Past Presentation - OPERA AGM and Presentation - Valuations and cost trends in the process industries
Speaker:
James Arthur - Riskology
Presentation Synopsis:
Topics covered will include methods of estimating the valuation of process plant.
There will be discussion on the benefits of a site survey compared to historical costs and include a review of some of the key elements such as labour and material costs. There will be a review of recent changes to costs and how individual elements make a difference to the overall cost of the complete plant.
There will also be comparison of plant cost compared to throughput of typical process units and how recent escalation have made a difference to different facilities.
We will include a view on “crystal ball gazing” and discussion on Actual Cash Values and Reinstatement as New values with a review of what these terms mean.
Speaker Bio:
While completing a mechanical engineering apprenticeship James took certificates in mechanical engineering and metallurgy at the University of Hertfordshire, after which, he joined the Royal Navy as a Marine Engineer Artificer.
James started valuing in 1984 with loss adjusters Toplis and Harding and began risk surveying with Thomas Howell before he moving to Indonesia in 1995. As President Director of Synergy Risk Management Consultants until 2006 providing risk management advice in South-East Asia. He founded Riskology in 2006 expanding the business into the Middle East and Africa.
The company which continues to advise insurers and major oil and energy companies with a specialist team that provides highly detailed asset valuations, risk surveys and drilling surveys. These include upstream and downstream operations both onshore and offshore and that include sub-sea facilities and Floating Production Storage Offloading operations.
He is a member of the Association of Cost Engineers in the United Kingdom.
This presentation and associated video can be found in the OPERA Members Area - accessible to currently subscribed OPERA Members.