costos estimating for oil and gas projects
Create estimates from conception to the FEED Phase, build your business
intelligence, and easily integrate your critical business processes.
early phase conceptual estimates
Oil and Gas projects are really demanding when it comes to estimating. Estimators have to provide both estimates and budgets with a continuously evolving scope and often within limited timescales. CostOS®, by Nomitech, is designed to build estimates of all classes, from early phase conceptual to detailed FEED estimates. Its powerful parametric engine can be used to value engineer projects and fully support critical decisions about the project such as: its scope, engineering parameters, and even procurement and fabrication locations of the equipment.
The early phases of projects are the most challenging with regards to estimating. The assumptions of the Estimator dramatically affect the total estimated cost of the project and thus its scope and future. CostOS’s parametric engine enables Facility Owners to build methodologies within the software and cost models based on previous experience, using both historical and commercially available data. Their estimating process can be automated, leaving the estimator to focus on value engineering the parameters / scope of the project, rather than manually pricing them or searching for factors. The CostOS engine is highly intuitive and innovative, and enables estimators / engineers to use their experience and build models quickly and easily (an approach that the majority of estimators may never have encountered before.) In addition to the above, CostOS offers ready-made conceptual models, in co-operation with consulting firms that have many years of experience in the oil and gas field.
class 2 and 3 estimates
Estimates with semi-defined scope can be dramatically improved, thanks to the CostOS Assemblies. Estimators can either easily define their own assemblies or purchase ready-made assemblies that perform equipment sizing or factored estimating. Historical or quoted data can be easily interpreted using regression analysis modules available within CostOS.
CostOS has unrivaled power when it comes to FEED Estimates. Man-hours and costs can be estimated with unmatched ease. Estimates built on the CostOS platform become the basis for future estimates. The more people and the more time that is spent on CostOS, the faster and more accurate estimates can be delivered. Linking to quantity take-offs from Plant Design Models is possible within CostOS and can provide an all important competitive edge.
application of costos
CostOS has been successfully applied on:
Greenfield Projects
Brownfield Projects
Decommissioning Projects
Offshore Oil & Gas Projects
Onshore Oil & Gas Projects