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ISO 19008:2016

Current
Current

The latest, up-to-date edition.

Standard cost coding system for oil and gas production and processing facilities
Available format(s)

PDF , PDF 3 Users , PDF 5 Users , PDF 9 Users , Hardcopy

Language(s)

English, French

Published date

08-24-2016

ISO 19008:2016 describes the standard cost coding system (SCCS) that classifies costs and quantities related to exploration, development, operation and removal of oil and gas production and processing facilities and to the petroleum, petrochemical and natural gas industry. Upstream, midstream, downstream and petrochemical business categories are included.

The SCCS for coding of costs is applicable to:

- cost estimating;

- actual cost monitoring and reporting;

- collection of final quantities and cost data;

- standardized exchange of cost data among organizations;

- implementation in cost systems.

ISO 19008:2016 is intended for users such as the following:

a) owner/operator/company (individual or grouped entity that is entitled or contributes to operations in the exploitation of oil and gas fields);

b) industry/trade associations;

c) manufacturers/contractors;

d) cost engineering service contractors, cost system providers, benchmarking providers, etc.;

e) authorities/regulatory bodies.

ISO 19008:2016 does not apply to the following:

1) cost classification relevant to cost accounting rules, specific contractual agreements, local requirements for cost reporting to national bodies, government rules and tax regulations, authorization for expenditure (AFE), billing purposes etc.;

2) specific project breakdown structures (e.g. work breakdown structures, contract breakdown structures, organizational breakdown structure) or asset breakdowns (e.g. TAG/system codes, area/module breakdown structure) which are and will remain unique.

However, this International Standard can provide a basis for the establishment of such specific classification systems.

Committee
ISO/TC 67
DevelopmentNote
Supersedes ISO/DIS 19008. (08/2016)
DocumentType
Standard
Pages
10
PublisherName
International Organization for Standardization
Status
Current

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