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E-745C - Estimation & Cost Control Certification

5 days PL/COSTGB
Level
Proficiency
Audience
  • This certification is aimed at professionals requiring a comprehensive understanding of the various elements needed for estimating expenditures of an upstream project. Ideal participants include project engineers and managers, petroleum architects, engineers in charge of the modification/extension of existing facilities and R&D engineers.
Purpose
  • This certification provides a structured and comprehensive approach towards project cost estimation and control.
Learning Objectives
  • Upon completion of the course, participants will be able to:
  • technically define a project to provide a comprehensive cost estimate,
  • perform estimates using a variety of methods and tools,
  • apply the main cost control techniques used throughout the project execution.
Prerequisite
  • Project engineers and managers, petroleum architects, engineers in charge of the modification/extension of existing facilities and R&D engineers.
Ways and means
  • Case studies from upstream projects.
  • Netbooks with spreadsheets will be used to perform project estimates from basic design parameters.
Observation
Duration including competencies assessment duration.

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 1.5 days
  • Overview of cost control process
  • Impact of contracting strategy
  • Breakdown structures and budget
  • Commitment process
  • Change management
  • Forecasts and reporting
2017 course calendar
Language Dates Location Tuition Register
Apr 24 - 28 Rueil €3,500 Online By email
Oct 09 - 13 Rueil €3,500 Online By email