| Summary: | Master's thesis in Offshore technology: Industrial asset management The development of petroleum field generates substantial values for Norway. In every development project there is always “local” and “global” contentment and Norwegian value creation depends on the combination of the two. Principally, Norwegian value creation is equal to contract value minus the value of imported goods and services for fabrication in Norway and value of Norwegian goods and services used in the fabrication for fabrication outside Norway. In this thesis, Norwegian value creation is defined as a fraction of field development cost that is delivered by Norwegian companies, measured in percentage. Cost estimation is performed using Acona Cost Estimation Software (ACES) software which breakdown field development cost into facilities-based costs and activity-based costs. This thesis estimates and analyzes Norwegian value creation in four different development projects namely Edvard Grieg, Ivar Aasen, Aasta Hansteen, and Gjøa. The four projects are chosen to represent the combination of fixed and floating production platform, dry tree and wet tree (subsea) wells, and local and foreign fabrication of platform. The analysis encompasses analysis of Norwegian value creation in facilities development and well development. Analysis of facilities development comprises 5 main facilities: (1) topside, (2) substructure, (3) subsea system, (4) export pipelines, and (5) power/fiber optic cables, and for every facility 5 main activities are examined: (i) fabrication, (ii) engineering, (iii) procurement, (iv) marine operation, and (v) project management. Analysis of well development covers 2 main activities: drilling service and well completion. The estimation result shows for facilities development Edvard Grieg generates the largest Norwegian value creation among the four projects estimated at 64% of facilities development cost. Subsequent analysis then shows fabrication and procurement activities of topside account for the biggest development cost ...
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