Contract clauses in EPC oil and gas projects : a case study of the Pearl Development Project | |
| Author | Nguyen Van Diep |
| Call Number | AIT Proj no.CM-08-18 |
| Subject(s) | Offshore outsourcing Offshore oil industry Offshore gas industry |
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of professional Master of Project Management |
| Publisher | Asian Institute of Technology |
| Abstract | Nowadays, the EPC contract is very wide applied in oil and gas industry in this Region for developing an oil & gas field project, this EPC contract is as a "fast track" tool to reduce the project duration. In order to execute this kind of contract successfully in term of the benefit for all involved parties, it is necessary to focus on some key factors that shall be affected on the project during execution phase i.e. contract terms and conditions clauses. Therefore, understanding and interpreting the application of term and condition clauses clearly in EPC contract will help the project to be executed and monitored by using the proper manning level in accordance with project specification and the project will be achieved its goals without the minimized disputations and conflicts happening. This study will also discuss on the advantages and disadvantages of EPC contract from both Contractor and Project Company's point of view and how to manage the EPC contract in accordance with term and condition clauses stipulated in the signed contract documents; how to resolve problems by understanding the contract clauses. However, the improvement of some major clauses are still needed in order to specify and define clearly the duties and responsibilities as well as obligations of involved parties to minimize the conflicts, interfaces, risks and disputes that can be happened during the project execution phase |
| Year | 2008 |
| Type | Project |
| School | School of Engineering and Technology (SET) |
| Department | Department of Civil and Infrastucture Engineering (DCIE) |
| Academic Program/FoS | Construction Engineering and Infrastructure Management (CM) |
| Chairperson(s) | Hadikusumo, B.H.W.; |
| Examination Committee(s) | Chotchai Charoenngam; |
| Scholarship Donor(s) | PetroVietnam Oil & Gas National Group; |
| Degree | Project (M. Eng.) - Asian Institute of Technology, 2008 |