NetCo$ter is designed to allow the user to estimate cost for any level of reserves and virtually any type of oil and gas production configuration. The user inputs production data – the more there is the more accurate the estimate will be – and follows a series of steps to define the production configuration.
NetCo$ter's database is weight driven and as such uses a series of algorithms to determine equipment weights and from these equipment costs. Once equipment configurations and weights are determined these are used to estimate the amount of bulks: piping, concrete, electrical equipment, structural steel, instrumentation, safety equipment and - for onshore production facilities - land.
Once the input of technical data is completed, NetCo$ter determine development and operating cost for the facility and provides a detailed breakdown. The database follows a strict categorisation for development and operating cost breakdown that is applied to all modules:
NetCo$ter Catergorisation for Development Cost
|Installation and Construction|
NetCo$ter Catergorisation for Operating Cost
To learn more about our Onshore cost estimating tool follow this link.
To learn more about our Offshore cost estimating tool follow this link.