The
Studies and Consultancy Group provides a range of expert
professional services to clients in the oil and gas industry.
Penspen is entirely independent and free of any ownership
ties with operators or contractors and can thus provide
impartial and confidential consultancy services at any
stage in project development.
The Group is supported by, and capitalises upon, the extensive
resources of the Penspen organisation including leading
industry experts and key engineering personnel.
Studies
The Group undertakes studies at the early stages of project
formation providing key analysis and solutions to the initial
issues facing client project and business developers.
1) Conceptual and Pre-Feasibility
Studies
Examination of project concept
Preliminary definition of technical solutions
Review of project development options
Preparation of first order cost estimates
Definition of preliminary project schedule
Studies 2)
Feasibility & Techno-Economic Studies
Hydraulic modelling for pipeline sizing and capacity analysis
for existing and proposed systems
Desk-top identification and optimisation of pipeline route
options
Environmental impact assessment
Sensitivity analysis for system design parameters (location,
pipeline diameter, pumping/compression, linepipe grade, wall
thickness, design pressure)
Estimates for capital and operating costs
Qualitative and quantitative risk analysis
Economic and financial analysis
Studies 3)
Project Strategy Optimisation
Evaluation of development options
Development of execution strategy
Strategy for procurement and transportation of materials
Contracting strategy
Project schedule development
Cash flow analysis with sensitivities
Project financing options
Requirements for commercial agreements
Value
Management
Value management
is a system of appraising and managing projects in order
to
ensure the completed project represents Value For Money
and satisfies the users
needs and objectives. Whilst such ambitions appear to many
Clients relatively
modest, experiences within the Construction Industry have
confirmed the all too
common tendency for large projects to finish over budget
and under fulfilling the enduser
requirements.
This in turn has led to a search for a management strategy
that can deliver all the
required functions of a project at the least cost; this
is the usual definition of Value
Management.
Value Management helps companies compete more effectively
in local, national and
international markets by:
· decreasing costs
· increasing profits
· improving quality
· expanding market share
· saving time
· solving problems
· using resources more effectively
Examination of project concept
