- 18 January 2018
- 18:00 - 20:00
- Double Tree by Hilton
Please Note: Following the launch of our Corporate Partnership packages, the Corporate Member rate shown is only applicable to those employees of Members who have not reached their renewal date. The correct rate will be automatically displayed at check out.
Corporate employer ticket: FREE
Corporate member ticket: FREE
Non member ticket: £10.00
Member ticket: FREE
How to use net present value (NPV) to gain project approval
The net present value (NPV) calculation is a black box to most. This event will demonstrate how and when to use NPV with two offshore projects examples that show how changes alter and hopefully increase the NPV.
This presentation will outline the significance of the net present value calculation in project approvals. A calculation tool will be outlined and the use of the tool described.
The presentation starts with an introduction to the NPV calculation and a demonstration of the calculations. For illustration two examples will be shown. First the benefits to NPV by the elimination of operating cost using remote control from onshore and second the benefits of reducing the decommissioning cost estimate.
When to use the tool will be discussed. The paper will explain why the period of feed is the best time to investigate improvements to the project using the NPV tool.
Alan William Stokes C Eng, RINA has had 50 years of management and project engineering experience within the international offshore and shipbuilding industries. He has worked directly on 40 oil and gas fields in the North Sea and with first-hand knowledge of a further 25. Most of his greenfield projects were worldwide ‘first of a kind’. Following his greenfield work he became experienced in brownfield topsides modification. He is leading decommissioning work for the last 9 years.
This event is suitable for professionals with an intermediate level of experience.
Future events and information can be found on the Scotland branch community page.
APM Body of Knowledge reference