BS EN ISO 15663:2021 - Petroleum, petrochemical and natural gas industries. Life cycle costing

BS EN ISO 15663:2021

Petroleum, petrochemical and natural gas industries. Life cycle costing

Status : Current   Published : May 2021



This document specifies requirements for and gives guidance on the application of life cycle costing to create value for the development activities and operations associated with drilling, exploitation, processing and transport of petroleum, petrochemical and natural gas resources. This document covers facilities and associated activities within different business categories (upstream, midstream, downstream and petrochemical).

The life cycle costing process as described in this document is applicable when making decisions between competing options that are differentiated by cost and/or economic value. This document is not concerned with decision-making related to the economic performance of individual options or options differentiated by factors other than cost or economic value.

Guidance is provided on the management methodology and application of life cycle costing in support of decision-making across life cycle phases. The extent of planning and management depends on the magnitude of the costs involved, the potential value that can be created and the life cycle phase. It also provides the means of identifying cost drivers and provides a cost-control framework for these cost drivers, allowing effective cost control and optimization over the entire life of an asset.

Standard NumberBS EN ISO 15663:2021
TitlePetroleum, petrochemical and natural gas industries. Life cycle costing
Publication Date05 May 2021
Normative References(Required to achieve compliance to this standard)ISO 19008:2016, ISO 14224:2016, ISO 20815:2018
Informative References(Provided for Information)ISO/TS 3250:—, ISO/TR 12489:2013, ISO Guide 73:2009, ASTM E1699-14:2020, ISO Guide 82:2019, ISO/IEC Guide 51:2014, ISO Guide 84:2020, ISO 31000:2018, ISO 14007:2019, ISO 55000:2014, ISO 9001:2015 ADVANCED ACCESS, ISO 9001:2015 (Spanish), ISO 21500:2012, ISO 26000:2010, IEC 60050-192:2015, ISO 29001:2020, IEC 60300-3-3:2017, ISO 9000:2015 Advanced Access, EN 12973:2020, ISO 9001:2015, ISO 20400:2017, ISO 9000:2015
ReplacesBS EN ISO 15663-1:2006, BS ISO 15663-3:2001, BS ISO 15663-2:2001
International RelationshipsEN ISO 15663:2021,ISO 15663:2021
Draft Superseded By19/30401548 DC
DescriptorsNatural gas extraction, Cost accounting, Pipelines, Life (durability), Drilling (mineral extraction), Petroleum technology, Petroleum, Life cycle, Mathematical calculations, Pipeline transportation, Petroleum extraction, Natural gas, Costs
Title in FrenchIndustries du pétrole et du gaz naturel. Estimation des coûts globaux de production et de traitement
Title in GermanErdöl- und Erdgasindustrie. Betriebsdauerkosten
ISBN978 0 539 06171 0
File Size6.81 MB

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