<p><span lang="EN-GB">This document specifies the standard cost coding system (SCCS) that classifies costs, work hours and quantities for the assets and operations associated with the oil and gas industries including lower carbon energy activities. This document covers all life cycle phases of the assets and operations.</span></p>
<p><span lang="EN-GB">The SCCS is applicable to:</span></p>
<ul>
<li><span lang="EN-GB">cost estimation;</span></li>
<li><span lang="EN-GB">benchmarking;</span></li>
<li><span lang="EN-GB">cost monitoring and reporting;</span></li>
<li><span lang="EN-GB">collection of quantities, work hours and cost data;</span></li>
<li><span lang="EN-GB">exchange of cost data among organizations;</span></li>
<li><span lang="EN-GB">implementation in cost systems.</span></li>
</ul>
<p><span lang="EN-GB">This document also provides a basis for the establishment of:</span></p>
<ul>
<li><span lang="EN-GB">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, billing purposes, etc.;</span></li>
<li><span lang="EN-GB">unique project breakdown structures (e.g. work breakdown structures, contract breakdown structures and organizational breakdown structures) or asset breakdown structures (e.g. tag or system codes and area or module breakdown structures).</span></li>
</ul>
<p><span lang="EN-GB">This document is intended for the following users:</span></p>
<ul>
<li><span lang="EN-GB">operators or owners;</span></li>
<li><span lang="EN-GB">contractors;</span></li>
<li><span lang="EN-GB">vendors, manufacturers or suppliers;</span></li>
<li><span lang="EN-GB">authorities or regulatory bodies;</span></li>
<li><span lang="EN-GB">benchmarking companies;</span></li>
<li><span lang="EN-GB">consultants.</span></li>
</ul>
Registration number (WIID)
88670
Scope
<p><span lang="EN-GB">This document specifies the standard cost coding system (SCCS) that classifies costs, work hours and quantities for the assets and operations associated with the oil and gas industries including lower carbon energy activities. This document covers all life cycle phases of the assets and operations.</span></p>
<p><span lang="EN-GB">The SCCS is applicable to:</span></p>
<ul>
<li><span lang="EN-GB">cost estimation;</span></li>
<li><span lang="EN-GB">benchmarking;</span></li>
<li><span lang="EN-GB">cost monitoring and reporting;</span></li>
<li><span lang="EN-GB">collection of quantities, work hours and cost data;</span></li>
<li><span lang="EN-GB">exchange of cost data among organizations;</span></li>
<li><span lang="EN-GB">implementation in cost systems.</span></li>
</ul>
<p><span lang="EN-GB">This document also provides a basis for the establishment of:</span></p>
<ul>
<li><span lang="EN-GB">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, billing purposes, etc.;</span></li>
<li><span lang="EN-GB">unique project breakdown structures (e.g. work breakdown structures, contract breakdown structures and organizational breakdown structures) or asset breakdown structures (e.g. tag or system codes and area or module breakdown structures).</span></li>
</ul>
<p><span lang="EN-GB">This document is intended for the following users:</span></p>
<ul>
<li><span lang="EN-GB">operators or owners;</span></li>
<li><span lang="EN-GB">contractors;</span></li>
<li><span lang="EN-GB">vendors, manufacturers or suppliers;</span></li>
<li><span lang="EN-GB">authorities or regulatory bodies;</span></li>
<li><span lang="EN-GB">benchmarking companies;</span></li>
<li><span lang="EN-GB">consultants.</span></li>
</ul>
