December 1, 2004 -- The Oxford Princeton Programme Inc, the world's leading provider of training solutions to the energy, commodity and derivative industries, brings together essential
engineering and economic factors for successful pipeline projects and provides an in-depth analysis of a pipeline's cost structure and its interrelations between all factors in its newest
course, Gas Pipeline Economics and Engineering - Crucial Factors to Successful Pipeline Projects.
"Pipelines form the main link in a gas chain and their economics are crucial to the viability of gas development projects," explains Andy Bowler, course director and director of SALGAS, a
gas-engineering consultancy.
"In recent years, gas pipeline projects propose to link gas to consuming areas up to 4000 km away. Major projects include Siberia to Japan, Bolivia to Brazil and the Dolphin Project in
the Middle East. Also, in many countries, where pipelines already exist, there are pressures for pipelines to be reopened to allow access by third parties. Because of these debated
issues, the industry is scrutinized evermore closely making an understanding of pipeline economics essential both for the success of new projects and the effective operation and
management of existing pipelines."
Addressing the above issues, this course explains these controversial questions:
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What are the motives behind these proposals and what factors determine the success or failure of such schemes
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What are the economic motives for such pressures and how do these compare with the conventional project economics approach
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What are the economics of building new pipelines to operate under an open access regime
Andy L Bowler, BSc, MSc, CEng, FIGasE, MInstPet, is a director of SALGAS, a gas-engineering consultancy. He formerly was director of the Centre for Natural Gas Engineering at Salford
University; prior to joining the University of Salford he was an operations engineer in the pipelines department of British Gas.
Les Priestley, co-director of Gas Pipeline Economics and Engineering - Crucial Factors to Successful Pipeline Projects and director of Springtide Management Consultants Ltd, carries out
international training and consultancy on commercializing and developing gas field discoveries. Before that he was managing director of the consultancy and technology transfer companies
of Essex University. His 25 years experience with KUFPEC, Total and BP included assignments and projects in many countries around the world. He has held senior management posts in
engineering, project management, contract negotiation, market development, project economics and planning.
About The Oxford Princeton Programme, Inc
The Oxford Princeton Programme, Inc. is the world's leading provider of training solutions to the energy, commodity and derivatives industries. In addition to PrincetonLive.com which
offers more than 20 energy and commodity web-based training modules, The Oxford Princeton Programme provides more than 70 instructor-led training courses. Designed for all levels of
expertise, courses include views of oil, power, liquefied natural gas and a variety of other energy, commodity and derivatives topics. For a complete list of courses and for other
information, visit http://www.oxfordprinceton.com.