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E-745C - Estimation & Cost Control Certification

5 days PL/COSTGB
Level
Proficiency
Audience
  • Anyone requiring a comprehensive understanding of the various elements necessary for an upstream oil & gas project estimate of expenditures: project engineers and managers, petroleum architects, engineers in charge of modification/extension of existing facilities and R&D engineers among others
Purpose
  • To provide a structured and comprehensive approach towards project cost estimation and control
Learning Objectives
  • To enhance the technical definition of a project for a comprehensive cost estimate
  • To practice different methods and tools to perform estimates
  • To master the main cost control techniques used throughout project execution
Ways and means
  • Each cost estimation method illustrated with case studies from actual upstream projects
  • Netbooks with spreadsheets will be used to perform project estimates from basic design parameters

COST ESTIMATION CONTEXT 0.5 day
  • Introduction to exploration and production projects
  • Oil & gas projects. Asset phases. Evaluation process. Economic studies. Contracting strategy. Project execution phases
  • Technical fundamentals
  • Production facilities. Structures and pipelines
PROJECT COST ESTIMATION 1.5 days
  • Estimation framework
  • Scope and exclusions. Cost management process. Estimate classes. Capital expenditures. Operating expenditures
  • Software available on the market
  • Cost evaluation during project evaluation phases
  • Order of magnitude estimate. Factored/modular estimate
  • Cost evaluation during basic engineering and contracting phases
  • Semi detailed estimate. Detailed estimate
  • From historical data to present time cost evaluation
  • Cost escalation, cost indexes, inflation. Location factors
  • Additional cost elements
  • Risks and uncertainties. Provisions. Particularities of cost estimation of brownfield projects
COST ESTIMATING CASE STUDIES 1.5 days
  • CAPEX of an onshore project
  • Cost estimate of well clusters, CPF, flow lines, trunk lines and infrastructures using diverse documents (historical data, curves, etc.)
  • CAPEX of an offshore project
  • Cost estimate of a satellite field development
  • CAPEX of a deep offshore project
  • Cost estimate of the three main packages (FPSO, UFR and SPS)
  • OPEX of an onshore field
  • Production, transformation and transport costs. Routine and non-routine costs
COST CONTROL 1.25 days
  • Overview of cost control process
  • Impact of contracting strategy
  • Breakdown structures and budget
  • Commitment process
  • Change management
  • Forecasts and reporting
EVALUATION 0.25 day
2016 course calendar
Language Dates Location Tuition Register
Apr 17 - 21 Dubai €3,240 Online By email
Apr 18 - 22 Rueil €3,300 Online By email
May 16 - 20 Port-Gentil €3,730 Online By email
Oct 10 - 14 Rueil €3,300 Online By email

2017 course calendar
Language Dates Location Tuition Register
Apr 24 - 28 Rueil €3,500 Online
Oct 09 - 13 Rueil €3,500 Online