Methodological Tools for Evaluating Effectiveness of Capital Construction Projects of Oil Producing Enterprises
Due to the fact that most of the large oil fields in Russia, characterized by high production costs, are at the final stage of development; the issue of cost optimization has become increasingly important in recent years. The main cost items at oil and gas enterprises are design and construction (re...
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| Format: | Article |
| Language: | Russian |
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Belarusian National Technical University
2021-02-01
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| Series: | Наука и техника |
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| Online Access: | https://sat.bntu.by/jour/article/view/2412 |
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| author | E. L. Chazov V. P. Grakhov O. L. Simchenko |
| author_facet | E. L. Chazov V. P. Grakhov O. L. Simchenko |
| author_sort | E. L. Chazov |
| collection | DOAJ |
| description | Due to the fact that most of the large oil fields in Russia, characterized by high production costs, are at the final stage of development; the issue of cost optimization has become increasingly important in recent years. The main cost items at oil and gas enterprises are design and construction (reconstruction) of oil field facilities. Analysis of currently used methods for ranking oil and gas projects has shown that all of them are inherently subjective, since they are based on expert opinion. The authors have developed a methodological tools for evaluating the effectiveness of capital construction projects of oil field facilities (for example, construction work on the site for inventory receiving bridges and lifting units), which allows to eliminate the influence of expert opinion as much as possible and, consequently, significantly improve the quality and validity of management decisions. The choice of the optimal project is based on a two – level assessment (stage 1– technical assessment, stage 2 – economic assessment). At each stage, an integral indicator is determined by calculation based on the results of objective data analysis and using the developed algorithms. Thus, it is possible to judge the effectiveness of any project without being based on a subjective approach in the assessment with the help of expert opinion. |
| format | Article |
| id | doaj-art-b94bbdc733204af19dfd4e1586d9a75f |
| institution | OA Journals |
| issn | 2227-1031 2414-0392 |
| language | Russian |
| publishDate | 2021-02-01 |
| publisher | Belarusian National Technical University |
| record_format | Article |
| series | Наука и техника |
| spelling | doaj-art-b94bbdc733204af19dfd4e1586d9a75f2025-08-20T02:36:06ZrusBelarusian National Technical UniversityНаука и техника2227-10312414-03922021-02-01201758210.21122/2227-1031-2021-20-1-75-822107Methodological Tools for Evaluating Effectiveness of Capital Construction Projects of Oil Producing EnterprisesE. L. Chazov0V. P. Grakhov1O. L. Simchenko2Kalashnikov Izhevsk State Technical UniversityKalashnikov Izhevsk State Technical UniversityKalashnikov Izhevsk State Technical UniversityDue to the fact that most of the large oil fields in Russia, characterized by high production costs, are at the final stage of development; the issue of cost optimization has become increasingly important in recent years. The main cost items at oil and gas enterprises are design and construction (reconstruction) of oil field facilities. Analysis of currently used methods for ranking oil and gas projects has shown that all of them are inherently subjective, since they are based on expert opinion. The authors have developed a methodological tools for evaluating the effectiveness of capital construction projects of oil field facilities (for example, construction work on the site for inventory receiving bridges and lifting units), which allows to eliminate the influence of expert opinion as much as possible and, consequently, significantly improve the quality and validity of management decisions. The choice of the optimal project is based on a two – level assessment (stage 1– technical assessment, stage 2 – economic assessment). At each stage, an integral indicator is determined by calculation based on the results of objective data analysis and using the developed algorithms. Thus, it is possible to judge the effectiveness of any project without being based on a subjective approach in the assessment with the help of expert opinion.https://sat.bntu.by/jour/article/view/2412projecttechnical assessmenteconomic assessmentintegral indicatorproject selectiontwo-level assessmentcost calculation |
| spellingShingle | E. L. Chazov V. P. Grakhov O. L. Simchenko Methodological Tools for Evaluating Effectiveness of Capital Construction Projects of Oil Producing Enterprises Наука и техника project technical assessment economic assessment integral indicator project selection two-level assessment cost calculation |
| title | Methodological Tools for Evaluating Effectiveness of Capital Construction Projects of Oil Producing Enterprises |
| title_full | Methodological Tools for Evaluating Effectiveness of Capital Construction Projects of Oil Producing Enterprises |
| title_fullStr | Methodological Tools for Evaluating Effectiveness of Capital Construction Projects of Oil Producing Enterprises |
| title_full_unstemmed | Methodological Tools for Evaluating Effectiveness of Capital Construction Projects of Oil Producing Enterprises |
| title_short | Methodological Tools for Evaluating Effectiveness of Capital Construction Projects of Oil Producing Enterprises |
| title_sort | methodological tools for evaluating effectiveness of capital construction projects of oil producing enterprises |
| topic | project technical assessment economic assessment integral indicator project selection two-level assessment cost calculation |
| url | https://sat.bntu.by/jour/article/view/2412 |
| work_keys_str_mv | AT elchazov methodologicaltoolsforevaluatingeffectivenessofcapitalconstructionprojectsofoilproducingenterprises AT vpgrakhov methodologicaltoolsforevaluatingeffectivenessofcapitalconstructionprojectsofoilproducingenterprises AT olsimchenko methodologicaltoolsforevaluatingeffectivenessofcapitalconstructionprojectsofoilproducingenterprises |