Project: XXX Prepared By: VK

Location: XX Date: 18-Feb-17

Rev: 0
For most Oil & Gas projects, Engineering costs generally ranges
between 5-15% of the overall CAPEX, depending on scope, project
Thumb Rules for Engineering Costs size, complexity, brownfield / greenfield etc.
Typical Indicative engineering costs for the various projects
The percentage will be on the lower end for a larger CAPEX and will
tend to be on the higher end for smaller CAPEX projects

Indicative CAPEX for the various projects $100 mil $200 mil $500 mil $600 mil $1,000 mil
Indicative Indicative Indicative Indicative
Indicative Project 1 % of Project 2 % of Project 3 % of Project 4 % of Project 5
% of CAPEX CAPEX CAPEX CAPEX CAPEX
Concept work 0.50% $0.5 mil 0.50% $1.0 mil 0.20% $1.0 mil 0.20% $1.2 mil 0.15% $1.5 mil
Pre-FEED Engineering 1.00% $1.0 mil 1.00% $2.0 mil 0.40% $2.0 mil 0.40% $2.4 mil 0.25% $2.5 mil
FEED Engineering 2.00% $2.0 mil 2.00% $4.0 mil 1.50% $7.5 mil 1.25% $7.5 mil 1.00% $10.0 mil
Detailed Engineering 7.50% $7.5 mil 6.00% $12.0 mil 6.00% $30.0 mil 6.00% $36.0 mil 3.50% $35.0 mil
Procurement services 2.00% $2.0 mil 1.50% $3.0 mil 1.00% $5.0 mil 1.00% $6.0 mil 1.00% $10.0 mil
Follow-on Engineering 1.50% $1.5 mil 1.50% $3.0 mil 1.00% $5.0 mil 1.00% $6.0 mil 0.50% $5.0 mil
Site Survey Works 0.50% $0.5 mil 0.50% $1.0 mil 0.50% $2.5 mil 0.50% $3.0 mil 0.25% $2.5 mil
Expected indicative % (of total CAPEX) for
all scope 15.0% 13.0% 10.6% 10.4% 6.7%
Expected cost for all scope $15.0 mil $26.0 mil $53.0 mil $62.1 mil $66.5 mil

Note:
All values are including any project management, project support and other indirect disciplines as required

489415956.xlsx 09/03/2020