Definition: The acronym “EPCM” stands for “Engineering, Procurement and Construction Management”. It may also be called “EPCS” for “Engineering, Procurement and Construction Services” or “PMS” for “Project Management Services”. As expressed clearly in the “PMS” definition, the “EPCM” refers to very different role from the “EPC” where the engineering company having the “EPCM” contract, supports […]
ReadDefinition: The acronym “EPC” stands for “Engineering Procurement and Construction”. Sometimes “EPCC” may be used for “Engineering Procurement, Construction and Commissioning”. In both cases, it refers to the execution phase following the “FEED” during which the engineering companies design all the details of the project for execution, proceed to the procurement of all the equipment […]
ReadDefinition: This acronym “FEED” stands for the “Front End Engineering and Design” of a project. The “FEED” may also be called “Basic Design” or even “Basic”. This phase follows the “Feasibility Study” to describe in more details the different technical and financial options considered during the feasibility study. The “FEED” will define the process, the […]
ReadDefinition: The “Feasibility study” is the first stage of a project during which the End User generally supported by an engineering company will investigate the most convenient technologies or processes to be used. This “Feasibility study” will also integrate all the corresponding costs aspects. The conclusions of the “Feasibility study” are barely a straight forward […]
ReadDefinition: An Oil & Gas and Petrochemical Project refers to an investment planned in the future by an End User or an operator. By definition the word “Project” shall be used until this investment turns into a formal order for execution when the “Project” becomes therefore a “Contract”. Comment: Compared with other businesses, the border line […]
ReadWinning business in the Oil & Gas and Petrochemical sector is all about communication. As a prerequisite, that requests talented and well trained people, but more importantly it requires a Team with the capability to catch up the global process of decision and then to anticipate on the next steps. Regardless of the competence of […]
Read
