Teav LLC Industrial Project Services L.L.C
Projects EPCs/EPC+Fs are vital for all Type of Fields. Construction, process and infrastructure sectors’ organizations. They can assist the potential providers to maximize profits, avoid mistakes and take advantage of what the market is doing at the time, rather than being a victim of that market. An EPC entity is one that will always be in demand as long as the energy market exists. With the growing dependence on Variety of needs that is created by modern technology, the need for Integration service provider companies has never been higher.
We are fully and confidently capable of defining, executing and operating any phase & field to any type of developments. Using lean, empowered, multi-disciplined teams to successfully define and execute projects for our clients, with successful technical and economical solutions. Where relevant and requested by clients, our cost model incentivizes for early delivery and is not purely man-hour based.
Our team of operations experts advise and support in the successful operation and improvement of facilities, assisting clients to achieve top quartile, safe operations and production efficiency.
Our team has significant operator as well as industry experience. Our experience comes from a variety of different operators, disciplines and geographies. This means, we see and understand the silos that can exist in our clients’ organizations, subsequently, we have a deep understanding of the issues and risks this brings. By working across the technical disciplines and taking a holistic view, we don’t just identify the risks but work to solve or remove them.
We pride ourselves in understanding our clients’ needs. We work with them and provide pragmatic solutions that are tailored to each individual client’s requirements. We appreciate that issues are rarely one dimensional and are usually an accumulation of smaller problems across several departments and disciplines. Our experience and expertise allow us to identify and resolve the combination of issues quickly and efficiently.
In addition to the above, our technical expertise proven to be in compliance with understanding, identifying and reducing the risk on projects, helping to unlock potential on marginal and isolated fields and reduce the financial exposure on larger developments.
We believe the future of any type of successful Organization can be categorized as below:
The relentless pace of change puts a premium on the ability to adapt quickly to changing conditions—in other words, to be agile. In our view, agility combines two distinct concepts: dynamic capabilities, such as the ability to rapidly form cross-functional teams and reprioritize tasks to adapt quickly, and a stable backbone of core value-adding processes and cultural norms that provide resilience, reliability, and relentless efficiency.
While many companies tend to think they must make a trade-off between dynamism and stability, our research shows that agile organizations master both at the same time. This is not a simple transition, however.
Organizations have been digitizing for decades, but the digital revolution is still only just beginning. Within a few years, the Internet of Things will consist of more than a trillion sensors that generate and share data. Artificial intelligence and machine learning are no longer science fiction, and human–machine interaction is becoming ever more frequent. These innovations are about to change the way oil and gas companies work in three substantial ways:
A step change in safety and productivity will result from digitizing both technical and nontechnical work in a way that automates 60 to 90 percent of routine manual activity while identifying true best practices. This means better safety both because fewer people will be at risk and because automation is reducing the risk of human error. It also means great improvements in workforce productivity. For instance, we managed to assist an engineering, procurement, and construction (EPC) firm to be able to use advanced analytics to sift through thousands of capital projects and subsequently, discovered a few simple practices that improved engineering productivity by more than 20 percent.
For the insurance policy by an Insurance company, in case of need, we will have to negotiate with the following Insurance Companies:
We also capable to undertake the execution of complete projects on EP+F or EPC+F+M base through a Joint Venture collaboration with our European Partners as well-known EPC companies, in different aspects of the projects as follows:
Our Engineering and Construction partners (on a Joint Venture agreement) will sign a contract with the Client and carry out the entire project on the EPC+F+M Model of cooperation. General conditions of the finance procedure and the executional phases are the same as Equipment Finance as above.
The whole process of Finance operation and the interrelations between the Joint Venture partners and the project Client will be coordinated and managed by us. The Management of this business has to be under our full control as it has the key role in coordination of the EPC+F affairs of the Project including procurement of the Materials and Equipment, negotiation with the Engineering and Construction Partners, Providing Finance, Insurance companies, transportation, etc. We will be the Management head of this JV cooperation.
For EU:
For maximum control of the business process and keep all related activities legal, we have to follow and take all exporting and commercial regulations of European Union (EU) into consideration at the same time by 50% of Finance Volume. Accordingly, the Materials and Equipment that are going to be supplied should be within the EU Rules and Regulations.
Any one of these ideas would have far-reaching implications for oil and gas organizations. However, many of them could be self-reinforcing. For instance, as oil and gas companies adopt a more agile way of working, they could become magnets for top millennial talent; millennials will accelerate the adoption of digital technologies, which could facilitate the dismantling of large corporate centers, which in turn allows for an even more agile workplace. The pace of change is increasing on many fronts. Although it’s hard to predict where the industry will land, one thing is clear: oil and gas companies that are quick to equip their organizations for a new world will find themselves well ahead of their peers.