1 AIT Asian Institute of Technology

Owner's EPCI contract management for oil and gas development projects : a case study of the Vietnam oil and gas project

AuthorTran Dang Thuyet
Call NumberAIT Proj. no.CM-09-25
Subject(s)Construction contracts--Vietnam

NoteA thesis submited partial fulfillment of the requirments for the degree of Professional Master of Project Managemnt
PublisherAsian Institute of Technology
Series StatementProject ; no. CM-09-25
AbstractThe primary consideration in the procurement of Oil and Gas Development projects is the need to obtain best value for money in the whole life of the service or facility. The design and operation of the facility should maximize the delivery of effective required services; this is most likely to be achieved through integration of the design, construction, operation and ongoing maintenance. Engineering, Procurement and Construction, Installation (EPCI) Contracts are a common form of contract used to undertake construct ion works by the private sector on large scale and complex oil and gas projects. Under an EPCI Contract a contractor is obliged to deliver a complete facility to a developer who need only 'turn a key' to start operating the facility, hence EPCI Contracts are sometimes called turnkey construction contracts. In addition to delivering a complete facility, the contractor must deliver that facility for a guaranteed price by a guaranteed date and it must perform to the specified level. Failure to comply with any requirements will usually result in the contractor incurring monetary liabilities. However, EPCI contracts for Oil and Gas Development project have has a poor track record recently. As owners, Oil and Gas Companies want facilities delivered on time, on budget, with high quality. For various reasons, contractors rarely reach performance goals set by the owner. It is timely to examine EPCI Contracts and their use on oil and gas Projects and the problems impact to the Owner of the contract. In th is study, the author focus on Owner’s EPCI Contract Management in order to find out the causes of problems occur and impact to the Owner Contract Management and also to find out the factors causing un-success and inefficiency of the owner’s EPCI Contract Management and through that, propose recommendations of solutions enabling the Owners of Oil and Gas project perform their EPCI Contract Management more effectively and successfully
Year2009
Corresponding Series Added EntryAsian Institute of Technology. Project ; no. CM-09-25
TypeProject
SchoolSchool of Engineering and Technology (SET)
DepartmentDepartment of Civil and Infrastucture Engineering (DCIE)
Academic Program/FoSConstruction Engineering and Infrastructure Management (CM)
Chairperson(s)Chotchai Charoenngam ;Santi Charoennganpompattana;
Examination Committee(s)Chiu, Grey ;Hadikusumo, B. H. W.;
DegreeProject (M. Eng.) - Asian Institute of Technology, 2009


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