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      EPC, EPCM, & EPIC Contracts in the International Petroleum Industry: Istanbul in Istanbul


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      September 16, 2019

      Monday   9:00 AM

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      EVENT DETAILS
      EPC, EPCM, & EPIC Contracts in the International Petroleum Industry: Istanbul

      Course overview As a general rule, the more complex or specialized the work or project, the more likely it is that design, engineering, construction and procurement will be carried out by independent contractors. Even the largest multi-national and State petroleum companies rely upon EPC Contractors with the technical skills and management experience to design build and commission complex developments and projects. Today, there is a trend towards tendering large, full-cycle EPCIC projects, particularly for offshore production. This 4-day training programme on the variations of Engineering Procurement Construction Management and Installation (EPC, EPCM and EPCIC) Contracts that are used in the international petroleum industry. Learning objectives After attending this programme, participants will be able to: Understand the options for the types of agreements used for implementing large-scale petroleum projects. Discuss and apply decision-making criteria in tendering for EPC, EPCM and EPIC contracts. Understand the various considerations in adopting risk management strategies and the allocation and limitation of liability between Owners and Contractors. Effectively participate in the resolution of disputes that arise during petroleum operations. The course is designed for Contract / Project Engineers Commercial Contract Managers Commercial Operation Teams Procurement supply chain professionals Risk Managers Lawyers and Paralegals Course outline DAY ONE Use of EPC Contracts in the Petroleum Industry Contracting Options & Formats: EPC, EPCM, EPIC & EPCC Project Stages Contract Management: Scope, Schedule & Budget Completion & Handing Over On-going Operations & Maintenance Relationship between Contractors, Operators, JV Participants & NOCs Operator’s Work Program and Development Plan Project Scope, Schedule & Budget Joint Venture Participants National Oil Company Contractor Selection Frontend Engineering & Design Prequalification for Tender: Legal, Technical & Commercial Tender Package Evaluation Exceptions Local Content Requirements Awards Letter of Intent & Letter of Agreement Contract Execution Regulatory Oversight Contract Milestones Issues Performance & Payment Notice to Proceed Mobilisation Progress Reports Completion & Acceptance Invoices Authorization for Variations & Extras Termination or Extension Case Study: Critical Path Schedule & Project Tracking for EPIC DAY TWO Payment Arrangements Lump Sum Turn Key Unit Rates Progress Payments Milestones Bonuses Credit Memos Retention Multi-currency Payments Contract Variations Client Request Contractor Recommendation Upselling Risk & Liability Liquidated Damages Defects Downhole & Subsurface Conditions Environmental Warranties & Indemnities Limitation on Contractor Liability Force Majeure Events: Definition & Exclusions Obligations & Notification Suspension & Contract Extension Termination Case Study: Contract Variation Based on Substitution of Consumables DAY THREE Performance Bonds & Guarantees On-Demand Bonds Parent Company Guarantee Letters of Indemnity Insurance Primary Cover – Contractor’s All-Risk Special Endorsements Political Risk Customs & Immigration Dutiable materials Entry of Non-resident employees Case Study: Adjustment of Delivery Point to Reduce Tax DAY FOUR Tax Considerations Project Package – Service & Supply Delivery & Title Tax Domicile of Contractor Tax Indemnity from Operator Completion Testing & Certification Acceptance Passing Tile & Risk Warranties and Guarantees Intellectual Property Defects Exculpatory Clauses Audit Reimbursable Payments Subcontractors Auditor & Audit Procedure Exceptions & Claims Dispute Resolution Classification of Claims Procedures Communications Between Parties Impact on Relationships Case Study: Alternative Dispute Resolution Review Model EPIC Agreements: Norwegian Fabrication Contract 2007 & LOGIC Construction & Well Services Performance of Work Variations Cancellation & Suspension Delivery & Payment Force Majeure Limitation & Exclusion of Liability Proprietary Rights

      Categories: Business & Networking

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