Chapter
May 13, 2014
The Project Screening Model for Natural Gas Projects: Focusing on the Gas Field Development
Authors: Woosik Jang [email protected], Seokjin Choi [email protected], Heedae Park [email protected], Seung H. Han [email protected], and Sangku Lee [email protected]Author Affiliations
Publication: Construction Research Congress 2014: Construction in a Global Network
Abstract
Despite the large demand for natural gas (NG) that is needed to produce clean energy and resource sufficiency, entry into the NG-related construction market is limited by the inherent risks. Especially, the early stage of projects, such as planning or feasibility study, is more crucial on the uncertainty perspective than other following stages, such as engineering or construction. Thus, it is necessary to implement a project screening model in the early stage of a project. This study proposes a project screening model for gas plants that incorporates two analysis aspects: market environment analysis and gas field analysis. Market environment analysis evaluates a country's political stability and the stability of the project from the market perspective. Gas field analysis evaluates technical property, participant stability, and the stability of the target project from the project perspective. Finally, a case analysis is performed using the gas field project in South Africa. The case analysis uses documents of actual gas field development and interviews with site managers. Thus, the gas field site manager validated the proposed model and confirmed its usability. When user integrate their own expertise and experiences with this model, the model will be able to support reasonable decisions.
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© 2014 American Society of Civil Engineers.
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Published online: May 13, 2014
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School of Civil and Environmental Engineering, Yonsei University, Seoul, Korea, 120-749. E-mail: [email protected]
School of Civil and Environmental Engineering, Yonsei University, Seoul, Korea, 120-749. E-mail: [email protected]
Department of Civil, Construction and Environmental Engineering, Iowa State University, Ames, IA 50014. E-mail: [email protected]
School of Civil and Environmental Engineering, Yonsei University, Seoul, Korea, 120-749. E-mail: [email protected]
School of Civil and Environmental Engineering, Yonsei University, Seoul, Korea, 120-749. E-mail: [email protected]
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Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.