A typical process plant or oil and gas project comprise of many stages from concept to commissioning and production plant.
A work flow diagram of an EPC project is shown here. Click Here
A typical process project can be broadly divided into two major phases.
Project planning is the very basic engineering activity carried out to plan, forecast and analysis of cost, feasibility, material requirements, procurement and award of contract. This phase is also called basic engineering phase.
A schematic block diagram of project planning and the activities involved is shown on the right side.(move cursor over the image to zoom)
Project execution involves designing ,detailing and construction of the plant till final commissioning , start up and handover to the client. This phase is also called the detail engineering phase.
A schematic block diagram of project execution and the activities involved is shown on the right side.(move cursor over the image to zoom)
What is a Project?
A project is a temporary effort to create a unique product or service. Projects usually include constraints and risks regarding cost, schedule or performance outcome. Project management is a set of principles, practices, and techniques applied to lead project teams and control project schedule, cost, and performance risks to result in customers.
Oil & Gas industry or process industry opt for EPC contracts for most of their projects.
Main types of contracts are