Professional Documents
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RISK MANAGEMENT
For Upstream & Downstream Oil & Gas Projects
24 – 26 July 2023 | Kuala Lumpur, Malaysia
This 3 full-day training is designed for participants to understand the engineering formulas and equations to become a competent
professional in managing estimates, projections, risks, uncertainties and secure financing for high value, high risk projects, from both the
on-shore and offshore Oil & Gas industry sectors.
This course can also be offered through Virtual Instructor Led Training (VILT) format.
DAY 1: INTERNATIONAL COST ENGINEERING PRACTICES DAY 2: APPLICATION E & P PROJECT AND OFFSHORE RIG
BUILDING PROJECT
Overview of Cost Models and Financing Structure Developing a Costing and Budgeting Model
Cost of Project Costing Selecting the Estimation Methods
Principles of Cost Estimation Interpreting Contractual Obligations and Impacts on Cost,
Source Based Costing Models Resources and Schedule
Activity Based Costing Models Commonly Experienced Variations
System or Process Based Costing Models BQ, Proprietary Equipment, Processes and Activity Based
Estimation
PSC, JVA & Consortium Members Costing Model
Allocation of Budgets and Performance Measures
Financing and Costing Structure Correlations
Case Study 1: Impact of Currency Fluctuations Review the possibility of simulating impact of risks due to late
Analysis of Currency Exchange Rate Fluctuations and Sanctions on the commencement and or late delivery of capital equipment.
Project Cost and Financing Arrangement. Groups based workshop on managing a time critical project with
high risk of losses, if delivery of the rig is delayed.
Delegates in Groups will review the impact and develop suitable
modifiers in the Costing Model provided.
Applying Cost Engineering Practices from Biding to Handing-Over “This training course exceeded my expectations. Mr Jayems is very
Stage in an Oil & Gas Pipeline Project effective and answers our questions in a simple and easy-to-understand
In an international Gas Transportation Pipeline project which is to manner. One word ‘Superb’,“
be executed in parallel at different geographical locations, the Marine Captain, Sarawak Shell
costing model can be quite complex. A project brief with tender bid
“Jayems is an obvious world class expert in Maritime Law Y & C/P
cost breakdown schedule will be provided as a reference. In this
Management. He has prepared an excellent course of sessions and
workshop the delegates shall analyse and capture various stages of genuinely tried to pass his experience to attendants. Anyone in OSV
costs and strategically develop the cost management model. The Chartering Business will benefit greatly from attending this course,”
following may be deliverables of the workshop: Assistant Contracts Manager, Maridive & Oil Services
Estimation Model
Budgeted Costs and Earned Value Plan “The course has been made successful specifically because of the
experience, knowledge and patience of the trainer, Mr Jayems Dhingra,”
Variations Monitoring and Control Process Group Legal Counsel,
Contingency Plans to arrest Cost Overruns Amsbach Marine Singapore
Total Project Cost and Value Added by Cost Engineering
“Knowledgeable and experienced trainer, conducted in an informed
Practices manner, makes it an enjoyable and very informative course,”
Team Leader Drilling Services,
International Best Practices for Total Cost Management Murphy Oil Corporation
Estimation Model
Budgeted Costs and Earned Value Plan
Variations Monitoring and Control Process
For more information and testimonials about this training, visit us at:
Contingency Plans to arrest Cost Overruns www.petroedgeasia.net
Total Project Cost and Value Added by Cost Engineering
Practices
Jayems Dhingra, during the last 47 year period, has worked and consulted in the industry verticals encompassing: Technology, Oil & Gas
Exploration & Production, Petrochemical Process Plants and Power Plant Construction Projects, Logistics & Warehousing, Marine,
Offshore, Oil & Gas Pipelines, Infrastructure Development Projects (Ports, Offshore Supply Bases, Oil & Gas Terminals and Airports etc),
EPCIC Contracts, and Shipyards, in South East Asia, Africa, Middle East, Americas and Europe.
He serves as the Principal Management Consultant with a management consultancy firm in Hong Kong and Singapore, specialising in the
fields of corporate management consultancy, international contracts reviews and alternative dispute resolutions services. He undertakes
special assignments for conducting audits and valuation of intangible properties involving proprietary processes for licensed production,
and licensing of intellectual property rights (IP Rights) in patents, trademarks, and industrial designs. He is frequently engaged for
assignments like due diligence, acquisitions, mergers, resolving various operational issues, technology transfer and agency services
contracts reviews, cost controls, and enhancement of Supply Chain Management. He has been conferred the credentials of Chartered
Valuer & Appraiser (CVA) by SAC and IVAS, in accordance with the international valuation standards setting body IVSC.
His consulting experience includes Charterparty Management, Business Process Re-engineering, Diversifications, Corporate
Development, Marketing, Complex Project Management, Feasibility Studies, Dispute Resolutions and Market Research.
He has successfully assisted Marine and offshore E & P clients in managing contractual disputes arising from various international
contracts for upgrading & conversion projects. He continues to be actively engaged in claims reviews, mediation, arbitration, litigation,
and expert witness related assignments, arising from international contracts and Charterparty Agreements.
He graduated with a bachelor’s degree in Electrical Engineering, MBA in General Management, Master of Technology in Knowledge
Engineering, Master of Science in Maritime Studies, and LL.M. (IP Law). He also holds professional qualifications in Business Valuations
and Appraisers for CVA, arbitration, law, and marine engineering, including the Chief Engineer’s First-Class Certificate of Competency
(MCA, UK).
He is further qualified and accredited as Certified International Arbitrator, Chartered Arbitrator, Sports arbitrator under CAS Rules, WIPO
Neutral, Australian Communications and Media Authority (ACMA) Bargaining Code Arbitrator, Accredited Adjudicator and Accredited
Mediator (Malaysia). He is admitted to the international panels of arbitrators and neutrals with WIPO, Geneva; ACICA, AMTAC and ACMA,
Australia; BVIAC (British Virgin Islands); JIAC (Jamaica); HKIAC Hong Kong; AIAC, Malaysia; AIADR, Malaysia; KCAB, Seoul, South Korea;
ICA, Delhi, India; ICC (Singapore); SISV, Singapore; SCMA, Singapore; SCCA, Saudi Arabia; VIAC Vienna, Austria; Thailand Arbitration Centre
(THAC), and Mediator with AIAC Malaysia, CMC, and SIMI Singapore.
DELEGATE DETAILS
Please note
Delegate 1 - Indicate if you have already registered by Phone + Email + Web
- If you have not received an acknowledgement before the training course, please
Mr Ms Mrs Dr Others: call us to confirm your booking.
- Photocopy this form to register multiple delegates.
Mr Ms Mrs Dr Others: All bank charges to be borne by payer. Please ensure that Asia Edge Pte Ltd receives
the full invoiced amount.