Strategic Cost Engineering and Optimization in Oil & Gas Projects
Workshop Overview
In today’s capital-intensive oil and gas industry, controlling project costs while maximizing value is more critical than ever. This 5-day immersive workshop equips participants with in-demand knowledge, tools, and methodologies to master cost engineering and optimization strategies throughout the entire oil and gas project lifecycle—from early-stage estimation through execution, risk mitigation, and project control.
A globally respected cost engineering expert with 20+ years of industry experience with top companies such as Shell, Petronas, Chevron, and BG Group, this workshop blends global best practices with practical case studies and tools you can apply immediately to your projects.
Benefits of Attending this Workshop
By attending his course, participants will be able to:
• Develop a sound understanding of the principles, methodologies and industry best practices in Cost Engineering
• Understand the business context, the project life cycle and the purpose of Cost Engineering in Oil & Gas projects
• Learn to prepare cost estimates, from high level factor estimating to very detailed equipment and bulk material cost
• Understand the impact of project location, market environment and project execution strategy on project cost
• Learn how to control, forecast and report the cost and progress during project execution
• Develop the skills and knowledge to review and reconcile cost estimates
• Understand the principles and methodologies of risk analysis and risk management
• Learn to set-up and maintain risk registers, perform cost & schedule risk analysis and execute risk mitigation
• Work on real Oil & Gas project case studies to practice all aspects of this master class
• Develop a sound understanding of the principles, methodologies and industry best practices in Earned Value Management
• Know how to apply Earned Value to analyze project performance and forecast cost & schedule at project completion
• Learn to develop and work with work breakdown structures, work packages, project baselines and project forecasts
• Understand the business context and the purpose of Cost Engineering in Oil & Gas projects
• Learn how to control, forecast, monitor and report the cost and progress during project execution
• Work on real Oil & Gas project case studies to practice all aspects of this course
Who Should Attend
This course is strongly recommended for but not limited to:
