We have over 30 years experience of developing independent cost estimates, verifying cost estimates and the development of software for cost estimating for oil and gas projects. We are a recognised leader in the assessment of all costs associated with oil and gas projects. Our experience in developing accurate cost estimates covers all phases of oil and gas extraction:
We have been called on to audit project expenditures of on behalf of stakeholders including: Partners in hydrocarbon development projects, Banks providing loans to Oil and Gas projects and Governments who wish to understand the revenue flow in such projects.
|
Estimate Class |
Maturity Level of Project Definition Deliverables (Expressed as % of Complete Definition) |
End Usage (Typical Purpose of Estimate) |
|
Class 5 |
0% to 2% |
Feasibility Study |
|
Class 4 |
1% to 15% |
Concept Screening |
|
Class 3 |
10% to 40% |
Budget Authorization or Control |
|
Class 2 |
30% to 75% |
Control Estimate for Tender |
|
Class 1 |
65% to 100% |
Check Estimate for Tender |
In carrying out the development of cost estimates or verifications we adopt these standards:
We have developed cost estimates and verification for all usually encountered estimate classes:
In conducting our cost estimating and verifications we cover not just capital costs but also operating costs.
As part of our cost estimating consultancy we are able to conduct analysis and provide advice on:
Our cost estimating skills and data are founded on an extensive cost database that we maintain to support our Netco$ter cost estimating software. We carry out these activities in support of that.
We have extensive experience in developing these products:
