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- W1969576265 abstract "SUMMARY North Sea oil field development projects rank with some of the costliest engineering tasks ever tackles, therefore good control is essential. This can be enhanced firstly by an appreciation of the uncertainties which underlie some of the basic assumptions such as those affecting reserves and field productivity; and secondly by the appointment of a task oriented project team responsible from the appraisal drilling phase through commissioning. In the case of Fulmar an in-house management team of 95 people was established with about 170 more in the field at ten major fabrication sites. Although the project is still underway some fundamental observations can already be made. INTRODUCTION Project Management in the North Sea has received much deserved attention in the last few years, mainly because of the cost, size and complexity of the projects, the inherent uncertainty with which management must cope, and the severe consequences if planned schedules are not achieved. In terms of capital cost these projects compare with some of the largest engineering tasks ever tackles. Examples which come to mind are, for instance, the Hoover Dam on the Colorado River, constructed between 1930 and 1936 at a total project cost of some $385 million, (Ref. 1.), which relates in current day purchasing power(Ref. 2.), to a figure of some $2,000 million or £850 million; the Thames Barrier Project, the main construction of which started in 1975 and which is expected to be completed in 1982 at a final cost (in June 1979 price levels) of £430 million; or, related to the aircraft industry, where the total development and production cost for the initial production run of sixteen aircraft for the joint Anglo/French Concorde Project has been quoted (Ref. 3) as £1,850million. Impressive as these figures may be, and although they compare with field development costs for single platform type projects in the North Sea ranging from about 500 million for Fulmar and North Cormorant up to about £1,250million for the deeper water Magnus, they do not compare with the total field development costs of larger multi platform type developments such as Brent Field, where capital costs for construction inclusive of transportation for oil and gas, are now estimated to reach a staggering £3250 million, including some 500 million required for drilling of wells." @default.
- W1969576265 created "2016-06-24" @default.
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- W1969576265 date "1980-10-21" @default.
- W1969576265 modified "2023-09-26" @default.
- W1969576265 title "Project Management - Fulmar Field" @default.
- W1969576265 doi "https://doi.org/10.2118/187-1980-ms" @default.
- W1969576265 hasPublicationYear "1980" @default.
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