Economic Feasibility of Oil and Gas Projects (Proposed Project Study)

Abstract

The economic feasibility study for energy projects aims to identify important tools for strategic planning for the effective management of economic projects in general and oil and gas projects in particular, and therefore the appropriate investment decision will be taken with a high percentage of certainty and highlight the risks surrounding the project to be able to surround and overcome them. This study was based on the analytical approach in reading and fragmenting the problem facing making the right decisions in project management and thus rebuilding the economic model in an accurate and complete manner to some extent in order to derive the right decisions about it. One of the most important conclusions in this research is that the accurate and professional study of projects gives more realistic results of the potential results of those projects، while the lack of clarity of data will lead to project failure or reaching results below the level of ambition. One of the most prominent recommendations is to include the economic feasibility department within the organizational structure of public companies and give them the legal powers to take appropriate decisions for projects in terms of acceptance، rejection or modification of the project in order to ensure the implementation of the project accurately and professionally and within a timetable prepared for that, and thus enable it to compete with the private sector in the accuracy of project implementation.