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Planning and Management of an Oil and Gas Industry

Jaswant Jayacumaar     , Joshua Dominic     , Atharva R Kshirsagar, S V Rohith, M B Shyam Kumar

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ABSTRACT

Oil and gas are natural products created by the degradation of organic material in geological deposits within the earth's surface. They are made up of mixtures of thousands of organic substances, which once processed provide a very adaptable commodity from fossil fuels to a variety of petrochemicals. It includes natural and petroleum gas, fuel oils, petrochemicals, lubricants, petroleum and other by-products as well as the emerging market of bio fuels (biodiesel). The oil and gas sector are spilt into upstream and downstream activities. The upstream industry includes exploration and production and transfer of oil and gas to the refining or processing facility. The downstream industry involves the production (including refining), distribution and sale of refined hydrocarbon products as illustrated below. Oil and gas projects can be onshore (terrestrial) or offshore (marine) or a combination of both at a variety of scales and may transect international boundaries. This white paper explores the key security challenges facing the oil and gas industry and suggests specific countermeasures from the security risk management standpoint, to mitigate risks. It also covers successful implementation strategies of recommended security solutions to optimize monetary investments. It proposes to follow this approach during oil and gas industry projects. Inclusion of security expertise early in the planning process will result in a better-coordinated and more cost-effective approach to security. The Environmental and Social Risk Briefing covers the oil and gas industry from exploration to production to refining to retail.

 

Key Words: Oil and Gas Industry, Security Risk Management, Monetary Investments, REBA Analysis
 

Advisor: Dr. M B Shyam Kumar
                   Associate Professor
                   School of Mechanical Engineering, Vellore Institute of Technology
                   Chennai, Tamil Nadu, India

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