Cost

REL propose to employ their standard cost estimating procedure, which has been developed over the last 23 years, as the foundation for generating the decommissioning cost estimate. This procedure has been independently checked and benchmarked against estimates produced by heavy lift contractors. An level of accuracy of ±15% can be achieved depending on the accuracy of the available platdorm data, as-builts etc. Summary information on our previous experience in estimating decommissioning costs is contained in the case study/references section.

• A cost base which includes the cost of all the resources required to complete the decommissioning operation. These costs are based on updated regional marine equipment, personnel and equipment data available to REL, previous cost item data and commercial quotations received.
• Formulation of operational plannings and cost estimate spreadsheets which are linked to provide easy updating of estimates due to market fluctuations.

This procedure will be used to produce estimates for the scope of work outlined in the decommissioning proposal.
 

Some of our clients