Oman summit to highlight EPC challenges
Muscat, February 19, 2014
More than 60 international oil, gas and petrochemical industry experts will be in Oman next month to discuss the challenges faced by both engineering, procurement and construction (EPC) contractors and project owners during project execution.
The third annual 'Oman EPC Projects Summit' is being held from March 9 to 12 at Crowne Plaza Hotel Muscat. It will be attended by leading representatives from the Ministry of Oil and Gas and Petroleum Development Oman, said the event organisers.
The summit will explore four key themes which include: Pricing of an EPC project, challenges faced by both EPC contractors and project owners during project execution, analysing best practices in contracting and procurement strategies, In-Country Value and local community contractors and risk management in EPC projects.
The conference includes presentations from international EPC contractors such as Samsung Heavy Industries, China HuanQiu Contracting & Engineering (a subsidiary of China National Petroleum Corporation), Maire Tecnimont, CH2M Hill, Saipem, Reliance Engineering Group, SNC Lavalin Arabia, Kentz Engineering International, Technip, Foster Wheeler, Galfar Engineering & Contracting and Cylingas Company (a unit of Emirates National Oil Company).
Regional oil and gas companies such as Saudi Aramco Total Refining and Petrochemical Company (Satorp), Kuwait Oil Company, Abu Dhabi Company for Onshore Oil Operations (Adco), Lukoil and RasGas Company will give presentations on their perspectives about EPC contracts and their experience in working on mega EPC projects with other stakeholders.
Mohamed Daoud, the manager for projects quality, Engineering and Major Projects at ADCO said: "The key challenges in executing critical and major projects are: project risks, technological problems and material delivery and guarantee of sources. Developing a project quality plan and reviewing the project matrix is essential in any EPC project."
The organisers said the pre and post-conference workshops, facilitated by Project Management Institute (PMI) and Kentz Engineering International will give delegates the chance to examine day to day challenges they face during the EPC project execution stage.
The topics include: Relationship management between multiple parties in an EPC project, estimation and cost control fundamentals for oil and gas EPC projects, optimising the tender process in your organisation and In-Country Value strategy development and realising its effects on bidding and contracting.-TradeArabia News Service