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  • BSI
    BS EN ISO 15663:2021 Petroleum, petrochemical and natural gas industries. Life cycle costing
    Edition: 2021
    $569.57
    / user per year

Description of BS EN ISO 15663:2021 2021

This document specifies requirements for and gives guidance on the application of life cycle costing to create value for the development activities and operations associated with drilling, exploitation, processing and transport of petroleum, petrochemical and natural gas resources. This document covers facilities and associated activities within different business categories (upstream, midstream, downstream and petrochemical).

The life cycle costing process as described in this document is applicable when making decisions between competing options that are differentiated by cost and/or economic value. This document is not concerned with decision-making related to the economic performance of individual options or options differentiated by factors other than cost or economic value.

Guidance is provided on the management methodology and application of life cycle costing in support of decision-making across life cycle phases. The extent of planning and management depends on the magnitude of the costs involved, the potential value that can be created and the life cycle phase. It also provides the means of identifying cost drivers and provides a cost-control framework for these cost drivers, allowing effective cost control and optimization over the entire life of an asset.



Standard NumberBS EN ISO 15663:2021
TitlePetroleum, petrochemical and natural gas industries. Life cycle costing
StatusDefinitive
Publication Date2021-05-05
ReplacesBS EN ISO 15663-1:2006, BS ISO 15663-2:2001, BS ISO 15663-3:2001
Identical National Standard OfENISO 15663, ISO 15663
DescriptorsPipelines, Drilling (mineral extraction), Cost accounting, Costs, Mathematical calculations, Life (durability), Natural gas, Life cycle, Petroleum extraction, Petroleum, Pipeline transportation, Natural gas extraction, Petroleum technology
ICS75.020 Extraction and processing of petroleum and natural gas
CommitteePSE/17
ISBN978 0 539 06171 0
PublisherBSI
Pages114

About BSI

BSI Group, also known as the British Standards Institution is the national standards body of the United Kingdom. BSI produces technical standards on a wide range of products and services and also supplies certification and standards-related services to businesses.
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