First Advisor

Tugrul U. Daim

Term of Graduation

Fall 2020

Date of Publication

9-2-2020

Document Type

Dissertation

Degree Name

Doctor of Philosophy (Ph.D.) in Technology Management

Department

Engineering and Technology Management

Language

English

Subjects

Offshore oil well drilling, Multiple criteria decision making, Offshore oil well drilling -- Libya -- Case studies

DOI

10.15760/etd.7473

Physical Description

1 online resource (xiii, 217 pages)

Abstract

Offshore oil projects have many different and unique characteristics, such as larger project size, higher number of scopes, and higher complexity. In fact, offshore oil projects described as mega projects are ones that require significant assessment and acquisition methods in order to reduce risks and failures. Traditionally, cash flow analysis and return on investment are the most known factors to evaluate offshore oil projects. However, there are several other internal and external factors that affect the overall performance of offshore oil projects. A comprehensive approach and advanced tools are required to evaluate these factors that can have a significant impact before any investment decisions are made.

This study emphasizes some critical and challenging factors that affect the successful implementation of offshore oil projects and scores these factors to highlight their weight of impact on offshore oil projects using a hierarchical decision model (HDM). A comprehensive literature review was conducted to recognize the complexities of these factors. Four perspectives were identified in order to assess the attributes that are necessary for successful offshore projects. These perspectives are economical, technical, political, and safety and environmental. Under each perspective, there are multiple criteria that are linked to each other with complex processes and unique challenges. A hierarchical decision model, along with desirability curves, was implemented to evaluate offshore oil projects in order to improve investment decisions and reduce failure.

Rights

In Copyright. URI: http://rightsstatements.org/vocab/InC/1.0/ This Item is protected by copyright and/or related rights. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s).

Persistent Identifier

https://archives.pdx.edu/ds/psu/34449

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