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EPC Contracts for Offshore Oil & Gas
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About the Course
Engineering, Procurement and Construction (EPC) Contracts, referred to as turnkey contracts are a common form of contract used to undertake construction works in the offshore oil & gas sector. Due to the flexibility, certainty and value that it gives to both lenders and sponsors, it remains the pre-eminent form of construction contract on large-scale oil & gas projects in many jurisdictions.
EPC Contracts for Offshore Oil & Gas introduces participants to various types of EPC Contracts, explanation of a typical lump-sum turnkey contract and its implications and challenges. The course also details structuring of EPC contracts and managing inherent risks associated with them.
Addressing issues specific to the oil & gas sector, this interactive programme will give substantial time to case studies and peer discussions. The simulation of a real-life EPC contract negotiation involving interactive role play by the participants will enable attendees to apply the understanding and knowledge gained at the course. The dynamics involved in the negotiations would help participants gain practical insights into managing the unique risks involved in an EPC contract in the offshore oil & gas industry.
Key Learning Outcomes
- Get an appreciation of the various types of EPC Contracts used in the offshore oil and gas industry
- Appreciate the influence of project specifications on your contract strategy
- EPC / EPCM / EPCIC – what impacts the methodology adopted?
- Understand a typical lump-sum turnkey contract for offshore operations, its implications and challenges
- Structure bankable EPC contracts to manage risks in offshore oil & gas projects
- Learn negotiation strategies for effective EPC contracts
- Assess risks in EPC contracts unique to the oil & gas sector, and employ appropriate risk management strategies to manage them
Who Should Attend
Benefit from this highly interactive course with substantial time given to analyse case studies and open discussions. Representatives involved in handling EPC contracts for the offshore oil and gas industry will benefit from this course including:
- EPC Engineers
- Technical Directors
- Procurement Managers
- Contract Managers
- Project Managers
- Legal Counsel
- Consultants and Lawyers
- Contractors
This masterclass includes group activities, case studies, and a practical exercise on EPC contract negotiation.
Course Director
Primila Edward is an acknowledged industry expert with over 20 years experience in EPC contract administration and management. She is a Senior Legal Consultant to Straits Consulting Group and serves as the President of the Malaysian Corporate Counsel Association.
