Integrating Cloud in Engineering, Procurement and Construction Contract

Abstract

Engineering, Procurement, and Construction Contract is a project delivery method in the oil and gas industry. However, the complexity of Engineering, Procurement and Construction projects inevitably leads to issues of project management, risk and technical to occur. Therefore, oil and gas players demand a course of action in minimizing the issues arise in this project. Digitalization in the oil and gas trade indeed offers benefits in the upstream value chain of exploration, development, and production, which Engineering, Procurement and Construction projects take place. Oil and gas companies had been focusing too much on digitizing technical work until the non-technical aspect has been abandoned. Therefore, this study presents and discusses the issues in Engineering, Procurement and Construction contract specifically in the Malaysian oil and gas industry. This is a descriptive study and the methodology used is essentially based on the review of the literature in relation to Engineering, Procurement and Construction contract and the findings of a pilot study in relation to Engineering, Procurement and Construction contract and cloud computing. The analysis revealed that the characteristics of cloud computing in relation to the adoption of Engineering, Procurement and Construction contract helps in empowering collaboration among stakeholders, allow oil and gas companies work highly automated, improve the performance of upstream oil and gas industry, improve speed and minimize financial risks, delayed in schedule as well as improving the quality of the project.