[ Commercial Aspects ]

Without being able to quote research or data, I’m going to speculate that many pipeline engineers out there don’t have a solid enough grasp of the commercial aspects of pipelines.

Along with CAPEX and OPEX, economic regulation, contracting strategies, go/no-go and FID points, there’s also the land acquisition and compensation options, procurement strategies, net present value calculations, and ‘covered’ pipelines to know about.

A key skill for any pipeline engineer is the ability to at least ‘ballpark’ the costs associated with engineering decisions made.  Even where safety is concerned, the level of cost impacts will influence decisions.  Follow the money.

===

PECS CA001 Commercial aspects fundamentals, # 18 of 35 core competencies.