Oil and Gas Production: The Blueprint For EPC Success In 5 Easy Steps - Megaprojects Oman

We respect your privacy, by submitting this form you agree to having your details passed onto the sponsor who may promote similar products and services related to your area of interest. For further information on how we process and monitor your personal data click here.

Oil and Gas Production Content Series

Although the current trend in investment offers many opportunities to EPC contractors, there are plenty of challenges that must be addressed whilst executing these large-scale projects, foremost of which is the rate of failure experienced by such initiatives.

Right from the bidding process until the commissioning stage, EPC contractors have to find a way to overcome the risks and difficulties in order to meet tight deadlines and budgets.

Ed Merrow, president of research firm Independent Project Analysis (IPA) and author of Industrial Megaprojects - Concepts, Strategies, and Practices for Success, outlines that megaprojects around the world have a failure rate of a mind-boggling 65 per cent.

In this piece, we take a look at how companies that embark on these gargantuan undertakings can increase their likelihood of success by focusing on five key principles.


  Have Your Say
Rate this feature and give us your feedback in the comments section below