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Development Of A Constraint Management Methodology For An Oil Field Development Project

Table 6:

Limiting factors Type of restriction Project Risks
Climatic conditions The risk of complicating work due to environmental conditions; risk of natural disasters (Tasmukhanova, 2016)
Orographic factors Risks of force majeure
Geological and physical limitations The risk of non-discovery of the field; the uncertainty of the level of water-oil contact (Boldyrev, Burenina, & Zakharova, 2016); risk of losses caused by inaccurate estimates of reserves and oil recovery ratio; exploration risk (Gerasimova & Yamilova, 2017)
The level of scientific and technological progress The risk of applied scientific and technical solutions
Production constraints - Construction risks (typical at the stage of exploration and creation of infrastructure at the field): risk of delays in commissioning of project facilities; risk of construction quality mismatch; risk of failure or stopping oil production;- Operational risks (arise after construction is completed): risk of accidents / fire; risk of non-fulfillment by the contractor of post-launch warranty obligations; risk of technical equipment malfunctions; risk of erroneous capacity determination
The technological scheme of the drilling and production of oil The risk of the wrong choice of production technology; risk of design errors; the risk of reduced productivity of producing and injection wells; risk of choosing applied oil recovery enhancement technologies; risk of incorrect choice of drilling technology; the risk of choosing a method of operating oil wells
The level of domestic and world prices for oil and oil products The risk of fluctuations (fluctuations) in oil prices; financial risk
Sectoral conditions of the economic system Risk of commercial value of the deposit; tax risk; currency risk; inflation risk; business partnership risk
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