On the Specifics of Assessing the Subjective Risks of Project Activities of Oil and Gas Companies

DOI

10.2991/aer.k.220308.026How to use a DOI?

Keywords

Oil and gas companies; Oil and gas projects; Entrepreneurial risks; Risk management; Risk assessment; Stakeholders; Subjective risks; Subjective probability

Abstract

The article describes the peculiarities of assessing a special type of risks inherent in strategic oil and gas projects, namely risks, whose source is the opportunistic intentions and capabilities of stakeholders. The paper notes the role of the domestic oil and gas complex in the structure of the Russian economy and analyses the features of strategic oil and gas projects; describes the essence of entrepreneurial risks, their main characteristics, as well as approaches to the classification of risks; provides a brief description of the stages of risk management, as well as tools for their identification and assessment; the essence of subjective risks and subjective probability is revealed, the problems of their assessment are investigated. Based on the analysis of the peculiarities of subjective risks, an assumption was made about the advisability of using the expert approach and, in particular, the apparatus of fuzzy sets to assess the risks under consideration.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Vitaliy Bobrov
PY  - 2022
DA  - 2022/03/24
TI  - On the Specifics of Assessing the Subjective Risks of Project Activities of Oil and Gas Companies
BT  - Proceedings of the International Scientific and Practical Conference "Young Engineers of the Fuel and Energy Complex: Developing the Energy Agenda of the Future" (EAF 2021)
PB  - Atlantis Press
SP  - 162
EP  - 167
SN  - 2352-5401
UR  - https://doi.org/10.2991/aer.k.220308.026
DO  - 10.2991/aer.k.220308.026
ID  - Bobrov2022
ER  -