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Understanding Contractor Costing in EPC Contracts

Estimated reading time: 4 minutes     As global demand for power generation continues to grow, there is a growing shift in both the pricing and costing methodologies employed by turnkey contractors. This is largely due to the client or owner wishing to ensure that all (or most) of the risk exposure is to be…

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Industry Petroleum Oilfield Pump Jack Fuel Oil

Estimated reading time: 5 minutes   A PSC (Production Sharing Contract), or PSA (Production Sharing Agreement), creates a contractual relationship between an IOC (International Oil Companies) and the host country, authorising the IOC to explore for and exploit hydrocarbons in a defined area and for a defined period. By┬ádefinition, a PSC is a contract between…

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