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aspenONE Economic Evaluation for Oil & Gas

aspenONE Economic Evaluation for Oil & Gas enables you to rapidly and confidently evaluate capital investment projects early in the design process, to understand the economic implications of engineering decisions, and to manage the project.

As engineering designs change, costs are updated automatically. Because aspenONE Economic Evaluation translates the high-level design into a more detailed set of specifications, the resulting cost estimates are very accurate. They are also based on realistic market prices for labor and materials, instead of on rules-of-thumb or factors. aspenONE Economic Evaluation also offers project management capabilities.

• Fast costing, low personnel expenditure. Generate engineering and economic details automatically. Use engineering specifications for generating cost estimates based on conceptual design.
• Enhanced project management and execution. Create project schedules and detailed budgets. Define and manage contracts with third parties. Add changes in scope later in the project lifecycle.
• Accurate, reliable costing results. Perform costing scenarios. Automatically update costs as engineering specifications change, screen alternatives and analyze how changing assumptions affect economics.

• Facility engineers
• Cost estimators

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