ENGINEERING, PROCUREMENT, AND CONSTRUCTION
Why Our Way To Develop Projects Fails To Minimize Capex—Part 2
In the first part of this series, the author explained why the current way of performing FEED does not allow minimization of costs by optimizing the design. In this article, he describes how the current contractual setup of the EPC also fails to minimize the costs of equipment/materials and works.
Why Our Way To Develop Projects Fails To Minimize Capex—Part 1
In this first of a two-part series, the author describes why the use of lump sum contracts for FEED services contract followed by an EPC contract does not fulfil the requirements to lower oil and gas facilities capex.
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02 May 2019