Study On Risk Management Of Engineering,Procurement And Construction(EPC) Project For L-Oilfield

With the development of global economic integration,a large number of multinational corporations implement the "going out" development strategy with the support of national policies,actively contract overseas large-scale project development projects,and deeply participate in the international energy market competition,which makes the contract amount of China’s overseas contracted projects increase year by year,and the discourse power of overseas project development is constantly improved.At the same time,overseas project contracting mode continues to innovate,and EPC general contracting has gradually become the mainstream trend,providing risk aversion tools for engineering contracting companies and business units,and promoting a good situation of multilateral exchange and cooperation.The external environment of overseas EPC Project is more complex,and the risk factors are constantly changing,which increases the difficulty of risk management.In this paper,L-Oilfield EPC Project is selected as the research object.Through case analysis,expert research and literature study,the current risk environment of the project is sorted out,and a risk identification list covering 24 detailed indicators of 9 categories is formed.Then,various risk factors are quantitatively evaluated based on AHP model,and the weight and evaluation grade of various risk indicators are obtained Risk,political risk and social risk are higher risks,procurement risk,market risk,management risk and technical risk are medium risk,while construction risk and natural risk are low risk.Finally,combined with the risk identification results and evaluation level of L-Oilfield EPC Project,the paper puts forward targeted countermeasures.In response to political risks,priority should be given to the joint venture market development mode with low investment and low risk,and a scientific and perfect risk assessment mechanism should be constructed;as for the response to economic risks,tax planning and financial management should be strengthened and project investment risk assessment should be established In response to social risks,it is necessary to strengthen communication with all parties,build an early warning mechanism for terrorist risk,and form a sound security system;for technical risk response,strengthen the management in the detailed design stage,and increase the technical control of oil exploitation;in response to the procurement risk,strengthen the procurement management and control,and advance in advance To deal with the risk,we should speed up the cultivation of risk management talents and establish the decision-making mechanism of project investment;in response to market risk,we should strengthen the management of oil trading market and implement the development strategy of diversified operation.The purpose of this paper is not only limited to the risk identification and response of L-Oilfield construction EPC Project,but also hope to establish a complete set of risk management process and operation mechanism combined with the characteristics of overseas project contracting,find effective risk control methods,and provide some reference and help for overseas EPC Project risk management.