A Bayesian approach to cost estimation for offshore deepwater drilling projects

0044 English OPEN
Gyasi, Evans Akwasi;
  • Subject: TC

The global offshore oil and gas industry is constantly challenged with complex operational activities, increasing uncertainties, strict regulations and delicate health, safety and environmental issues. That has made offshore deepwater drilling operation the most time se... View more
  • References (43)
    43 references, page 1 of 5

    1.6 Justification of Bayesian approach ..................................................................................14

    1.7 Definition of key concepts ...............................................................................................15

    2. Gyasi, E., A. and Marshall, J. (2014) Effective cost control a key strategy for efficient exploitation of Nigeria marginal oil fields: case study of Ogbelle, Umusadege, Ibigwe and Ebendo”. ICCE 2014: 3rd International Conference & Exhibition on Clean Energy October 20-22, 2014. Quebec, Canada.

    3. Warwick University: WMG 2014 Innovation Conference, International Manufacturing Centre July 10-11, 2014.

    4. Gyasi, E. A. and Marshall J. (2013) Improving Cost Engineering in the Upstream Oil and Gas sector. ENTECH 2013 - ENERGY TECHNOLOGIES CONFERENCE. Istanbul, Turkey December 26-28, 2013.

    5. Gyasi, E., A. And Marshall, J. (2013) The future of oil and gas supply amidst persistent cost overrun: A review. ICCE 2013: 2nd International Conference

    Skitmore R., M., and Patchell, B., R., T. (1990) 'Developments in contract price forecasting and bidding techniques'. In: Skitmore RM, Marston VK, editors. Cost modelling. London: E& FN Spon,53-84.

    Skogdalen, J., E., and Vinnem, J., E. (2011) 'Quantitative risk analysis offshoreHuman and organizational factors'. Reliability Engineering & System Safety, 96, 468-479.

    Sleeper, L., A., and Harrington, D., P. (1990) 'Regression splines in the Cox model with application to covariate effects in liver disease'. Journal of the American Statistical Association, 85, 941-949.

    Slovic, P. (1972) 'From Shakespeare to Simon: speculations-and some evidenceabout man's ability to process information'. Oregon Research Institute Research Monograph, 12(2).

  • Metrics
Share - Bookmark