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.
| Original language | English |
|---|---|
| Title of host publication | Construction Research Congress 2014 |
| Subtitle of host publication | Construction in a Global Network - Proceedings of the 2014 Construction Research Congress |
| Publisher | American Society of Civil Engineers (ASCE) |
| Pages | 1686-1694 |
| Number of pages | 9 |
| ISBN (Print) | 9780784413517 |
| DOIs | |
| Publication status | Published - 2014 Jan 1 |
| Event | 2014 Construction Research Congress: Construction in a Global Network, CRC 2014 - Atlanta, GA, United States Duration: 2014 May 19 → 2014 May 21 |
Publication series
| Name | Construction Research Congress 2014: Construction in a Global Network - Proceedings of the 2014 Construction Research Congress |
|---|
Other
| Other | 2014 Construction Research Congress: Construction in a Global Network, CRC 2014 |
|---|---|
| Country | United States |
| City | Atlanta, GA |
| Period | 14/5/19 → 14/5/21 |
Fingerprint
All Science Journal Classification (ASJC) codes
- Building and Construction
Cite this
}
The project screening model for natural gas projects : Focusing on the gas field development. / Jang, Woosik; Choi, Seokjin; Park, Heedae; Han, Seung Heon; Lee, Sangku.
Construction Research Congress 2014: Construction in a Global Network - Proceedings of the 2014 Construction Research Congress. American Society of Civil Engineers (ASCE), 2014. p. 1686-1694 (Construction Research Congress 2014: Construction in a Global Network - Proceedings of the 2014 Construction Research Congress).Research output: Chapter in Book/Report/Conference proceeding › Conference contribution
TY - GEN
T1 - The project screening model for natural gas projects
T2 - Focusing on the gas field development
AU - Jang, Woosik
AU - Choi, Seokjin
AU - Park, Heedae
AU - Han, Seung Heon
AU - Lee, Sangku
PY - 2014/1/1
Y1 - 2014/1/1
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=84904675542&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84904675542&partnerID=8YFLogxK
U2 - 10.1061/9780784413517.0172
DO - 10.1061/9780784413517.0172
M3 - Conference contribution
SN - 9780784413517
T3 - Construction Research Congress 2014: Construction in a Global Network - Proceedings of the 2014 Construction Research Congress
SP - 1686
EP - 1694
BT - Construction Research Congress 2014
PB - American Society of Civil Engineers (ASCE)
ER -