Validation of Cost Estimating Methodology for Offshore Projects, India

We were contracted to validate a cost estimating methodology developed by the Client for Wellhead and Processing Platforms and Pipeline installations to be added to its existing core production area in the Mumbai High Field. The cost estimating method was vetted along with the rates it used, to ensure it reflected current market conditions. Following validation we were provided with a watching brief designed to monitor cost rates and to update the methodology on a quarterly basis.

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