Between 2010-2014, 75% of large E&P projects exceeded budget by 50% on average, and 50% of projects exceeded schedule by almost 40%.
Participating companies include:
BP, Chevron, ConocoPhillips, Eni, Equinor, ExxonMobil, Petrobras, Petronas, Saudi Aramco, Shell, Total, Woodside.
Published specifications include:
HV and LV switchgear, subsea trees, ball valves, piping valves and materials, air compressors, air driers, heat exchangers, centrifugal pumps, line pipe material, offshore cranes to API and EN standards, and pressure vessels.
JIP33 standards provide mutual benefits
Standardisation will create a mutually-beneficial outcome for industry by addressing safety, cost, schedule, quality and reliability
For full flyer with information about the Joint Industry Project follow this link