E&P Project Cost Estimation & Control CertificationPCTR/COSTGB

Who should attend?

  • This course provides a structured and comprehensive approach towards cost estimation and control of upstream Oil & Gas projects.
Audience :
  • Project engineers and managers, petroleum architects, engineers in charge of the modification/extension of existing facilities and R&D engineers.

Level : Proficiency

Course Content

  • OVERVIEW OF E&P PROJECTS

      • Introduction to exploration and production projects:
      • Economics and risk analysis in the E&P chain.
      • Decision process from discovery to production.
      • Technical fundamentals:
      • Production facilities.
      • Structures and pipelines.
  • PROJECT COST ESTIMATION

      • Estimation framework:
      • Scope and exclusions. Cost management process. Estimate classes. Capital expenditures. Operating expenses.
      • 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.
  • CASE STUDIES ON COST ESTIMATION

      • 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

      • Overview of cost control process.
      • Impact of contracting strategy.
      • Breakdown structures and budget.
      • Commitment process.
      • Change management.
      • Forecasts and reporting.

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.

Ways & Means

  • Case studies from upstream projects.
  • Spreadsheets will be used to perform project cost estimates from basic design parameters.

Certification

  • An international recognition of your competencies.
  • A Advanced Certificate is delivered.
  • An expertise confirmed in E&P Project Cost Estimation & Control .
  • Ready-to-use skills.