Risk Management Framework in Oil Field Development Project by Enclosing Fishbone Analysis

Abstract

Fishbone analysis process is a conceptual stage in an engineering role and product design. It's a systematic method to analysis a failure system that was longer used in electronic industry application but not limit to use in oil and gas industry. In risk management concept that a failure as a risk shall prevent and identify in beginning process that may require to minimize them to happen in product and application in oil field equipment. The main interest of this paper is to propose for the potential of fishbone model can be insert and enclose onto risk management system and then implement in an oil field development project in oil and gas industry. This paper is provided a base on research and experiences into risk management and learned from the practical team and their opinion in the industry which matched by an application in oil field development equipment such as actuators, valves and Christmas tree that follow to an industry standard such as API 6A guidelines. A framework of implementation phase for risk management fishbone in an oil field development project in the industry was reviewed and added value by improving an effective communication and skills of the project and engineering team to the stakeholder and organization. The framework that added a Fishbone analysis method in engineering role may become a standard model and may work as a reference for academic and practitioners to help evaluate which risk management need to emphasize in order to maximize the organization in industry outcome from each stage of the model. The framework model may also use for reference of developing the oil field development project with a simple process and can be developed with the same concept for the next wide development project in industry.

The Effect of Local Crime on Construction Projects in Padang City

“…The lack of initiating to identify the risk of the project will affect to project itself. Some barrier and project constraint is becoming a risk at this point that does not recognize at risk for the entire project without a systematical method [26].…”

An integrated approach for supply chain risk management

“…As a result of this study, a Chinese manufacturer can choose the best scheme for its supply chain management with the lowest risk. Hamid et al (2017) prepared a risk management framework in the Oil Field Development Project. This study was conducted using the Fishbone Analysis method for finding possible risk causes.…”

“…Some previous studies (Tummala & Schoenherr, 2011;Li & Chen, 2014;Sun et al, 2015;Hamid et al, 2017) found that supply chain risk management requires a process sequence, a tool for managers to make strategic decisions. Furthermore, any risk events and risk causes must be identified and assessed first.…”

Mechanical and physical properties improvement of S275J2 welded carbon steel

“…It is a challenging task for industrial practices [11]. Material and process selection is one of basic requirements in the manufacture of oil and gas equipment since manufacturers are required to control the process of welding and testing as well [12,13].…”