Risk analysis in oil and gas projects : a case study in the Middle East

Thesis (S.M.)--Massachusetts Institute of Technology, System Design and Management Program, 2009. / Includes bibliographical references (leaves 65-66). / Global demand for energy is rising around the world. Middle East is a major supplier of oil and gas and remains an important region for any future oil and gas developments. Meanwhile, managing oil and gas projects are becoming more challenging and riskier than ever before. Therefore, risk analysis and development of strategies to manage risk are crucial to the reduction of potential future delays and cost overruns in oil and gas projects. This thesis focuses on analysis and management of the technical and institutional risks involved in oil and gas projects in the Middle East. In the first section, we describe various types of risk and introduce a framework for risk management. We then conduct a case study to highlight some of the most important risk factors involved in oil and gas projects as well as recommendations to deal with such risks. The case is based on publically available information and includes two distinct projects with similar geologies under two separate legal regimes in Iran and Qatar. / by Emad Zand. / S.M.

Identiferoai:union.ndltd.org:MIT/oai:dspace.mit.edu:1721.1/47875
Date January 2009
CreatorsZand, Emad Dolatshahi
ContributorsDonald Lessard., System Design and Management Program., System Design and Management Program.
PublisherMassachusetts Institute of Technology
Source SetsM.I.T. Theses and Dissertation
LanguageEnglish
Detected LanguageEnglish
TypeThesis
Format66 leaves, application/pdf
Coverageaw-----
RightsM.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission., http://dspace.mit.edu/handle/1721.1/7582

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