(Click Category to List Courses)

31 - AAU - Accounting and Financial Auditing


AAU 130 - Cost Engineering in Oil and Gas Sector

Code Start Date Duration Venue Fees
AAU 130 27 December 2020 5 Days Istanbul $ 3950 Registration Form Link
AAU 130 24 January 2021 5 Days Istanbul $ 3950 Registration Form Link
AAU 130 21 February 2021 5 Days Istanbul $ 3950 Registration Form Link
AAU 130 21 March 2021 5 Days Istanbul $ 3950 Registration Form Link
AAU 130 18 April 2021 5 Days Istanbul $ 3950 Registration Form Link
AAU 130 16 May 2021 5 Days Istanbul $ 3950 Registration Form Link
AAU 130 13 June 2021 5 Days Istanbul $ 3950 Registration Form Link
AAU 130 11 July 2021 5 Days Istanbul $ 3950 Registration Form Link
AAU 130 08 August 2021 5 Days Istanbul $ 3950 Registration Form Link
AAU 130 05 September 2021 5 Days Istanbul $ 3950 Registration Form Link
AAU 130 31 October 2021 5 Days Istanbul $ 3950 Registration Form Link
AAU 130 28 November 2021 5 Days Istanbul $ 3950 Registration Form Link
AAU 130 26 December 2021 5 Days Istanbul $ 3950 Registration Form Link
DOWNLOAD PDF

 

Course Description

The course covers the application of cost engineering and cost management principles, proven methodologies and the latest technology in support of the management process.  It sheds light on oil and gas sector in particular. It guides participants in the process of organizing and planning an estimate, apply different estimating techniques and the relationship to the design and life cycle of a project. 

Course Overview

  • Understanding the total cost management  and cost engineering
  • Understanding the Total Cost Management through planning
  • Exploring ways of making exploration projects economically feasible
  • Understanding the principles of risk management 

Who Should Attend?

  • Site engineers, planners and cost control engineers
  • Finance, human resources and project managers
  • Engineers who have an impact on cost during their decision making

Course Details/Schedule

Day 1

  • Planning and organizing an estimate
  • Application process and requirements
  • Cost elements
  • Pricing
  • Materials
  • Equipment, parts, and tools
  • Economic costs

Day 2

  • Activity-Based Cost Management
  • Cost Estimating
  • Project planning
  • Critical path method 
  • Progress Measurement and Earned Value
  • Earned Value for Variable Budgets

Day 3

  • Tracking Cost and Schedule Performance
  • Performance and Productivity Management
  • Value Analysis
  • Regression analysis
  • Contracting for Capital Projects
  • Statistics & Probability
  • Risk Management
  • The International System of Units (SI)

Day 4

  • Various Estimation methods 
  • Quantities estimates 
  • Item-cost estimates
  • Capacity factored 
  • Equipment factored 
  • Analytical 

Day 5

  • Cost estimation at different stages 
  • Exploration
  • Drilling and completions
  • Production facilities
  • Regulatory and political environment