Factors Affecting in Estimation of Durations and Costs for Oil Projects: A Systematic Literature Review

Authors

  • Ali Sami Hashem, Prof. Dr. Faiq Muhammad Sarhan Al-Zwainy

DOI:

https://doi.org/10.17762/msea.v71i4.896

Abstract

In this study, the actual costs and actual durations were known through the applications of artificial intelligence in oil projects in the Republic of Iraq, and the factors affecting cost management and time management (scheduling) in oil projects, especially in oil well drilling projects, are evaluated.

Through the applications of artificial intelligence and keeping pace with the progress of modern technology through which the actual costs and durations of oil projects are estimated, and a successful strategy for oil project companies is developed and developed to control the projects. Then used to support the results of this study, a comprehensive evaluation of 6 research articles published in Iraq in the field of the oil sector. The researcher, through field experiments, has known the factors affecting the cost and time in drilling projects for oil wells and how many of these factors are The main objective of the study was to conduct a systematic review of the literature in the field of oil projects, especially drilling oil wells in the Republic of Iraq, through a literature review, a total of 6 research papers were reviewed. Meets the criteria (research subject, country of research, publication year and research results) that dealt with the topic for a period of 12 years, which is between the years (2009 and 2020) and - or for the purpose of achieving the objectives of the studythe study explored solutions and ideas for estimating costs and durations in these projects.          

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Published

2022-09-23

How to Cite

Ali Sami Hashem, Prof. Dr. Faiq Muhammad Sarhan Al-Zwainy. (2022). Factors Affecting in Estimation of Durations and Costs for Oil Projects: A Systematic Literature Review. Mathematical Statistician and Engineering Applications, 71(4), 3354–3367. https://doi.org/10.17762/msea.v71i4.896

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Section

Articles