Key words: cost engineering, cost estimation, cost control, cost data.
The paper describes results of the development of cost engineering in Gazprom Neft. Analysis of the global experience reveals best practices of cost engineering in areas of cost estimation, cost control and cost data management. Approbation of the best practices in Gazprom Neft key assets has shown significant potential for further developing cost engineering in Gazprom Neft. As a result a road map of development of cost engineering was formed. It includes organizational change, improving cost estimating, cost control procedures and creating of cost data management.
