| Author | Nguyen Van Lau |
| Note | A project submitted in partial fulfillment of the requirements for the
degree of Master of Business Administration (Executive) in
International Business – Management of Technology (VN), School of Management |
| Publisher | Asian Institute of Technology |
| Abstract | Project management plays a key role on business success of the companies in all
industries. Especially, in oil and gas industry with many of huge Capital Expenditure
(CAPEX) project, all oil and gas companies realize that project risk management and
project control management are important monitoring tools of project management and a
needed to ensure their business success.
Production Sharing Contract for Blocks 433a & 416b, Touggourt Permit, Algeria has the
Participating Interests is shared between PVEP (40%), PTTEP Algeria (35%) and
Sonatrach (25%). The Operator of the project is Groupement Bir Seba (GBRS) Joint
Operating Company which is executing several projects to establish organization’s
business, therefore, projects control management and project risk management is treated as
high priority.
Development of Bir Seba Oil Field (BRS) is being divided in two phases to mitigate
technical uncertainties and up-front expenditure. Accordingly, the first priority is to
execute phase 1 in a good manner, the success of phase 1 will be the key foundation for
full scale development. Also, BRS is a marginal development and the key objectives to
minimize CAPEX, achieve first-oil production in mid of 2014. However, there are some
issues exposed a potential risk to GBRS business in term of cost grow on company’s EPC-
1 project and first-oil target delay due to project is behind schedule which is recognized as
high risk to the revenue of parties.
In conclusion, project risk management and project control management through this
research identify the problems and the potential risks then propose the mitigation plan for
GBRS to shortage first-oil delay and restrain the project cost grow up. |
| Year | 2014 |
| Type | Project |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (Executive) in International Business - Management of Technology (VN/BKK)) |
| Chairperson(s) | Winai Wongsurawat;Igel, Barbara; |
| Examination Committee(s) | Zimmermann, Willi ;Badir, Yuorse; |
| Scholarship Donor(s) | Cuu Long Joint Operating Company; |