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Based on all the readings and videos you’ve watched about the two LNG projects in northwestern British Columbia, Canada, and the work produced from Module 6 by all the teams, it’s time for us to step back and analyze the success and failure elements that differentiate the PacificNorthwestLNG project and the LNG Canada project. In this paper, you will do this using the Module 6 team products as a guide, referencing specific elements you see in the two LNG project cases. Your thoughts can be speculative if you don’t have direct evidence – your expertise and best guesses are welcome. Following in the spirit of Module 6, imagine your management has asked you to analyze these two cases in order to gain insights into a project your own company is considering. Speaking to success, failure and risk for both projects is valuable. To Do: Using two risk elements from each of the 3 teams (so 6 factors in total, your choice which ones) from Module 6, compare and contrast the two LNG projects in the case study in terms of where each team managed and anticipated risks and opportunity well, or where maybe some items were mis-estimated or not managed as well as one might hope. Both projects, even though the Petronas-led project has been shelved for now, have significant merits and risks, so one is not necessarily “better” than the other at face value. Down the road both face local challenges as well as global ones, so make sure you look at the whole LNG deal. Dig into the six risk areas you choose from the perspective of understanding and communicating best practices as you see it. Aim for a 5 page length – again, let’s keep it clear and concise. Part 2:This exercise is an opportunity for you to reflect on the Module 7 videos and readings, and to put the role of geoscientists into focus in our role of informing business decisions and guiding the industry through the next few decades. Some themes (for guidance) come to mind, but there could certainly be more that you have seen in the reading and/or video material that you’d like to discuss. Pick three independent themes from either this (very broad and general) list or anything else you want to focus on from this material. • Consider the global future of natural gas and oil in the face of a changing energy mix, changing use patterns, and global climate change • Consider the management structure of oil majors and how they are positioning themselves to address challenges moving forward • Consider the trading and economic infrastructure around the petroleum industry and the economic environment surrounding oil and gas • Consider the UN projections for the role of the industry in the development of humanity and human welfare globally To Do: With each example, address how geoscientists (of all kinds) are going to be instrumental in driving and advising the path forward for the petroleum industry over the next decade. Like before, this requires you to guess and speculate a little - think about your own experience, the structure of the industry and various players in it, what you've learned about the future of the industry and the changing landscape of oil and gas exploration and development. This assignment is short - 3 written pages submitted as a .DOCX file. I have found it usually more challenging to write to short space constraints rather than trying to reach over a set minimum, and more satisfying because you need to be concise.
Based on all the readings and videos you’ve watched about the two LNG projects in northwestern British Columbia, Canada, and the work produced from Module 6 by all the teams, it’s time for us to step back and analyze the success and failure elements that differentiate the PacificNorthwestLNG project and the LNG Canada project.
Assignment ID
400753
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CREATED ON
19 February 2018
COMPLETED ON
20 February 2018
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19 February 2018
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