CAPITAL COSTS ESTIMATION METHOD FOR ARCTIC OFFSHORE OIL PROJECTS M.A. Kuznetsov, P.A. Tarasov, K.K. Sevastyanova, S.A. Nekhaev, LLC RN-SakhalinNIPImorneft This paper describes an approach to offshore oil field development capital costs estimation on the early stages of a project life. The proposed methodology is based on the use of parametric methods and correlations derived from the worldwide actual projects data. The result of research is a group of models, which statistical error is acceptable for a conceptual design.
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