Global EPC Experts to Discuss Different Contracting Strategies in Oil, Gas and Petrochemical Sector in Oman

MUSCAT, Oman, February 19, 2014 /PRNewswire/ --

Over 60 international oil, gas and petrochemical industry experts will join key representatives from the Ministry of Oil and Gas, Petroleum Development Oman, at the third annual Oman EPC Projects Summit between 9 - 12 March 2014 at Crowne Plaza Hotel Muscat.

The third annual 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 (HQCEC) - subsidiary of China National Petroleum Corporation (CNPC), Maire Tecnimont, CH2M HILL, Saipem, Reliance Engineering Group, SNC Lavalin Arabia, Kentz Engineering International, Technip, Foster Wheeler, Galfar Engineering & Contracting, Cylingas Company LLC - a subsidiary of Emirates National Oil Company Ltd (ENOC) and many more.

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 present about their perspectives about EPC contracts and their experience in working on mega EPC projects and with other stakeholders.

When asked about the quality management in EPC projects, Mohamed Daoud, Manager Projects Quality, Engineering and Major Projects at ADCO remarked, "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 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. 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.

The sponsors and exhibiting companies include Voltamp, Qahwan Global Projects, Nihon Koso Co Ltd, Rockwell Automation, Pipe & Well Operations and Maintenance Services Co, United Engineering Services LLC, Kerui Group, MUC Oil & Gas Engineering Consultancy, Oman Cables Industry, Rexel International Projects Group and GT&T.

For more information visit: http://bit.ly/1nFJPAW

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SOURCE IQPC