ISO 15663-3:2001
Petroleum and natural gas industries — Life-cycle costing — Part 3: Implementation guidelines
1 Scope
This part of ISO 15663 provides guidelines for the implementation of life-cycle costing for the development and
operation of the facilities for drilling, production and pipeline transportation within the petroleum and natural gas
industries. This part of ISO 15663 is applicable when making decisions on any option which has cost implications for
more than one cost element or project phase. The process can be applied to a wide range of options, particularly
when decisions are being considered on the following:
— the process concept;
— equipment location;
— project execution strategies;
— health, safety and environment;
— system concept and sizing;
— equipment type;
— equipment configuration;
— layout;
— maintenance and logistic support strategies;
— manning strategy;
— manning levels;
— operation strategies;
— facility modifications;
— spares and support strategy;
— reuse and/or disposal.
This part of ISO 15663 is applicable to all project decisions, but the extent of planning and management of the
process will depend on the magnitude of the costs involved and the potential value that can be created.
The guidelines will be of value when decisions are taken relating to new investments in projects or during normal
operation to optimize revenue.
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Petroleum and natural gas industries— Life-cycle costing—
Contents Page
Foreword
Introduction
Petroleum and natural gas industries— Life-cycle costing—
1 Scope
2 Terms, definitions and abbreviated terms
3 Life-cycle costing within the asset life-cycle
3.1 General
3.2 Concept selection
3.2.1 Scope of this stage
3.2.2 Contributions
3.2.3 Life-cycle costing activities
3.3 Outline design/FEED
3.3.1 Scope of this stage
3.3.2 Contributions
3.3.3 Life-cycle costing activities
3.4 Detailed design
3.4.1 Scope of work
3.4.2 Contributions
3.4.3 Life-cycle costing activities
3.5 Construction, hook-up and commissioning
3.5.1 Scope of work
3.5.2 Contributions
3.5.3 Life-cycle costing activities
3.6 Operation and maintenance
3.6.1 Scope of work
3.6.2 Contributions
3.6.3 Life-cycle costing activities
3.7 Disposal
3.7.1 Scope of work
3.7.2 Contributions
3.7.3 Life-cycle costing activities
4 Common implementation issues
4.1 Summary
4.2 The life-cycle costing coordinator
4.2.1 General
4.2.2 Role and responsibility of the life-cycle costing coordinator
4.2.2.1 Summary
4.2.2.2 Developing and planning the project life-cycle costing strategy
4.2.2.3 Developing internal life-cycle costing procedures
4.2.2.4 Facilitating and co-ordinating study activities
4.2.2.5 Responsible for handover and maintaining project continuity
4.2.3 The life-cycle costing coordinator's place in the project
4.2.4 Life-cycle costing coordinator skill set and background
4.3 Training and competence
4.4 Preparation of a common and consistent source of data and assumptions
4.5 The contract
4.5.1 General
4.5.2 Prequalification
4.5.3 Development of the tender documentation
4.5.4 Contract award
4.5.5 Alliances
4.6 Data and uncertainty/new technology
5 The operator perspective
5.1 General
5.2 Commitment to life-cycle costing
5.3 Life-cycle costing— A focal point
5.3.1 General
5.3.2 Defining the strategy
5.3.3 Providing continuity
5.4 Risk
5.5 The contractual framework
5.5.1 General
5.5.2 Influencing the design
5.5.3 Contracting elements of support
5.5.4 Contract administration
6 The contractor perspective
6.1 General
6.2 Developing and organizing a capability
6.3 Risk— A contractual perspective
6.3.1 General
6.3.2 Design trade-offs
7 The vendor perspective
7.1 General
7.2 The application of life-cycle costing for the vendor
7.3 Profitability potential for vendors
7.4 Communication
7.4.1 The communication loop
7.4.2 Responding to life-cycle costing enquiries
7.4.3 Life-cycle costing evaluation of vendors or subcontractors
7.4.4 Data
7.5 Contracts
7.6 Internal competence
7.6.1 Challenges
7.6.2 Training
7.6.3 A practical approach
Bibliography
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Petroleum and natural gas industries— Life-cycle costing—
Contents Page
Foreword
Introduction
Petroleum and natural gas industries— Life-cycle costing—
1 Scope
2 Terms, definitions and abbreviated terms
3 Life-cycle costing within the asset life-cycle
3.1 General
3.2 Concept selection
3.2.1 Scope of this stage
3.2.2 Contributions
3.2.3 Life-cycle costing activities
3.3 Outline design/FEED
3.3.1 Scope of this stage
3.3.2 Contributions
3.3.3 Life-cycle costing activities
3.4 Detailed design
3.4.1 Scope of work
3.4.2 Contributions
3.4.3 Life-cycle costing activities
3.5 Construction, hook-up and commissioning
3.5.1 Scope of work
3.5.2 Contributions
3.5.3 Life-cycle costing activities
3.6 Operation and maintenance
3.6.1 Scope of work
3.6.2 Contributions
3.6.3 Life-cycle costing activities
3.7 Disposal
3.7.1 Scope of work
3.7.2 Contributions
3.7.3 Life-cycle costing activities
4 Common implementation issues
4.1 Summary
4.2 The life-cycle costing coordinator
4.2.1 General
4.2.2 Role and responsibility of the life-cycle costing coordinator
4.2.2.1 Summary
4.2.2.2 Developing and planning the project life-cycle costing strategy
4.2.2.3 Developing internal life-cycle costing procedures
4.2.2.4 Facilitating and co-ordinating study activities
4.2.2.5 Responsible for handover and maintaining project continuity
4.2.3 The life-cycle costing coordinator's place in the project
4.2.4 Life-cycle costing coordinator skill set and background
4.3 Training and competence
4.4 Preparation of a common and consistent source of data and assumptions
4.5 The contract
4.5.1 General
4.5.2 Prequalification
4.5.3 Development of the tender documentation
4.5.4 Contract award
4.5.5 Alliances
4.6 Data and uncertainty/new technology
5 The operator perspective
5.1 General
5.2 Commitment to life-cycle costing
5.3 Life-cycle costing— A focal point
5.3.1 General
5.3.2 Defining the strategy
5.3.3 Providing continuity
5.4 Risk
5.5 The contractual framework
5.5.1 General
5.5.2 Influencing the design
5.5.3 Contracting elements of support
5.5.4 Contract administration
6 The contractor perspective
6.1 General
6.2 Developing and organizing a capability
6.3 Risk— A contractual perspective
6.3.1 General
6.3.2 Design trade-offs
7 The vendor perspective
7.1 General
7.2 The application of life-cycle costing for the vendor
7.3 Profitability potential for vendors
7.4 Communication
7.4.1 The communication loop
7.4.2 Responding to life-cycle costing enquiries
7.4.3 Life-cycle costing evaluation of vendors or subcontractors
7.4.4 Data
7.5 Contracts
7.6 Internal competence
7.6.1 Challenges
7.6.2 Training
7.6.3 A practical approach
Bibliography