Assessing Key Factors Impacting the Performance of Offshore Hydrocarbon Projects

Offshore hydrocarbon projects have many different and unique characteristics, such as a larger project size, higher number of scopes, higher complexity, etc. In fact, offshore hydrocarbon projects described as mega projects are ones that require significant assessment and acquisition methods in order to reduce risks and failures. This paper emphasizes the critical and challenging factors that affect the successful implementation of O&G offshore projects and their overall performance. Four perspectives have been identified in order to assess these factors. These perspectives are financial, technical, geopolitics and geographic. Under each perspective, there are multiple criteria that are linked to each other with complex processes and unique challenges.