We have experience in the development of independent cost estimates, the verification of cost estimates and the development of software to estimate costs for oil and gas projects. We are a recognized leader in the evaluation of all costs associated with oil and gas projects. Our experience in the development of accurate cost estimates covers all phases of oil and gas extraction:

• Exploration
• Evaluation
• Development
• Production
• Abandonment

We have been asked to audit project expenditures on behalf of stakeholders, including: partners in hydrocarbon development projects, banks that grant loans to oil and gas projects and governments that want to understand the income stream in those projects.

We have developed cost estimates and verification for all usually encountered estimate classes:
In conducting our cost estimating and verifications we cover not just capital costs but also operating costs.

As part of our cost estimating consultancy we are able to conduct analysis and provide advice on:

• Project Benchmarking
• Equipment and component benchmarking
• Cost estimating risks including probability of occurrence.

Our cost estimating skills and data are founded on an extensive cost database that we maintain to support our Netco$ter cost estimating software. We carry out these activities in support of that:

• Analysis of current oil and gas project cost data
• Quarterly monitoring of bulk material costs
• Monthly monitoring of drilling rig rates
• Annual survey of oil and gas equipment costs
• Open dialogue with equipment and bulk materials vendor
• Quarterly survey of key costs on behalf of a number of our clients