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Associated Gas Utilization: Project Management

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  • N. A. Sheveleva

Abstract

The article deals with decisions when choosing the most optimal method of associated gas utilization. Management systems are presented in the form of a separate business-process, including procedures of associated gas utilization project management, evaluation of their compatibility with the strategic goals of oil&gas company, consideration of external factors changes influencing the project development. The adapted algorithm scheme of utilization project management is presented. The algorithm includes different analysis sectors determining project tagets, priority strategies in the area, applying the broad spectrum of evaluation: system of cross-economic analysis, system of expert analysis, based on hierarchic structure analysis principals, united by EcoExploration analytical integrator. The article proves the necessity to separately manage the cash flow accounts and gas utilization projects making it possible to opportunely correct the utilization method. Discussed are internal and external types of motivation during project implementation, as well as methods of the maximum efficiency achievement of associated gas utilization projects. The financial strategies in this sector are identified, following them, traditional economic indicators could be interpreted differently.

Suggested Citation

  • N. A. Sheveleva, 2015. "Associated Gas Utilization: Project Management," Russian Journal of Industrial Economics, MISIS, issue 4.
    • Handle: RePEc:ach:journl:y:2015:id:121
    DOI: 10.17073/2072-1633-2014-4-4-8
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