The market for oil and gas engineering, procurement and construction (EPC) projects in the Gulf is still rife in spite of the global financial downturn. Nevertheless, it requires both contractors and clients to work out realistic solutions to adapt to unforeseen market conditions.
This meeting offers a much-needed platform for top national oil company (NOC) executives and engineering, procurement and construction (EPC) contractors to re-evaluate their relationships in an extremely volatile economic environment.
This exercise in focused communication will lead to a better understanding of each other’s viewpoints and expectations on issues of common interest such as:
Alternative contract models
Materials and labour pricing
Shortage of skilled manpower
Project risk management
Safety and security during development and construction
Organisational impact of a rapidly changing contracting environment.
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