IMPROVING COST MODELLING IN THE UPSTREAM OIL AND GAS INDUSTRY

E. A. Gyasi, Jane Marshall

Research output: Chapter in Book/Report/Conference proceedingConference proceeding

Abstract

The global upstream oil and gas industry is challenged with complex operational activities, increasing uncertainties, strict regulations and delicate environmental issues among many others. In particular, the ability to accurately forecast the cost of these factors is necessary for the future success and improvement of the upstream oil and gas operations. The study examined some cost models to analyse their ability to forecast cost in the upstream oil and gas sector. Using mixed method approach, scenario based planning model with statistics and probability was adopted as an effective way to forecast cost in the upstream oil and gas industry
Original languageEnglish
Title of host publicationWMG Research and Innovation Conference
Place of PublicationCoventry
PublisherWMG Doctoral Research and Innovation Conference-University of Warwick
Pages8
Number of pages1
Volume1
Edition1
Publication statusPublished - 12 Jul 2014
EventWMG Doctoral Research and Innovation Conference 2014 - Coventry, United Kingdom
Duration: 10 Jul 201411 Jul 2014

Conference

ConferenceWMG Doctoral Research and Innovation Conference 2014
CountryUnited Kingdom
CityCoventry
Period10/07/1411/07/14

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  • Cite this

    Gyasi, E. A., & Marshall, J. (2014). IMPROVING COST MODELLING IN THE UPSTREAM OIL AND GAS INDUSTRY. In WMG Research and Innovation Conference (1 ed., Vol. 1, pp. 8). Coventry: WMG Doctoral Research and Innovation Conference-University of Warwick.