Cost Engineering, Finance and Risk Management for Upstream & Downstream Oil & Gas Projects

1. How to create cost management models with built-in, measurable, real-time progress monitoring transmitters. 2. Ability to fine-tune cost and schedule for mitigating contract risks. 3. Able to use various tools in getting the most optimum cost and schedule mix through simulations and iterations. 4. Capability to appreciate the diversity in project strategies and the rationale for developing financing, cash-flow management, and 5. efficient execution methodologies. 6. How to implement the cost control strategies and allow for variations and manage unscheduled events or geo-political developments. 7. Good understanding of key aspects of Quality Assurance and Quality Control and competencies for conducting Quality Audits. 8. Good understanding of the underlying cost engineering concepts, principles and methodologies being adopted in Oil & Gas projects.

INTERNATIONAL COST ENGINEERING PRACTICES 1. Overview of Cost Models and Financing Structure 2. Correlation between Cost, Cash-flow and Schedule 3. Budgeting and Cost Control System 4. Project Financing Strategies and Costing 5. Case Study 1: Impact of Currency Fluctuations APPLICATION E & P PROJECT AND OFFSHORE RIG BUILDING PROJECT 1. Developing a Costing and Budgeting Model 2. Comparative Analysis of Costing Models 3. Integration with Performance Monitoring and Variance Control Mechanism 4. Cost Engineering Related Risks Identification and Mitigation Strategies 5. Case Study 2: Schedule Related Risks APPLICATION FOR LNG TANKER CONVERSION PROJECT – FROM OWNER’s PERSPECTIVE 1. Estimation of Costs, Bidding and Contract Negotiation 2. Applying Cost Engineering Practices from Biding to Handing-Over Stage in an Oil & Gas Pipeline Project 3. International Best Practices for Total Cost Management 4. Review of Variations Claims, Counterclaims and Back-Charges