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BS ISO 15663-3:2001

Superseded

Superseded

A superseded Standard is one, which is fully replaced by another Standard, which is a new edition of the same Standard.

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superseded

A superseded Standard is one, which is fully replaced by another Standard, which is a new edition of the same Standard.

Petroleum and natural gas industries. Life cycle costing Implementation guidelines

Available format(s)

Hardcopy , PDF

Superseded date

05-05-2021

Language(s)

English

Published date

12-09-2001

1 Scope
2 Terms, definitions and abbreviated terms
3 Life-cycle costing within the asset life-cycle
  3.1 General
  3.2 Concept selection
  3.3 Outline design/FEED
  3.4 Detailed design
  3.5 Construction, hook-up and commissioning
  3.6 Operation and maintenance
  3.7 Disposal
4 Common implementation issues
  4.1 Summary
  4.2 The life-cycle costing coordinator
  4.3 Training and competence
  4.4 Preparation of a common and consistent source
      of data and assumptions
  4.5 The contract
  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
  5.4 Risk
  5.5 The contractual framework
6 The contractor perspective
  6.1 General
  6.2 Developing and organizing a capability
  6.3 Risk - A contractual perspective
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
  7.5 Contracts
  7.6 Internal competence
Bibliography

Gives 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. Applicable when making decisions on any option which has cost implications for more than one cost element or project phase. 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.

Committee
PSE/17
DevelopmentNote
Supersedes 00/705734 DC (10/2001) Reviewed and Confirmed by BSI, August 2007. (07/2007)
DocumentType
Standard
Pages
42
PublisherName
British Standards Institution
Status
Superseded
SupersededBy
Supersedes

Standards Relationship
ISO 15663-3:2001 Identical

ISO 15663-1:2000 Petroleum and natural gas industries Life cycle costing Part 1: Methodology
ISO 14224:2016 Petroleum, petrochemical and natural gas industries Collection and exchange of reliability and maintenance data for equipment

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£232.00
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