You can also check out my YouTube Video on EPC (mostly the same content):

https://youtu.be/1vUbDdzuqKs

Lesson Summary

In this video, the focus is on explaining EPC (Engineering, Procurement, and Construction) companies and how they operate within various industries such as oil and gas, petrochemicals, power generation, and more. The key points covered include:

• EPC is a private delivery model where the contractor is responsible for the entire project from inception to completion.
• The three main aspects of EPC are engineering, procurement, and construction.
• Engineering:
  • Includes basic and detailed engineering stages, developing diagrams, safety considerations, and involvement of various engineering disciplines.
  • Can be in-house or handled by the EPC company.
• Procurement:
  • Involves acquiring materials, equipment, and services necessary for construction.
  • An essential aspect requiring expertise to save time and resources.
• Construction:
  • Covers the physical building of the plant, installation of equipment, and handing over the completed project to the client.
• The advantages of hiring an EPC company include single point responsibility, expertise, and risk mitigation.
• Common ABC companies in the industry are listed such as Fluor Corporation, Bechtel Group, and Jacobs Engineering Group.
• There is a distinction between ABC companies, operating companies (e.g., Exxon Mobil), and service companies (e.g., Halliburton) in terms of focus and services.

Understanding EPC companies is essential for process engineers for managing chemical plant projects effectively and comprehensively. The involvement of EPC companies in the engineering, construction, and commissioning stages provides insights into how chemical processes are executed, benefiting engineers working in the industry.