The Elixir team is highly experienced to carry out concept & feasibility studies which empower all our clients to make informed decisions about their future growth plans. We will highlight all the risks involved in new developmental projects at the early stage of the projects and advise any possible changes required to save cost on rework during execution. Ultimately, the investment in the study will pay itself back easily with fewer risks & better chances of success.
Concept Option Screening and Selection provides the link between field development planning and FEED. Concept selection (pre-FEED) adds a further level of detail to the option selected at the conclusion of Concept Select to achieve more precise definition, a better cost estimate and, ultimately, a scope of work for FEED.
A single, well-defined option is selected to complete the conceptual phase which includes:
- Identifying the various process schemes
- Process scheme optimisation
- Review of technologies for each process scheme and selecting the technology to achieve the requirement.
- Finalisation of field architecture and the development of Process Flow Diagram
- Process simulation
- Preliminary P&ID development
- Facility location finalization and layout development
- Issue of enquiries for long lead or high cost items
- Cost estimating and economic assessment
- Project schedule enhancement
- Engagement with all necessary stakeholders if required
- Development of risk mitigation plans
- Project execution plan and contracting strategy finalisation
- Basis for Design (BFD)
- FEED Scope of Work
As a result of Concept Definition, the development enters FEED with a well-defined option in which:
- Major design decisions have been made;
- Risks and uncertainties are understood and mitigated where appropriate;
- The execution approach, cost estimate, budgets and schedules are clear and complete.
