Oil & Gas / Refinery / Pipeline
Typical Cost Breakdown of a New Chemical/ Process Related Facility
Constructed in an existing production / manufacturing facility with some available utilities – that may need some upgrading: This data is based on more than 40 EPC capital projects valued between $5 million & $150 million constructed in the last 5 years.
Estimate Review & Validation of Petrochemical / Oil & Gas / FPSO / Offshore Platform - Feed Study Estimate (AACEI Class 3 Estimate)
A number of major US-based automakers have committed billions of dollars in new CAPEX project funds in the last 12 to 24 months. These new projects will employ 1,000s of construction workers in the next couple of years: The following chart provides historical EPC benchmarks of some of these facilities:
CAPEX & OPEX International Refinery Cost per Barrel Benchmarks
CAPEX is an abbreviation for capital expenditures. It basically includes a company’s capital expenditures on physical/actual assets or facility improvements / upgrades for construction projects such as refineries, power plants, factories, food & beverage facilities, production units & building facilities.
Modularized Oil Refinery EPC Benchmarks
We Are Seeing a New Trend of Constructing Smaller “Modularized / Fast Track” 10,000 to 30,000 Barrel a Day Oil Refinery Projects Around the World.
Hydrogen Manufacturing Facilities
Forecasts suggest that $150 billion will be spent on new Hydrogen (H2) related EPC Capital Projects around the world in the next 5 years!
Oil & Gas Industry Benchmark # 1 Petro-Chemical & Gas Facilities – Engineering, Procurement and Construction (EPC) Benchmarking Data: (Data collected from 12 completed EPC projects in USA & Canada)
Typical Benchmark Percentages & Cost Ranges related to North American Petro-Chemical, Industrial & Gas Facilities. Applicable to New & Revamp CAPEX / Facility Projects with a Total Installed Cost (TIC) value between $10 million & $150 million.
CAPEX & OPEX Refinery Cost per Barrel a Day Benchmarks Total Installed Engineering, Procurement & Construction (EPC) 2018 Cost Basis
Oil & Gas Industry Benchmark # 1 Petro-Chemical & Gas Facilities – Engineering, Procurement and Construction (EPC) Benchmarking Data: (Data collected from 12 completed EPC projects in USA & Canada)
Inside Battery Limits Man-Hour Report:
Installation / Benchmark Man-hours for “Process” related Carbon Steel Pipe from recently completed Refinery / LNG / Chemical Projects located in US Gulf Coast (Texas):
Commodity Chemical Production Facility Estimating Template
This estimate summary covers all the main construction categories.
Chemical Facility Cost Estimate
This real-world cost data format will help you in your estimating efforts. Check back regularly as we update these every few months!
Floating Production Storage & Offloading Facility (FPSO – New Build)
Final Production Location Offshore West Africa. Fabricated in South East Asia – Towed to West Africa. A great benchmark tool for checking various costs per ton.