BOOK REVIEW
Book Title: Project Management for the Oil and Gas Industry: A World System Approach
Authors: Adedeji B. Badiru and Samuel O. Osisanya
Publisher: CRC Press
List Price: $200.00
Format: Hardcover, 784 pages
Publication Date: January 2013
ISBN: 978-1-4200-9425-1
Reviewer: Chijioke Basil Oleru, MS, PMP, PSM 1
Review Date: December 2024
Introduction
Project management for the oil and gas industry refers to the practice of using project management principles to oversee and coordinate all aspects of oil and gas production project, from the initial planning and design stages through construction and completion, ensuring the project is delivered on time, within budget, and to the required quality standards. It is the process of managing, allocating, and timing resources to achieve a giving goal in an efficient and expeditious manner.
Project management for the oil and gas industry brings to Project Management a unique way of managing projects in the oil and gas industry. The book seeks to enhance the Project Management Body of Knowledge (PMBOK) framework of the Project Management Institute (PMI) for the topics covered, from a background in industrial engineering and system engineering in consonance with the fundamentals of petroleum engineering. This background covers major activities of the oil and gas industry, namely, exploration, drilling and production, transportation, refining and marketing. The authors see the need to both formal and rigorous application of project management skill to each unit to lower operating costs of producing oil and gas. Oil and gas industry produce energy needed for heating, cooling, and lighting our homes, businesses, and industry. Steady usage of this energy requires that a consistent way of producing oil and gas must be developed to avoid disruption of energy. A second point advocated in this book is the system of system (SoS) approach to managing projects. The authors show that major activities in the oil and gas industry include exploration, drilling production, transportation, refining and marketing. These activities and their economic impact are dependent on each other. Oil and gas production requires replacement of machinery supplies. The replacement of supplies involves a huge amount of capital spending. These massive investments in capital spending are used in executing multinational projects in the oil and gas industry.
Structure of Book
Presented in twelve chapters, the book uses vivid diagrams in the illustration of technical practices covered. Case studies are used in talking about the generation, distribution and consumption of oil and gas around the world. The authors cover the correlation between the application of project management and better industry performance. The book also sees a necessity for using the system of systems (SoS) modeling to project management to achieve higher performance in the oil and gas industry. The book shows the application of each project management life cycle element (initiation, planning, executing, monitoring, controlling, and closing) to oil and gas projects. The authors show that PMBOK project management communication component can be enhanced by the implementation of ‘Tripple C model.’
What do I like about this book?
“A system view of the world is what is required to keep industry well oiled.” caught my attention. I see the system-world view application in other areas of any industry. The authors enhance my understanding of how the importance of project management of any scale could impact global economies. I see how the inter connectedness idea advocated in the book is related to the Information Technology concept of Internet of Things (IoT)…
More…
To read entire Book Review, click here
How to cite this review: Oleru, C. B. (2025). Project Management for the Oil and Gas Industry: A World System Approach, book review, PM World Journal, Vol. XIV, Issue II, February. Available online at http://pmworldlibrary.net/wp-content/uploads/2025/02/pmwj149-Feb2025-Oleru-PM-for-the-oil-and-gas-industry-book-review.pdf
About the Reviewer
Chijioke Basil Oleru
Greenville, Texas, USA
Chijioke Basil Oleru is a seasoned data management professional with a solid foundation in project management and a background in real estate. I specialize in leveraging data to drive informed decision-making, streamline operations, and deliver measurable results. My experience in real estate gives me a unique perspective on analyzing market trends and managing complex projects effectively. Whether it is optimizing workflows, managing cross-functional teams, or providing strategic insights, I thrive at the intersection of data and business outcomes. He can be contacted at Basil.oleru66@gmail.com
Editor’s note: This book review was the result of a partnership between the PM World Journal and the PMI Dallas Chapter. Authors and publishers provide books to the PM World Journal Editor; books are delivered to the PMI Dallas Chapter where they are offered free to PMI members who agree to provide a review within 45 days; book reviews are published in the PM World Journal and PM World Library. Reviewers can normally claim PDU’s for PMP recertification upon publication of their book reviews.
PM professionals can also author a review of a PM-related book independently purchased or received from authors. Those book reviews can also be published in the PMWJ, with authors then able to claim PDUs or CEUs for PM recertifications.
If you would like us to publish a book review or are an author or publisher of a project management-related book, and would like the book reviewed, please contact editor@pmworldjournal.com.