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  • BSI
    BS EN ISO 19008:2018 Standard cost coding system for oil and gas production and processing facilities
    Edition: 2018
    $316.70
    / user per year

Description of BS EN ISO 19008:2018 2018

This International Standard describes the standard cost coding system (SCCS) that classifies costs and quantities related to exploration, development, operation and removal of oil and gas production and processing facilities and to the petroleum, petrochemical and natural gas industry. Upstream, midstream, downstream and petrochemical business categories are included.

The SCCS for coding of costs is applicable to:

  • cost estimating;

  • actual cost monitoring and reporting;

  • collection of final quantities and cost data;

  • standardized exchange of cost data among organizations;

  • implementation in cost systems.

This International Standard is intended for users such as the following:

  1. owner/operator/company (individual or grouped entity that is entitled or contributes to operations in the exploitation of oil and gas fields);

  2. industry/trade associations;

  3. manufacturers/contractors;

  4. cost engineering service contractors, cost system providers, benchmarking providers, etc.;

  5. authorities/regulatory bodies.

This International standard does not apply to the following:

  1. cost classification relevant to cost accounting rules, specific contractual agreements, local requirements for cost reporting to national bodies, government rules and tax regulations, authorization for expenditure (AFE), billing purposes etc.;

  2. specific project breakdown structures (e.g. work breakdown structures, contract breakdown structures, organizational breakdown structure) or asset breakdowns (e.g. TAG/system codes, area/module breakdown structure) which are and will remain unique.

However, this International Standard can provide a basis for the establishment of such specific classification systems.



Standard NumberBS EN ISO 19008:2018
TitleStandard cost coding system for oil and gas production and processing facilities
StatusUnder Review
Publication Date2018-04-30
Identical National Standard OfEN ISO 19008:2018, ISO 19008:2016
DescriptorsCodes, Cost accounting, Production, Oils, Gases, Industrial facilities, Production processes, Natural gas, Costs, Petroleum, Industries
ICS75.020 Extraction and processing of petroleum and natural gas
CommitteePSE/17
ISBN978 0 580 97763 3
PublisherBSI
Pages22

About BSI

BSI Group, also known as the British Standards Institution is the national standards body of the United Kingdom. BSI produces technical standards on a wide range of products and services and also supplies certification and standards-related services to businesses.
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