$3,690.97 – $3,895.97

Upstream Oil & Gas Development Lifecycle Costing

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Kuala Lumpur

Kuala Lumpur, Federal Territory of Kuala Lumpur

Malaysia

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About This Course

The lifecycle costs of an upstream oil and gas development are very high and subject to great uncertainty. However, it is crucial to be able to generate reliable cost estimates, covering the full lifecycle, at every stage.

Costing is particularly challenging during the early lifecycle stages, when uncertainty is at a maximum, and information is limited and often unavailable.It is during the early (front-end) stages of exploration and development that reliable costs are crucial to support key development decisions.

Costing of offshore assets is also particularly challenging on account of: limited specialist supply chain; supplier cost fluctuations over the business cycle; technological change; project complexity; move to unconventional resources; move to harsher environments; etc.

Why You Should Attend

The objective of the course is to prepare participants to be able to collaborate within multidisciplinary teams on field development planning tasks leading to investment decision, and in particular to equip them with:

  • Knowledge - A good understanding of the challenges and process of lifecycle cost forecasting.
  • Skills - Techniques and ‘rules of thumb’ for costing particular field components.
  • Information - Useful documents and data sets, for later reference.

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Date and Time

Location

Kuala Lumpur

Kuala Lumpur, Federal Territory of Kuala Lumpur

Malaysia

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