CRINE - COST REDUCTION INITIATIVE FOR THE NEW ERA

CRINE (Cost Reduction Initiative for the New Era) is a dynamic and positive UK Continental Shelf response to the pressure of competition in the world of oil and gas. It is an industry wide initiative with the main objective of making it possible to achieve a 30% or more reduction in capital cost for any future oil and gas facilities development. This cost reduction will, without prejudicing safety or protection of the environment, continue to maximise the remaining recoverable reserves, improve the construction industry's competitiveness in the international arena and thereby help sustain employment at a higher level than would otherwise have been possible. The paper discusses the background and origins of CRINE and its role in the oil and gas industry.

• Supplemental Notes:
  • Inst Marine Engrs Trans, v 107 pt 1, 1995, p 1 [11 p, 4 ref, 1 tab, 7 fig]
• Authors:
  • Tuft, V
• Publication Date: 1995

Language

• English

Subject/Index Terms

• TRT Terms: Cost control; Gas industry; Petroleum industry
• Uncontrolled Terms: Cost reduction
• Old TRIS Terms: Offshore industry
• Subject Areas: Finance; Marine Transportation;

Filing Info

• Accession Number: 00717210
• Record Type: Publication
• Source Agency: British Maritime Technology
• Files: TRIS
• Created Date: Mar 4 1996 12:00AM