UPSTREAM EP ADVISORS
Where Technical Insight Meet Business Solutions
Capital Project Development Management
We can help you in your capital project development . . .
The capital project you build today will provide strong cashflow tomorrow. Creating and preserving value is critical, we can help you during project lifecycle (Identify, Asses, Select and Define).
Whether you are an 'operator' or 'non-operating' partner in a capital project, we provide Front-End Development Management expertise and advise in oil & gas and other capital projects during projects lifecycle (Identify / Assess / Select / Define phases for Onshore /offshore/ Deepwater / CCs projects
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If you don't have a corporate process for capital project management, we can also help you develop a stage gated process and train your staff to manage your capital projects.
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Project or opportunity development is a stage gated process, it consists of six stages; Identify, Assess, Select, Define, Execute an Operate. The first four stages are referred to as Front-End
Here are few things you need to note in a capital project management:
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Opportunity /Project Framing: It is most critical activity before you start the project.
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objectives, value drivers, risk management plans, stakeholder plans and road maps to FID
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Value Identification & Creation: Most value is created in first four phases (mostly in 1st three)
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Value Preservation & Realization: Value is realized & preserved in Execute & Operate Phases
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Front-End Development Manager (FEDM): Manages the Identify, Assess & Select phases
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Project Execution Manger (PEM): Manages the Define & Execute phases
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Front-End Loading (FEL): is a detailed data gathering to assess reservoir complexity and develop appraisal strategy to de-risk the opportunity
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CAPEX/OPEX & Development schedule are progressively developed in each subsequent phases.
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Decision Quality & Risk Management and mitigation plans are refreshed in each phase
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Value Improvement Practices; These practices improve the value of the project before execution:
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Standardization & Replication,
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Competitive Scoping
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Value Assurance Reviews are done for compliance and value preservation at each stage gate.