Arveng develops Feasibility and Conceptual Studies as an instrument that serves to make decisions in the evaluation of a project. It is formulated based on information that has the least possible uncertainty to measure the chances of success or failure of an investment project. These studies are fundamental since they will set the standard in the following phases of the project, mainly during Basic and Detail Engineering.
After setting the objectives of the project and defining the applicable regulatory framework according to the location and type of project, we focus on the following aspects:
Comparisons are made during the conceptual study phase to evaluate the technologies and mitigate the risk. First, the available information is carefully examined to confirm the design of the processes and to challenge the assumptions in order to guarantee their optimization, from a technical, economic and safety point of view. Finally, constructability is studied and cost analysis are carried out that provide the key conclusions for the following phases.
Some of the activities and scope during the Conceptual Engineering phase are...
Preliminary process studies using simulation software
Process description and operation philosophy
Pre-design of main equipment
Flow diagrams | cause-effect matrix of processes
Constructability analysis of the main equipment
Economic evaluation and profitability calculation