“Offshore” originally meant islands in the open sea belonging to a country. The term “offshore” means “off the coast”. In oil and gas extraction, “offshore” refers to the development of oil fields and natural gas deposits under the ocean.
In the wind energy sector, “offshore wind farms” generate energy with windmills installed in coastal waters. Since the energy turnaround, the term “offshore” in Germany is frequently used for energy generation by means of wind power plants.
For crude oil and natural gas exploration and production using offshore platforms, many natural gas and crude oil extraction companies engage special service providers (companyman) with in-depth exploration know-how and years of practical experience for the efficient management of regulations and processes as well as cost reduction.
EDP Solutions is an experienced service provider, supporting companies in the oil industry with the development of offshore deposits as well as oil and gas extraction through efficient project management.
A power station (also referred to as a generating station, power plant, powerhouse, or generating plant) is an industrial facility for the generation of electric power. Most power stations contain one or more generators, a rotating machine that converts mechanical power into electrical power. The relative motion between a magnetic field and a conductor creates an electrical current.
The energy source harnessed to turn the generator varies widely. Most power stations in the world burn fossil fuels such as coal, oil, and natural gas to generate electricity. Others use nuclear power, but there is an increasing use of cleaner renewable sources such as solar, wind, wave and hydroelectric.
As drilling operations move into challenging new onshore and
offshore frontiers, HAESEUNG HITECH is committed to serving the Petroleum industry as a complete supply chain solutions provider.
The Oil and Gas industry has particular demands for steel products
used in the construction of complex infrastructures and foundational
platforms including fixed, floating, compliant type, Normally Unmanned
Installations (NUI) and conductor support systems.
The steel industry plays an essential industrial role, forming the basis for many other industries. Given its economic importance, POSCO E&C has enhanced the competitiveness of the Korean steel industry through its excellent technological capabilities. POSCO E&C has shown outstanding results in business projects not only in Korea, but also all over the world, thanks to its advanced technologies, including the plant engineering expertise accumulated by the construction of POSCO’s Pohang and Gwangyang integrated steelworks, as well as the FINEX process, an innovative technology of the steel industry.
As the only EPC total solution provider for steel plants in the world, we are working on increasing/improving our status in the global market by performing overseas mega projects, such as Brazilian CSP steelworks project, the second largest project order as a single plant project performed by a Korean construction company.
“Engineering, Procurement, and Construction” (EPC) is a particular form of contracting arrangement used in some industries where the EPC Contractor is made responsible for all the activities from design, procurement, construction, to commissioning and handover of the project to the End-User or Owner. This form of contract is covered by FIDIC Silver book containing the title words “EPC/Turnkey“. Other abbreviations used for this type of contract is “LSTK” for “Lump Sum Turn Key“, and some times also “EPCC” which is short for “Engineering, Procurement, Construction and Commissioning“. Use of EPC is common e.g. by FIDIC and most Gulf Countries. Use of LSTK is common in Kingdom of Saudi Arabia. Use of EPCC is common in Qatar and some other countries e.g. by Qatar Petrolem. Therefore an EPC, LSTK or EPCC are all same types of contracts a typical well known example of which is the Silver Book of FIDIC.
“Engineering, Procurement, and Construction Management” (EPCM) is a special form of contracting arrangement for some projects within the infrastructure, mining, resources and energy industries. In an EPCM arrangement, the client selects a contractor who provides “management services” for the whole project on behalf of the client. The EPCM contractor coordinates all design, procurement and construction work and ensures that the whole project is completed as required and in time. The EPCM contractor may or may not undertake actual site work. Difference between EPC and EPCM are clarified by following statement by Jonathan Hosie in the cited paper: