About this Virtual Instructor Led Training (VILT)

The lifecycle costs of an upstream oil & gas development are typically very high and subject to great uncertainty. However, it is crucial to be able to generate reliable cost estimates, covering the full lifecycle, at every stage. Costing is particularly challenging during the early lifecycle stages, when uncertainty is at a maximum, and information is limited and often unavailable. It is during the early (front-end) stages of exploration and development that reliable costs are crucial to support key development decisions. Costing of offshore assets is also particularly challenging on account of: limited specialist in the supply chain; supplier cost fluctuations over the business cycle; technological changes and innovation; project complexity; move to unconventional resources; move to harsher environments; and many others.

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    Learn what past participants have said about EnergyEdge training courses

    This course provides a great overview of life cycle costing. It is very beneficial especially to project personnel who involved in front line.

    Cost Engineer, PETROFAC

    Excellence course. Coming from a non-technical background, it helps me to improve my communication and collaboration skills.

    Manager, Sapura Energy

    This training is a good opportunity for me to acquire knowledge related to ‘cost’. Thanks!

    Geologist, Mitsubishi Corporation Exploration

    The overall training was very beneficial to understand what FDP is all about. Was clueless before on the terms and blindly consolidate data, but with info in hands now, I can walk the talk in office.

    Senior Prod Planner, Vestigo Petroleum

    Well organized training session and clear instructions from the trainer.

    Senior Process Engineer, Repsol Malaysia