Project portfolio optimization in upstream oil industry in knowledge based organ-ization, “Case study: Tehran energy consultants company”

The oil and gas industry is probably the most important industry in the world. by growing demands of energy, the need for executing oil and gas projects becomes more than ever. mega projects in this industry have certain characteristic such as being investment intensive, multi objective, owners, investors, vendors and contracts, risk and uncertainties and etc. nowadays, knowledge-based organizations play important role in oil and gas industry. due to the expansion and growth of project-oriented knowledge-based organizations, one of the important issues in these organizations is the optimal selection of the project portfolio. the problem is how to choose the optimal project portfolio. in this research you will find how to establish an optimal project portfolio and with respect to organization constraints. at the end, the methodology is applied as a case study in tec company- an active project-oriented knowledge-based organization in upstream oil and gas industry in iran.