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Environmental Parametric Cost Model in Oil and Gas EPC Contracts

descriptionPublicationkeyboard_double_arrow_right Article , Journal 18 Jan 2018Publisher:MDPI AGJournal:Sustainability, volume 10, page 195 (eissn: 2071-1050,

Authors: Madjid Abbaspour; Sanaz Toutounchian; Tooraj Dana; Zahra Abedi; Solmaz Toutounchian;

doi: 10.3390/su10010195

Environmental Parametric Cost Model in Oil and Gas EPC Contracts

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Abstract

This study aims at identifying the parameters that govern the environmental costs in oil and gas projects. An initial conceptual model was proposed. Next, the costs of environmental management work packages were estimated, separately and were applied in project control tools (WBS/CBS). Then, an environmental parametric cost model was designed to determine the environmental costs and relevant weighting factors. The suggested model can be considered as an innovative approach to designate the environmental indicators in oil and gas projects. The validity of variables was investigated based on Delphi method. The results indicated that the project environmental management’s weighting factor is 0.87% of total project’s weighting factor.

Related Organizations

Sharif University of Technology
Iran (Islamic Republic of)
Islamic Azad University of Falavarjan
Iran (Islamic Republic of)
Islamic Azad University of Falavarjan
Iran (Islamic Republic of)
Sharif University of Technology (Sharif Policy Research Institute)
Iran (Islamic Republic of)
Sharif University of Technology (Sharif Policy Research Institute)
Iran (Islamic Republic of)

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Keywords

weighting factor (WF), Environmental effects of industries and plants, work breakdown structure (WBS), parametric model, TJ807-830, TD194-195, environmental management costs, Renewable energy sources, cost breakdown structure (CBS), Environmental sciences, EPC contracts, GE1-350

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