Cost and schedule estimation for subsea projects - Oil and Gas

Virtual classroom

Available dates:
20-23 September 2022 (half days am)

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Specialisation course

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About the course

This course provides an overview of cost and schedule estimation for subsea projects. Learners will discover how to prepare cost and schedule estimates for subsea projects. They will learn about the different types, detail and accuracy of cost and schedule estimates and how they vary depending on the project phase. Furthermore, learners will gain an understanding of the economic evaluation methods including Monte Carlo simulations and real options and how to derive the appropriate levels of contingency.

This course is essential knowledge for those wishing to become involved in cost and schedule estimating for subsea projects.

At a glance

Available dates

20-23 September 2022 (half days am)

Duration

2 days (14 study hours)

Location

Virtual classroom

Level

Specialisation

Price

£1,500 plus VAT

Early Bird

Book up to six weeks in advance of the start date of your chosen course to take advantage of the Early Bird discount

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Learning outcomes

  • Explain the importance of cost and schedule estimating for subsea projects
  • Describe the methods of preparing cost and schedule estimates
  • Detail the sources of data for the preparation of cost and schedule estimates
  • Identify the appropriate level of accuracy for cost and schedule estimates
  • Gain an appreciation of how to derive an appropriate level of contingency for cost and schedule estimates
  • Summarise the basic use of Monte Carlo simulations for cost and schedule estimates

Course structure

Day by day content

Day one

Introduction to subsea projects

  • Subsea developments
  • Subsea components
  • Subsea configurations
  • The project lifecycle
  • The importance of cost and schedule estimating

 

Cost estimation of subsea projects

  • Cost categories
  • Estimating accuracy
  • CAPEX estimating
  • Allowances and contingencies
  • Phasing and escalation
  • OPEX estimating

 

Schedule estimation of subsea projects

  • Key processes
  • Work breakdown structure
  • Managing the schedule

Day two

Cost and schedule evaluation methods

  • Project economics
  • Pre and post approval activities
  • Economic evaluation methods
  • Sensitivity analysis
  • Monte Carlo simulation
  • Real options

 

Case studies

  • Economic evaluation
  • Monte Carlo simulation

 

Integrative cost and schedule estimating exercise for a deepwater prospect

TESTIMONIALS

What past delegates have said about our courses

Thanks to this course you gain new insight, shift perspective and gain a greater awareness of the rules, processes and methods for subsea pipelines designing. Highly recommended

Dominika Maziarz, Graduate

Excellent delivery of the course by one of the most experienced persons in the subsea cable industry

Anonymous

Cost and schedule estimation for subsea projects - Oil and Gas

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The instructor is very knowledgeable and speaks very clear making him very easy to understand  


- Tengku Dhalan, Facility Engineer, Chevron

Jee course work is on point, refreshing and well packaged  


- Kolawole Owolabi, Project Engineer, Chevron Nigeria

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