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picture1_Jip33 | Jip33 Overview 12 July 2017 Updated24 8 17 A


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File: Jip33 | Jip33 Overview 12 July 2017 Updated24 8 17 A
jip33 standardisation of equipment specifications for procurement slide package for general use 12 july 2017 project context objective and vision context objective vision between 2010 the cpc initiative the vision ...

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    JIP33 
    Standardisation of  
    equipment 
    specifications for 
    procurement
    Slide package for general use
    12 July 2017
  Project context, objective and vision
   Context                 Objective                   Vision
   Between 2010-           The CPC initiative          The vision for the industry is to 
   2014, 75% of            seeks to drive a            standardise specifications for 
   large E&P               structural reduction        procurement for equipment and 
   projects                in upstream project         packages, facilitating improved 
   exceeded                costs with a focus on       standardisation of major projects 
   budget by 50%           industry-wide, non-         across the globe.
   on average, and         competitive 
   50% of projects         collaboration and 
   exceeded                standardisation.
   schedule by 
   almost 40%.
                                               2
   Value potential
            Preliminary estimates indicate…
                       • Improved safety.
                       • Potential cost reductions of 10-20% of 
                        CAPEXspending on equipment.
                       • Up to 40% schedule compression for 
                        standardised asset classes.
                       • Improved equipment quality and reliability 
                        hence lower lifecycle costs.
            These estimates are being further assessed with vendors and 
            companies as part of the proof-of-concept consolidation.
                                       3
   IOGP JIP33 Standardisation of equipment 
   specifications for procurement
   JIP33 Support by
   JIP33 Phase 1 Funding members
                                         4
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...Jip standardisation of equipment specifications for procurement slide package general use july project context objective and vision between the cpc initiative industry is to seeks drive a standardise large e p structural reduction projects in upstream packages facilitating improved exceeded costs with focus on major budget by wide non across globe average competitive collaboration schedule almost value potential preliminary estimates indicate safety cost reductions capexspending up compression standardised asset classes quality reliability hence lower lifecycle these are being further assessed vendors companies as part proof concept consolidation iogp support phase funding members...

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