Cost Estimating

With over 30 years’ experience, a global team of cost estimating experts, and a suite of innovative proprietary tools, Genesis is well-positioned to provide life of project cost estimating services to support the energy transition as well as new and existing hydrocarbon initiatives. 

• A global community of highly experienced cost estimators with knowledge of 1000s of projects in all regions of the world;
• Rigorous, bottom-up estimates for capital, operating and decommissioning & abandonment costs;
• Proven track record of cost estimating for frontier and complex projects;
• Rapid cost estimating of development options;
• Access to project outturn costs for assurance and benchmarking;
• Transparent, flexible estimating, with full client collaboration;
• Support from our parent company, Technip Energies 

Our comprehensive Cost Estimating services include:

• AACE Class 5 Feasibility Cost Estimating;
• AACE Class 4 Concept Select Cost Estimating;
• AACE Class 3 FEED Cost Estimating;
• Project life-cycle cost estimating;
• Cost Assurance and Benchmarking;
• Cost auditing and verification;
• Cost Risk Analysis;
• Insurance and Financial Valuations

Genesis uses a suite of internal, proprietary cost estimating tools:

• Asset Development Evaluation & Planning Tool (ADEPT) (Greenfield, CAPEX, OPEX, DRILLEX);
• Brownfield Cost Estimating;
• Class 3 Cost Estimating Tool
• Subsea Cost Estimating Tool;
• Decommissioning & Restoration Cost Estimating Tool;
• Detailed Operational Expenditure (OPEX) Tool:
• Ultra Front End™ (UFE™) Suite;
• Access to commercially available software & databases.

Our flexible tools allow Genesis to excel at developing cost estimates for a range of challenging projects, including but not limited to:

• Renewable energy and Decarbonisation including Carbon Capture, Utilisation & Storage Electrification and Hydrogen;
• Challenging locations (Frontier Developments & Remote Locations, Arctic and sub-Arctic, extreme shallow water, extreme deep water);
• LNG/FLNG, Regasification;
• Downstream and Petrochemicals;
• Late Field Life Operation/Extension.