact (PI) matrices are built, each one for one of the project constraints, i.e., cost-time quality (CTQ), then risk scores and risk ranks are determined. Finally, some registers of the IDPOGF entitled top-ten list of risk items are provided. Such lists could be useful for any future IDPOGF or similar/relative programs.

Keywords: oil and gas; risk assessment; risk breakdown structure; RBS; top-ten risks; focus group.

DOI: 10.1504/IJBCRM.2024.140575

International Journal of Business Continuity and Risk Management, 2024 Vol.14 No.3, pp.230 - 254

Received: 20 Aug 2023
Accepted: 02 Jan 2024
Published online: 27 Aug 2024 *

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