Criteria for IPTC Award Submissions
Eligibility
- To be eligible for nomination and consideration by the Award Committee, a company shall have made a distinct and unique achievement in the successful execution of an integrated E&P or natural gas project.
- To be eligible for nomination, a project must involve expenditure above USD 500 million.
- The project must have been completed first gas or oil prior to 1
January of the award year.
- For companies wishing to submit their projects for the IPTC scheduled 26-28 March 2013 in Beijing, China, the nominated projects must have completed first gas or oil prior to 1 January 2012.
- For companies wishing to submit their projects for the IPTC scheduled 20-22 January 2014 in Doha, Qatar, the nominated projects must have completed first gas or oil prior to 1 January 2013.
- The project must have been completed within the past five (5) years.
- There are no limitations regarding the nationality or geographic operation for a company to be nominated. The term company shall include any size or type of commercial organisation and institution. Companies may submit up to three (3) project nominations. Jointly developed projects are eligible for nomination and the project will be counted as 1 out of the 3 submissions per company. Project submissions by company subsidiaries will account as 1 of the 3 submissions allowed per company.
Criteria
Award nominations and submissions will be evaluated on the following criteria:
- Project Elements (Full Value Chain from Exploration to Production) (10%)
- Project Impact (Local/Regional/International) (20%)
- Use of New Technologies (20%)
- Subsurface and Surface Integration Aspects (20%)
- Project Execution (HSE, Budget, Timing Challenges) (30%)
For inquiries please contact iptc@iptcnet.org.
