Oceans of knowledge

Commercial & Cost Control

This group provides the cost management function to track and measure the economic performance of Floating Production Storage and Offloading (FPSO) vessels on lease and operations contracts. To that end, the group provides operations management with a reliable view of commitments, oil production performance to date, actual costs, forecasts and balance at year-end.

The group processes operational data from various sources and issues cost forecasts to ensure that budgets match with actual costs incurred. Furthermore, the group compiles OPEX (operations expenses) estimates for new FPSO contracts, based on:

  • a technical description of FPSO and oil and gas production capacity;
  • the OPEX database compiled from historical cost reporting;
  • a survey of the country of operation.

Additionally, technical support (= operations feedback) is provided to tenders to ensure they reflect our high operational standards.

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