Introduction

A Feasibility Study is a structured evaluation conducted at the early stage of a project to determine the technical, operational, and safety viability of a proposed development or modification.
In the Oil & Gas industry, it integrates engineering concepts, process safety considerations, and operational constraints to assess whether a project can be safely and efficiently implemented before proceeding to detailed design.

Purpose

• Evaluate the technical feasibility of proposed concepts or design options
• Identify key risks, constraints, and opportunities at an early stage
• Assess safety, operability, and environmental considerations
• Compare alternative options to support informed decision-making
• Define preliminary design basis and project scope
• Support investment decisions and project planning

Outcomes

• Assessment of viable design options with comparative analysis
• Identification of key risks and constraints (technical, safety, environmental)
• Preliminary process and safety considerations integrated into concept selection
• High-level cost and schedule insights (where applicable)
• Recommendations for preferred concept or development pathway
• Improved confidence for decision-makers and stakeholders
• Structured Feasibility Study report supporting project approval and next phases