“…1) The contingency cost of oil and gas field surface engineering is generally estimated by the rate method based on a ratio of surface engineering construction investment. In the evaluation stage of overseas oil and gas acquisition projects, the contingency rate can be expressed by risk factors in terms of connotation [4] . The estimate of contingency can be expressed in Formula 1.…”
Section: Design Of Monte-carlo Simulation Estimation Methods Of Conti...mentioning
confidence: 99%
“…CRYSTAL BALL software was used for the simulation analysis. Calculation of unforeseeable fees for equipment materials is as follows: Pr = 0.1339Pr 1 + 0.1260Pr 2 + 0.2047Pr 3 + 0.3701Pr 4 + 0.1654Pr 5 (4) The results are shown in Fig. 1 and Fig.…”
“…1) The contingency cost of oil and gas field surface engineering is generally estimated by the rate method based on a ratio of surface engineering construction investment. In the evaluation stage of overseas oil and gas acquisition projects, the contingency rate can be expressed by risk factors in terms of connotation [4] . The estimate of contingency can be expressed in Formula 1.…”
Section: Design Of Monte-carlo Simulation Estimation Methods Of Conti...mentioning
confidence: 99%
“…CRYSTAL BALL software was used for the simulation analysis. Calculation of unforeseeable fees for equipment materials is as follows: Pr = 0.1339Pr 1 + 0.1260Pr 2 + 0.2047Pr 3 + 0.3701Pr 4 + 0.1654Pr 5 (4) The results are shown in Fig. 1 and Fig.…”
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