Nelson complexity index - Wikipedia

The Nelson complexity index (NCI) is a measure to compare the secondary conversion capacity of a petroleum refinery with the primary distillation capacity. The index provides an easy metric for quantifying and ranking the complexity of various refineries and units. To calculate the index, it is necessary to use complexity factors, which compare the cost of upgrading units to the cost of crude ...

What is the Future of the Nelson-Farrar Cost Indexes?

The Nelson-Farrar Cost Indexes The Nelson-Farrar Cost Indexes were started by Dr. W. L. Nelson and Dr. Gerald L. Farrar. The indexes were calculated and published in every issue each month by the Oil & Gas Journal and with quarterly summaries in the January, April, July, and October issues.

Chemical Economics: Prices, Costs, Production and Markets

Jan 18, 2019· Nelson-Farrar Cost Indices Published in Oil & Gas Journal, the monthly and quarterly "Nelson-Farrar" cost indexes cover refinery construction and operation, chemicals, labour and equipment. Note: no access after 2013.

News Updates - BakerRisk

Jun 04, 2020· The Nelson-Farrar Index Lives on With BakerRisk May 25, 2020 | Posted in News Example of monthly Nelson-Farrar Cost Index data published by the OGJ For approximately 60 years, the Nelson-Farrar Cost Index (NFCI) has been a key resource of cost escalation data in the oil industry.

Nelson-Farrar Cost Indexes | Oil & Gas Journal

Nelson-Farrar Cost Indexes. Jan 4th, 2016. Related Content; Exploration & Development. Equinor, Aker BP agree to coordinated development of NOAKA area. OGJ editors. Jun 11th, 2020. Refining.

Nelson-Farrar Cost Indexes | Oil & Gas Journal

Nelson-Farrar Cost Indexes. Aug 7th, 2017. Related Content; Economics & Markets. API: US petroleum demand recovered 14% between April and May. OGJ editors. …

Plant Cost Index Archives - Chemical Engineering

May 21, 2020· MAY 21, 2020 2020 CEPCI Updates: March (prelim.) and February (final) The preliminary value for the CE Plant Cost Index (CEPCI)…

Nelson-Farrar quarterly costimating; How indexes have ...

@article{osti_7143573, title = {Nelson-Farrar quarterly costimating; How indexes have risen}, author = {Farrar, G.}, abstractNote = {This paper reports that continuing a trend starting in 1983, the Nelson-Farrar refinery construction index rose slowly from 1211.6 in January 1990, to 1265.8 in December 1991. The labor component of the index rose at a more rapid rate than did the material component.

What is the Future of the Nelson-Farrar Cost Indexes?

Using the Nelson-Farrar Cost Indexes to adjust refinery construction and operation costs of $13 to $21/bbl. This excludes the cost of shale extraction. In comparison, the cost of building a new conventional refinery has been estimated to range between $2 and $4 billion as recently as 2001.

Equipment costs rise moderately (Journal Article) | OSTI.GOV

@article{osti_379926, title = {Equipment costs rise moderately}, author = {Farrar, G}, abstractNote = {The paper presents data on costs for the five equipment items which make up the Nelson-Farrar cost index. Equipment includes pumps and compressors, electrical machinery, engines, instruments, and heat exchangers. Data are also presented on refining costs, broken down into the following ...

How Nelson-Farrar indexes have changed (Journal Article ...

The accompanying table compares refinery construction and operating wages monthly for the years 1990 and 1991. The Nelson-Farrar refinery construction cost indexes are inflation indexes, while the operating indexes incorporate a productivity which shows improvement with experience and the increasing size of operations.

ExTool V4 | Swiss Re

ExTool V4 contains a valuation module. It allows to estimate the sum insured of whole refineries, steam crackers, some other petrochemical plants, and to escalate these values with established cost indexes such a Nelson Farrar and IHS CERA.

The Nelson-Farrar Index Lives on With BakerRisk - BakerRisk

May 25, 2020· For approximately 60 years, the Nelson-Farrar Cost Index (NFCI) has been a key resource of cost escalation data in the oil industry. Produced monthly, the NFCI helps refinery industry estimators, appraisers, project managers/planners, and other related professionals understand how much a refinery or process unit would cost to re-build or operate, based on a known cost in the past.

Oil & Gas Journal - October 2, 2017

Oct 02, 2017· Changes in the indexes for nonmetallic building materials Gary Farrar. Contributing Editor The accompanying table shows how Nelson-Farrar indexes have changed over the 3-year period, 2014-16, for selected basically nonmetallic building materials. Data are included for the overall nonmetallic group, five nonmetallic materials, and iron castings.

Nelson-Farrar cost indexes (Journal Article) | OSTI.GOV

The Nelson-Farrar refinery construction cost indexes are inflation indexes, while the operating indexes incorporate a productivity which shows improvement with experience and the increasing size of operations. The refinery construction wage indexes in the table show a …

nelson farrar cost index - Scalepaint-Diorama`s

The Nelson-Farrar Refinery Inflation Cost Index [2] is a composite of three sub-components (Material, Labor, and Misc. Equipment). Figure (8) – Common Industry Indices Comparison Even though the Nelson-Farrar Index appears to be significantly lower than the developed 'Pipeline' index as well as the CPI, it features however an up ...

Additional Cost/Price Indices - CHEN 425 - Process ...

Feb 20, 2020· Contains the Nelson-Farrar Cost Index for petroleum refinery construction. See the last few pages of the print issue. Process Engineering. UK trade magazine containing international plant cost indices. Look for "UK and International Plant Cost Indices" towards the back of each issue.

NELSON-FARRAR COST INDEXES | Oil & Gas Journal

NELSON-FARRAR COST INDEXES ... Fuel cost 100.9 384.5 443.8 425.9 421.5 447.3 431.1 411.6 ... They are compiled by Gerald L. Farrar, Journal Contributing Editor. Indexes of selected individual ...

Chemical plant cost indexes - Wikipedia

Nelson-Farrar Indexes, NF (originally known as the Nelson Refinery Construction Indexes): established in 1946 with a value of 100, the index is more suitable for petroleum or petrochemical business. Published once a month in the Oil and Gas Journal. Cost Indexes for different locations

Edinburgh Research Explorer

9 Nelson-Farrar Refinery Cost Index published in the Oil&Gas Journal is widely 10 used in the oil and gas industry; the Marshall and Swift equipment cost index, 11 which was published monthly in Chemical Engineering until April 2012 and is 12 now made available online (Marshall & …

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Nelson-farrar cost indexes. 04/04/2011 . Please login to access content. Subscribe to the OGJ Premium Archive. Gain access to over 30,000 technical & specialty articles with statistics & leading expert analysis on the latest in the global oil & gas industry. ...

Nelson–Farrar cost index - Oxford Reference

Nelson–Farrar cost index Source: A Dictionary of Chemical Engineering Author(s): Carl Schaschke. A method of determining the construction cost of a petroleum refinery or a process unit.

Historical Cost Indexes - RSMeans Online

Historical Cost Indexes The table below lists both the RSMeans historical cost index based on Jan. 1,1993 = 100 as well as the computed value of an index based on Jan. 1,2020 costs. Since the Jan. 1,2020 figure is estimated,space is left to write in the actual index …

Gary Farrar - President - Forrar Consulting | LinkedIn

Farrar Consulting issues the Nelson-Farrar Cost Indexes article monthly. Farrar Consulting issues the Nelson-Farrar Cost Indexes article monthly.

Estimated Nelson-Farrar quarterly costs: Annual indices ...

Nelson-Farrar (NF) indices of costs of petroleum refinery components, fuel, personnel, investment, productivity, chemical products, and operating the refinery and process units are posted for 1962 ...

Correlating the chemical engineering plant cost index with ...

A more recent example that we found regarded the Nelson–Farrar refinery cost index rather than the CEPCI, but it evidenced again the type of difficulty Caldwell and Ortego faced when trying this type of approach: Parker (2008) presented a graph where he plotted the fuel cost index against the construction cost index of the Nelson–Farrar ...

Yearly refinery construction indexes listed for 68 years ...

@article{osti_163251, title = {Yearly refinery construction indexes listed for 68 years}, author = {Farrar, G}, abstractNote = {Yearly values are presented for the Nelson-Farrar refinery inflation cost index since 1926. They are based on 1946 as 100, since that was the date of index inception. Values from 1926 to 1945 were back calculated.

equipment-cost-index.com

equipment-cost-index.com has been informing visitors about topics such as Marshall and Swift, Construction Cost Estimator and Costos de Equipos Industriales. Join thousands of satisfied visitors who discovered Business Calculator, Operating Costs Examples and Cost Estimating Software.