International Journal Of Engineering Technology And Management Sciences

AUTHOR(S)

Dr. Volkan Cakir, Mustapha J. Yassine

DOI: https://doi.org/10.46647/ijetms.2023.v07i01.031

ABSTRACT
Purpose – The present study investigates the risk factors and their risk management in Kazakhstan oil and gas mega-construction projects. Design/methodology – Through a quantitative research approach, 384 were stratified into ten listed companies in Kazakhstan that were selected randomly. By stratification, 38.4 persons were selected for interviews from each company. Findings – The study findings through a statistical analysis revealed that internal risks and other significant risks were showing a moderate correlation with the performance of mega projects, while external risks were not affecting the performance with a weak correlation. Practical Implications – The present research is the initial step towards the risk identification process for producing strategic policies for risks and discussing their sources and consequences on performance. It is awareness for the workers and employees working in the mega constructions projects in Kazakhstan to know the possible risk factors for the project for the improvement in the performance. Theoretical Contribution –The study possesses theoretical implications for the academics and the researcher to know the risk factors of the projects, including internal, external and other significant risks in mega construction projects. It helps recognize the practical advantages and disadvantages of all the risk factors in the industry. The study would benefit future theoretical researchers examining other categories and their effect on other enterprises. Limitations/Originality/Value – The study has not used the theoretical framework for oil and gas mega-construction projects' risk factors. Thus, future researchers can work on applying and expanding the theory related to the risk factors impacting performance. Other factors affecting Kazakhstan's oil and gas projects are needed to focus on influencing the performance of the specific industry.

Page No: 219 - 231

References:

Abdel-Basset, M., Gunasekaran, M., Mohamed, M., & Chilamkurti, N. (2019). A framework for risk assessment, management and evaluation: Economic tool for quantifying risks in supply chain. Future Generation Computer Systems, 90(1), 489–502.
Abdulmoneim, A., Samadony, A. A., & Nosair, I. (2021). Identification and Ranking the Most Significant Risks of the Mega Construction Projects in Saudi Arabia. Saudi Journal of Civil Engineering, 35-49.
Adeleke, A. Q., Adeniyi, A. W., & Muuka, G. N. (2021). the Influence of Delay Factors on Pahang Malaysian Construction Industry: a Pls-Sem Approach. International Journal of Industrial Management, 206-216.
Ahmed, R., Hussain, A., & Philbin, S. P. (2022). Moderating Effect of Senior Management Support on the Relationship Between Schedule Delay Factors and Project Performance. Engineering Management Journal, 34(3), 374-393 .
Ajibike, W. A., et al., (2019). Impact of Oil and Gas Internal Risk Factors on Project Success: Moderating role of Government Support. International Journal of Energy Sector Management, 22(1), 47-69.
Alirezaei, S., Taghaddos, H., Ghorab, K., Tak, A. N., & Alirezaei, S. (2022). BIM-augmented reality integrated approach to risk management. Automation in Construction, 141, 104458.
Alrashidi, M., & Adesta, E. Y. (2021). Mega Projects Evaluation Criteria: Case Studies from Kuwait Industrial Project. Asian Journal of Electrical and Electronic Engineering, 1-7.
Amri, T. A., & Marey-Pérez, M. (2020). Towards a sustainable construction industry: Delays and cost overrun causes in construction projects of Oman. Journal of Project Management, 5(2), 87-102.
Azhgaliev, D., Karimov, S., & Isaev, A. (2018). Regional study is the next important stage in evaluation of oil and gas industry potential of sedimentary basins of Western Kazakhstan. Георесурсы, 20(1), 16-24.
Babatunde, A. O. (2020). Oil pollution and water conflicts in the riverine communities in Nigeria’s Niger Delta region: challenges for and elements of problem-solving strategies. Journal of Contemporary African Studies, 38(2), 274-293.
Basak, M., Coffey, V., & Perrons, R. K. (2018). Risk Factors Affecting Delays in Upstream Natural Gas Mega-Projects: An Australian Perspective. In SPE Asia Pacific Oil and Gas Conference and Exhibition (pp. 23–25). Brisbane: OnePetro.
Chattapadhyay, D. B., Putta, J., & Rao, P. R. (2021). Risk Identification, Assessments, and Prediction for Mega Construction Projects: A Risk Prediction Paradigm Based on Cross Analytical-Machine Learning Model. Buildings, 11(4), 172.
Delgado, J. M., Oyedele, L., Ajayi, A., Akanbi, L., Akinade, O., Bilal, M., et al. (2019). Robotics and automated systems in construction: Understanding industry-specific challenges for adoption. Journal of Building Engineering, 26, 100868.
Dixit, S., Sharma, K., & Singh, S. (2020). Identifying and analysing key factors associated with risks in construction projects. In Emerging Trends in Civil Engineering (pp. 25-32). Singapore: Springer.
Epelle, E. I., & Gerogiorgis, D. I. (2020). A review of technological advances and open challenges for oil and gas drilling systems engineering. AIChE Journal, 66(4). https://doi.org/10.1002/aic.16842
Ghalib, H., Elkhorazaty, M. T., & Serag, Y. (2020). New Capital Cities: A Timeless Mega-project of Intercontinental Presence. IOP Conference Series: Materials Science and Engineering. IOP Publishing.
Gorlenko, N., Murzin, M., & Belyaevsky, R. (2020). Assessment of Environmental Risks at Oil and Gas Production Companies Using an Integrated Method. E3S Web of Conferences , (p. 02033).
Harkous, R. (2021). Overview on the Lebanese Environmental Governance System: Main Hazards In The Oil And Gaz Sector. Bau Journal-Science and Technology, 3(1), 5.
Hassanen, M. A., & Abdelalim, A. M. (2022). Risk Identification and Assessment of Mega Industrial Projects in Egypt. International Journal of Management and Commerce Innovation (IJMCI), 10(1), 187-199.
Hatmoko, J., & Khasani, R. (2019). Mapping Delay Risks of EPC Projects: A Case Study of A Platform and Subsea Pipeline of An Oil and Gas Project. In IOP Conference Series: Materials Science and Engineering. 598, p. 012095. IOP Publishing.
Hossain, M. A., Raiymbekov, D., Nadeem, A., & Kim, J. R. (2022). Delay causes in Kazakhstan’s construction projects and remedial measures. International Journal of Construction Management, 801-819.
Hussain, A., Jamil, M., Farooq, M. U., Asim, M., Rafique, M. Z., & Pruncu, C. I. (2021). Project Managers’ Personality and Project Success: Moderating Role of External Environmental Factors. Sustainability, 13(16), 9477.
Kamal, A., Abas, M., Khan, D., & Azfar, R. W. (2022). Risk factors influencing the building projects in Pakistan: from perspective of contractors, clients and consultants. International Journal of Construction Management , 1141-1157.
Kassem, M. A. (2022). Risk Management Assessment in Oil and Gas Construction Projects Using Structural Equation Modeling (PLS-SEM). Gases, 2, 33–60.
Kassem, M. A., Khoiry, M. A., & Hamzah, N. (2020). Assessment of the effect of external risk factors on the success of an oil and gas construction project. Engineering, Construction and Architectural Management.
Kassem, M. A., Khoiry, M. A., & Hamzah, N. (2020). Structural modelling of internal risk factors for oil and gas construction projects. International Journal of Energy Sector Management, 14(5), 975-1000.
Kassem, M. A., Khoiry, M. A., & Hamzah, N. (2021). Theoretical review on critical risk factors in oil and gas construction projects in Yemen. Engineering, Construction and Architectural Management, 28(4), 934-968.
Kazantsev, A., Medvedeva, S., & Safranchuk, I. (2021). Between Russia and China: Central Asia in Greater Eurasia. Journal of Eurasian Studies, 57-71.
Khalilzadeh, M., Kebriyaii, O., & Rezaei, R. (2021). Identification and selection of stakeholder engagement strategies: case study of an Iranian oil and gas construction project. International Journal of Construction Management , 1-23.
Kim, S., & Comunian, R. (2022). Arts and the city in post-Soviet contexts: Policy pathways and interventions in urban cultural development in Kazakhstan. Journal of Urban Affairs, 640- 658.
Kulikova, E. Y., & Balovtsev, S. V. (2020, November). Risk control system for the construction of urban underground structures. In IOP Conference Series: Materials Science and Engineering (Vol. 962, No. 4, p. 042020). IOP Publishing.
Li, Y., Xiang, P., You, K., Guo, J., Liu, Z., & Ren, H. (2021). Identifying the Key Risk Factors of Mega Infrastructure Projects from an Extended Sustainable Development Perspective. International Journal of Environmental Research and Public Health , 18.
Ma, L., & Fu, H. (2020). Exploring the influence of project complexity on the mega construction project success: a qualitative comparative analysis (QCA) method. Engineering, Construction and Architectural Management, 2429-2449.
Markovic, M. R., & Salamzadeh, A. (2018). The Importance of Communication in Business Management. The 7th International Scientific Conference on Employment, Education and Entrepreneurship (p. 18). Serbia: Belgrade.
Martin, A., Wang, Y., Li, J., & Mends, G. (2018). Technical risk factors of international construction. The Journal of Engineering 3, 138-146.
Mohamed, A. G., Ammar, M. H., & Nabawy, M. (2022). Risks assessment using structural equation modeling: mega housing projects construction in Egypt. International Journal of Construction Management , 1-12.
Mu, L., Fan, Z., & Xu, A. (2018). Development characteristics, models and strategies for overseas oil and gas fields. Petroleum Exploration and Development, 45(4), 735-744.
Nawaz, A., Waqar, A., Shah, S. A., Sajid, M., & Khalid, M. I. (2019). An innovative framework for risk management in construction projects in developing countries: evidence from Pakistan. Risks, 24.
Ogolo, N. A., Anih, O. C., & Onyekonwu, M. O. (2022). Sources and effects of environmental pollution from oil and gas industrial operations. Arabian Journal of Chemical and Environmental Research, 9(01), 98-121.
Ongkowijoyo, C. S., Gurmu, A., & Andi, A. (2021). Investigating risk of bridge construction project: exploring Suramadu strait-crossing cable-stayed bridge in Indonesia. International Journal of Disaster Resilience in the Built Environment, 12(1), 127-142.
Orazgaliyev, S. (2018). State intervention in Kazakhstan's energy sector: Nationalisation or participation? Journal of Eurasian Studies, 9(2), 143–151.
Orazgaliyev, S. (2021). Nationalization and the Role of National Oil Companies: The Case of Kazakhstan. In Reforming State-Owned Enterprises in Asia (pp. 323-341). Singapore: Springer.
Petrenko, Y., Denisov, I., & Metsik, O. (2022). Foresight Management of National Oil and Gas Industry Development. Energies, 15(2), 491.
Pheng, L. S. (2018). Project risk management. In Project Management for the Built Environment
(pp. 159-176). Singapore: Springer.
PMI, P. (2019). The Standard for Risk Management in Portfolios, Programs and Projects.
Prateepasen, A., & Aumpiem, A. (2021). Problems causing delays and risk factors in welding construction projects of Thailand. Engineering Journal, 33-44.
Radnitz, S. (2022). Perceived threats and the trade-off between security and human rights. Journal of Peace Research, 367-381.
Raszewski, S. (2022). When one door closes, another opens: How the failure of the Turkey-Austria natural gas pipeline project has led to recovery, resilience and scalability of successor projects. Energy Policy, 112978.
Rawat, A., Gupta, S., & Rao, T. J. (2022). A review on prospective risks and mitigation for oil and gas projects: implication for Indian CGD companies. International Journal of Energy Sector Management.
Samimi, A. (2020). Risk Management in Oil and Gas Refineries. Progress in Chemical and Biochemical Research, 3(2), 140-146.
Seddeeq, A. B., Assaf, S., Abdallah, A., & Hassanain, M. A. (2019). Time and Cost Overrun in the Saudi Arabian Oil and Gas Construction Industry. Buildings, 92, 41.
Shah, R., Kraidi, L., Matipa, W., & Borthwick, F. (2022a). Investigation of the Risk Factors Causing Safety and Delay Issues in Oil and Gas Pipeline Construction Projects. In A. Batako, A. Burduk, K. Karyono, X. Chen, & R. Wyczółkowski (Eds.), Advances in Manufacturing Processes, Intelligent Methods and Systems in Production Engineering (Vol. 335, pp. 313–326). Springer International Publishing.
Shayan, S., Kim, K. P., & Tam, V. W. (2022). Critical success factor analysis for effective risk management at the execution stage of a construction project. International Journal of Construction Management, 379-386.
Shibani, A., Hasan, D., Saaifan, J., Sabboubeh, H., Eltaip, M., Saidani, M., et al. (2022). Financial risk management in the construction projects. Journal of King Saud University - Engineering Sciences.
Shoar, S., & Chileshe, N. (2021). Exploring the causes of design changes in building construction projects: an interpretive structural modeling approach. Sustainability, 9578.
Singer, N. B. (2022). Soviet Simulacrum: The Almaty Metro and Kazakh Independence.
Smith, J., Edwards, D. J., Martek, I., Chileshe, N., Hayhow, S., & Roberts, C. J. (2021). The antecedents of construction project change: an analysis of design and build procurement application. Journal of Engineering, Design and Technology.
Statista. (2022). Number of Enterprises in Bahrain. Retrieved from Statista: https://www.statista.com/statistics/943018/bahrain-number-of-enterprises-by-size/
Ullah, S., Mufti, N. A., Saleem, M. Q., Hussain, A., Lodhi, R. N., & Asad, R. (2022). Identification of Factors Affecting Risk Appetite of Organizations in Selection of Mega Construction Projects. Buildings, 12(1), 2.
Viswanathan, S. K., & Jha, K. N. (2020). Critical risk factors in international construction projects: An Indian perspective. Engineering, Construction and Architectural Management.
Yap, J. B. H., Goay, P. L., Woon, Y. B., & Skitmore, M. (2021). Revisiting critical delay factors for construction: Analysing projects in Malaysia. Alexandria Engineering Journal, 60(1), 1717-1729.
Yap, J. B., & Skitmore, M. (2018). Investigating design changes in Malaysian building projects.
Architectural Engineering and Design Management, 218-238.
Yu, T., Khalid, N., & Ahmed, U. (2021). Factors influencing entrepreneurial intention among foreigners in Kazakhstan. Sustainability, 7066.
Ziyadin, S., Malayev, K., Yessenova, G., & Beyzhanova, A. (2019). Oil and gas companies in the innovation conditions of economic development in Kazakhstan. In E3S Web of Conferences. 135, p. 04025. EDP Sciences.

How to Cite This Article:
Dr. Volkan Cakir, Mustapha J. Yassine. Identifying the Key Risk Factors of Oil and Gas Mega Construction Projects in Kazakhstan . ijetms;7(1):219-231. DOI: 10.46647/ijetms.2023.v07i01.031