Return to search

Reliability modeling for capital project decisions

Exploration and Production (E&P) project costs within the oil industry are continuously increasing reflecting a reality of more harsh environments, remote locations with minimal existing infrastructure and cost increases for materials and skilled resources. The significant capital expenditures translate to a number of projects either for new or revamped production facilities. Successful project completion requires a series of correct decisions throughout the project life-cycle namely design, construction, operations, maintenance and decommissioning.

Using a Reliability, Availability and Maintainability (RAM) model as part of the project decision process is an E&P industry best practice that recently gained acceptance in Hess Corporation. This paper presents the RAM methodology and the gains from its application in a capital project. / text

Identiferoai:union.ndltd.org:UTEXAS/oai:repositories.lib.utexas.edu:2152/ETD-UT-2010-08-1629
Date05 January 2011
CreatorsPoulassichidis, Antonios
Source SetsUniversity of Texas
LanguageEnglish
Detected LanguageEnglish
Typethesis
Formatapplication/pdf

Page generated in 0.0019 seconds