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Petroleum Asset Consulting

Conceptual Studies

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EPT engages some of the most experienced engineers and deploys state-of-the-art technology to provide best in class solutions for asset development. The conceptual work includes studies in the early stages of project development for both Greenfield units and Brownfield modifications. The studies can include Field Development, Basic Engineering, Process Simulation, Budgeting and determination of techno-commercial viability of projects and provides decision support to the stakeholders.

During the concept phase, many options can be evaluated before a large investment of engineering time is made. Typically, a base case is established, and other options are compared to the base case. Process modeling is used to develop the options. Sometimes lead time for delivery of equipment items can factor into selection of the best option. EPTs extensive cost database is used to compare the options and to select the most economic path forward.