Analysis of the CSPC nanhai petrochemical project management contract
Analysis of the CSPC nanhai petrochemical project management contract
Introduction
In recent years, with the improvement of China's macroeconomic environment, professional project management contract (PMC) got great development.Many companies have engaged in relevant project management of a wide variety projects throughout all over the world.
CSPC nanhai petrochemical project mainly including utilities, auxiliary facilities and the port, wharf, railway construction and other facilities. This project adopt the internationally used PMC model.Bechtel U.S. Company and Sinopec Engineer- ing Institute (SEI) form a consortium (abbreviated BS), as a representative of the project management contractor for the owner for the entire management of engineering construction
One of the central purposes of this paper is to introduce the CSPC nanhai petrochemical projecet managemet contract. The second major purpose of my paper is to contrast the different between Chinese contractors and the United States Contractors.
Project Background
Nanhai petrochemical project is building the joint venture by the China National Offshore Oil Corporation(CNOOC) and Royal Dutch Shell Plc(RDSA), ,the joint venture established in huizhou, guangdong province. This is by far one of the largest foreign investment projects in China, with a total investment of 4.3 billion dollars.The foreign investment is the Royal Dutch Shell group, accounting for 50% of the shares; Chinese investors is the CNOOC of 50% stake. The project by the management contractor BS to engineering project planning, capital allocation, the whole process of project schedule, engineering quality and safety management. Bechtel is the one who has a one hundred - year - old family business. Since its establishment, has been in the seven continents 140 countries and regions in 20000 building engineering construction. Existing staff of 41000 people, 2000 revenue of 14.3 billiondollars. China Sinopec Engineering Institute(SEI) which
Introduction
In recent years, with the improvement of China's macroeconomic environment, professional project management contract (PMC) got great development.Many companies have engaged in relevant project management of a wide variety projects throughout all over the world.
CSPC nanhai petrochemical project mainly including utilities, auxiliary facilities and the port, wharf, railway construction and other facilities. This project adopt the internationally used PMC model.Bechtel U.S. Company and Sinopec Engineer- ing Institute (SEI) form a consortium (abbreviated BS), as a representative of the project management contractor for the owner for the entire management of engineering construction
One of the central purposes of this paper is to introduce the CSPC nanhai petrochemical projecet managemet contract. The second major purpose of my paper is to contrast the different between Chinese contractors and the United States Contractors.
Project Background
Nanhai petrochemical project is building the joint venture by the China National Offshore Oil Corporation(CNOOC) and Royal Dutch Shell Plc(RDSA), ,the joint venture established in huizhou, guangdong province. This is by far one of the largest foreign investment projects in China, with a total investment of 4.3 billion dollars.The foreign investment is the Royal Dutch Shell group, accounting for 50% of the shares; Chinese investors is the CNOOC of 50% stake. The project by the management contractor BS to engineering project planning, capital allocation, the whole process of project schedule, engineering quality and safety management. Bechtel is the one who has a one hundred - year - old family business. Since its establishment, has been in the seven continents 140 countries and regions in 20000 building engineering construction. Existing staff of 41000 people, 2000 revenue of 14.3 billiondollars. China Sinopec Engineering Institute(SEI) which