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Smart and Fair Contract (Win-Win Solution for Offshore Plant Business)

Smart and Fair Contract (Win-Win Solution for Offshore Plant Business). By Dr. Daniel C.S. Ahn. Distinguished Professor of KAIST Professor Emeritus of Korea Maritime University Chairman/CEO of OPT(Offshore Plant Technology Service) Advisor of Samsung Engineering Company . Contents.

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Smart and Fair Contract (Win-Win Solution for Offshore Plant Business)

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  1. Smart and Fair Contract (Win-Win Solution for Offshore Plant Business) By Dr. Daniel C.S. Ahn Distinguished Professor of KAIST Professor Emeritus of Korea Maritime University Chairman/CEO of OPT(Offshore Plant Technology Service) Advisor of Samsung Engineering Company

  2. Contents • Market Generals • Offshore Business and Contract Management • Fixed Platform (Samugel & EXXON Heritage) • Drilling Rig (Jack up, semi, Ship) • Production (Fixed, FPSO,FLNG) • Super FPSO Construction (Large Oil field) • FPSO Lease Business (Marginal Field) • Conclusion (Economic Alliance)

  3. Offshore Contract Management • Tough Offshore Environment. • Ship Building-> Shipping Co -> (Operation)-> • Problems (Ship Repair yard) -> Easy. • Offshore Fablication -> -> Operation -> • (25 some year) • Problems (disasters) • Oil Company • very strict in Quality & Safety • Contract (dictated by oil company • weak voice of contractor) Transport Installation Commission

  4. Offshore Business Lumpsum contract -> ±approx 25% change(Variation) order Bidding -> Short list -->contract -> Project Execution -> Delivery signing (Profitable contractor has strong voice) ENGINEERING Phase: most important (Spec ,Schedule, PM) (Better Keep) (Contractor weak voice) (both owner and contractor Work together) Beforesigning When insist Fairness? before signing Repeated order -> preferred EPC contractor by Major Oil co. Win Win solution (Smart & Fair contract)

  5. Semi-Submersible Drilling Units “Deepwater Nautilus” Topside & Hull Integration - SUPER LIFTING

  6. Super FPSO Construction Business (Large Oil Field) Range: 200,000BPD, 2M BBL Storage ±20% Back Log Orders: 33 • EXXON KIZOMBA A&B -> Close Coordination-> Ahead of ->Profitable-> Win-Win Contract • (Among O.C.E) Schedule Bonus • Total USAN Standardization • Repeat Order • BP Plutonio -> Unit order Contract -> Keep Schedule -> Even -> So & So • AKPO -> Keep Changing E -> Schedule Delay -> C Strain-> Final O.K • C.O (40->46M) • Conclusion: With little more Time & Money by MOC -> Clear Feed E & Detail E • -> C.Keep Schedule Project -> Win-Win All

  7. Win-Win For Super FPSO Construction Client MOC (Spend Little More Time &Money) Fair Contract Keep Cost & Delivery Schedule (Bonus) B&D. Engineering L.L.E Construction Contractor F Engineering -> Least Variation Standardization Range: 200,000 BPD ±20% 2M BBL Storage

  8. Win-Win For FPSO Lease Business Client NOC, IOC Lease/Hire No Cost Overrun Deliver Quality Product Fair Contract Operator Contractor Conversion or New Building Sub Contractors Hull,Topside,Mooring Ship yard, Engineering Co Shipping Co. O & M F. Engineering 1, Relax Qualification(O&M Experience) 2, Clean F. Engineering 3. Standardization Installation Subcontractors • Range ±20%: 50,000BPD, 600,000 BBL Storage • Range ±20%: 80,000BPD, 1M BBL Storage

  9. Conclusion Win - Win Solution -> “Economic Alliance” of all the parties involved, Especially between Oil Company and EPC Contractors

  10. 해양플랜트 성공담 및 관련서적 출판

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