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Conference Papers Year : 2012

Identification of Factors Causing Time and Cost Overruns in Offshore Petroleum Modification Projects

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Dina Kayrbekova
  • Function : Author
  • PersonId : 1008386
Tore Markeset
  • Function : Author
  • PersonId : 1008353
Sukhvir Singh Panesar
  • Function : Author
  • PersonId : 1008387

Abstract

Many of the production facilities and technologies operated on the Norwegian Continental Shelf are getting older and need to be modified to maintain the production performance at the desirable level. Each modification project is unique, and therefore needs to be evaluated and verified with consideration to all specifications. However, the oil and gas industry experience shows that the execution of modification projects within predefined time and cost are rather an exception, than a rule. In this paper we identify and discuss some of the factors that cause time and cost overruns in offshore facility modification projects. Furthermore, we discuss alternative cost methods to improve the quality and the accuracy of costs and time assessments.
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Dates and versions

hal-01524208 , version 1 (17-05-2017)

Licence

Attribution - CC BY 4.0

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Dina Kayrbekova, Tore Markeset, Sukhvir Singh Panesar. Identification of Factors Causing Time and Cost Overruns in Offshore Petroleum Modification Projects. International Conference on Advances in Production Management Systems (APMS), Sep 2011, Stavanger, Norway. pp.268-275, ⟨10.1007/978-3-642-33980-6_31⟩. ⟨hal-01524208⟩
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