ISO 15663 PDF

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PDF disclaimer. This PDF file may contain embedded typefaces. In accordance with Adobe’s licensing policy, this file may be printed or viewed. ISO (E). PDF disclaimer. This PDF file may contain embedded typefaces. In accordance with Adobe’s licensing policy, this file. INTERNATIONAL. STANDARD. ISO. First edition. Petroleum and natural gas industries —. Life cycle costing —. Part 1: Methodology.

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Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support? This part of ISO specifies requirements for undertaking life-cycle costing for the development and operation of facilities for drilling, production and pipeline transportation within the petroleum and natural gas industries.

The life-cycle costing methodology described in this part of ISO can be applied when making jso on any option which has cost implications for more than one cost element or asset phase, in order to estimate the cost difference between competing options. The process is applicable to a wide range of options, particularly when decisions are isl considered on the following: The basic methodology of this part of ISO is applicable to all asset decisions, but the extent of planning and management of the process uso on the magnitude of the costs involved and the potential value that can be created.


The methodology is of value when decisions are taken relating to new investments in projects. It also provides the means of identifying key cost drivers and oso a cost-control framework for these drivers, allowing effective cost control and optimization over the entire life of an asset. The scope of this part of ISO is limited to life-cycle costing. It is not concerned with determining the life-cycle cost iao an item of equipment, since then it would be necessary to determine all costs associated with that equipment during the life of the asset.

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BS EN ISO 15663-1:2006

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BS EN ISO – Petroleum and natural gas industries. Life cycle costing. Methodology

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