Simulation Model for Project Management Enhancement in the Petroleum Industry

Author's Department

Construction Engineering Department

Second Author's Department

Construction Engineering Department

Third Author's Department

Construction Engineering Department

Fourth Author's Department

Construction Engineering Department

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https://doi.org/10.1007/978-3-031-62170-3_3

All Authors

El Dawody Safinaz, Nassar Khaled, Essawy A. S. Yasmeen, Abdallah Abdelhameed

Document Type

Research Article

Publication Title

Lecture Notes in Civil Engineering

Publication Date

1-1-2024

doi

10.1007/978-3-031-62170-3_3

Abstract

Petroleum projects are usually complicated as they involve multiple stakeholders influencing project management decisions. Since time overruns cause financial losses and may lead to disputes, managing the project schedule is as vital as resource management in order to mitigate the risks associated with delays in project execution. Moreover, because of the petroleum projects’ hazardous nature, executing a petroleum project necessitates embracing a professional decision-making technique toward better project management. In addition, particularly for the downstream petroleum value chain, the production continuity from different petroleum products is essential to fulfill the local market needs and ensure social and economic stability. This paper proposes a simulation model as a decision-making tool for managing petroleum projects to minimize possible risks. The suggested project is a crude oil refinery upgrade aiming at increasing the production of different petroleum products, which increases the profit margin while fulfilling the local market needs. Some construction activities must await for the refinery’s partial shutdowns to be performed for safety and accessibility reasons. The refinery’s partial shutdowns are initially planned for regular maintenance of the refinery units and utilities. Hence, a significant part of the project management plan is to manage both the construction and the maintenance activities to be achieved in a small window of time with minimum difficulties that the anticipated congestion may cause. The main objective is to optimize the required resources for minimum activities’ duration for construction and maintenance activities resulting in maximization of the annual production. The simulation findings demonstrate the optimization results with better management methodology of the involved teams aiming to maximize annual production.

First Page

31

Last Page

43

Comments

Conference Paper. Record derived from SCOPUS.

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