FEEDs

youfoolishboy
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FEEDs

Postby youfoolishboy » December 13th, 2016, 7:38 am

A bit of anecdotal for you.
I have been chatting to a few mates and it would appear there is a load of FEED and pre FEED work coming to London. Genesis are rumored to have landed a few and a friend in a FEED specialist company tells me work is picking up there as well, looks like oil companies are starting to test the water.

FredBloggs
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Re: FEEDs

Postby FredBloggs » December 13th, 2016, 8:19 am

Really? It still looks like a grave yard from where I'm viewing it, but admittedly I am in Seoul.

dspp
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Re: FEEDs

Postby dspp » December 13th, 2016, 1:31 pm

yfb - thanks - so do you feel like topping up AMFW on the basis of this ? regards, dspp

youfoolishboy
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Re: FEEDs

Postby youfoolishboy » December 13th, 2016, 4:39 pm

The FEEDs and pre FEEDs can easily not turn into design jobs. AMEC/FW are not good a FEED work so not expecting them to get any of that work. So its just a bet on the oil price. If it continues to rise the FEEDs will become design projects if not they go onto the shelf. I am currently working on the design of plant that comes from a 20 year old FEED and it shows! The thing to take from the rise of FEEDs is there is confidence coming to the market which was not present last year but that could easily be shattered from the price of oil falling. Green shoots can easily be trampled.

youfoolishboy
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Re: FEEDs

Postby youfoolishboy » December 13th, 2016, 4:43 pm

FredBloggs wrote:Really? It still looks like a grave yard from where I'm viewing it, but admittedly I am in Seoul.


Most FEEDs are still done in the West from what I know as the clients want a decent set of P&IDs to start the bidding on so Seoul is probably going to stay quiet till the design bids are required.

Instep
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Re: FEEDs

Postby Instep » December 13th, 2016, 5:41 pm

youfoolishboy wrote:Most FEEDs are still done in the West from what I know as the clients want a decent set of P&IDs to start the bidding on so Seoul is probably going to stay quiet till the design bids are required.

epcengineer.com wrote: FEED stands for Front End Engineering Design. The FEED is basic engineering which comes after the Conceptual design or Feasibility study.

https://www.epcengineer.com/definition/ ... ing-design
Useful background. Thanks.
Just had to look it up for the benefit of other lurkers. ;)

Instep

youfoolishboy
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Re: FEEDs

Postby youfoolishboy » December 13th, 2016, 5:59 pm

Soz I am so used to the abbreviations.
P&IDs are the Piping & Instrumentation Diagrams basically the plans for any project. They are what the design is based on. They are constantly revised as problems are found and the design is honed. The set produced from a FEED should be mainly right and from these the cost of the job can be reasonably scoped.

Instep
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Re: FEEDs

Postby Instep » December 13th, 2016, 7:23 pm

youfoolishboy wrote:Soz I am so used to the abbreviations.
P&IDs are the Piping & Instrumentation Diagrams basically the plans for any project. They are what the design is based on.
It's coming back to me now. I did my first contract job with Foster Wheeler a very long time ago.
Cheers.

youfoolishboy
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Re: FEEDs

Postby youfoolishboy » December 13th, 2016, 9:34 pm

my first staff role was FW what discipline are you? I am C&I we may have shared an office.

FredBloggs
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Re: FEEDs

Postby FredBloggs » December 14th, 2016, 12:15 am

youfoolishboy wrote:
FredBloggs wrote:Really? It still looks like a grave yard from where I'm viewing it, but admittedly I am in Seoul.


Most FEEDs are still done in the West from what I know as the clients want a decent set of P&IDs to start the bidding on so Seoul is probably going to stay quiet till the design bids are required.
Yes, I know. I'm only in Seoul while the UK is dead in the water though.

FredBloggs
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Re: FEEDs

Postby FredBloggs » December 14th, 2016, 12:17 am

dspp wrote:yfb - thanks - so do you feel like topping up AMFW on the basis of this ? regards, dspp
Yes, I need to take a look again but a week or two ago AMFW was looking very attractive, I thought.

youfoolishboy
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Re: FEEDs

Postby youfoolishboy » December 14th, 2016, 7:20 am

FredBloggs wrote:
youfoolishboy wrote:
FredBloggs wrote:Really? It still looks like a grave yard from where I'm viewing it, but admittedly I am in Seoul.


Most FEEDs are still done in the West from what I know as the clients want a decent set of P&IDs to start the bidding on so Seoul is probably going to stay quiet till the design bids are required.
Yes, I know. I'm only in Seoul while the UK is dead in the water though.


I am in Italy got lucky this downturn last time it was mainly unemployed with some work in sunny Grangemouth!
My luck is running out though I am rapidly approaching a time when I need to decide if I am going to goto the Middle East on this project and a dry state at that.
Seoul must be good though if you have not got family back home in UK.

FredBloggs
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Re: FEEDs

Postby FredBloggs » December 14th, 2016, 8:26 am

youfoolishboy wrote:
FredBloggs wrote:
youfoolishboy wrote:
Most FEEDs are still done in the West from what I know as the clients want a decent set of P&IDs to start the bidding on so Seoul is probably going to stay quiet till the design bids are required.
Yes, I know. I'm only in Seoul while the UK is dead in the water though.


I am in Italy got lucky this downturn last time it was mainly unemployed with some work in sunny Grangemouth!
My luck is running out though I am rapidly approaching a time when I need to decide if I am going to goto the Middle East on this project and a dry state at that.
Seoul must be good though if you have not got family back home in UK.
Which project? (By PM if you don't want that to be public).

youfoolishboy
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Re: FEEDs

Postby youfoolishboy » December 14th, 2016, 10:32 pm

Fred u got mail

dspp
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Re: FEEDs

Postby dspp » December 15th, 2016, 10:03 am

A Dubai based design engineer in O&G confirmed an uptick in front end activity to me FWIW, regards, dspp

FredBloggs
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Re: FEEDs

Postby FredBloggs » December 15th, 2016, 10:04 am

dspp wrote:A Dubai based design engineer in O&G confirmed an uptick in front end activity to me FWIW, regards, dspp

Hmmm, good news.

youfoolishboy
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Re: FEEDs

Postby youfoolishboy » December 17th, 2016, 10:10 am

FW must have put in a low price they have won 2 FEEDs for the Reading office I heard. Certainly all go just now the rising oil price is triggering a lot of activity.

FredBloggs
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Re: FEEDs

Postby FredBloggs » December 17th, 2016, 11:52 am

youfoolishboy wrote:FW must have put in a low price they have won 2 FEEDs for the Reading office I heard. Certainly all go just now the rising oil price is triggering a lot of activity.

Excellent news. may not do much for the contracting market just yet, there'll be too many under utilised staff guys there at the moment. Do you know what projects have rolled into FW then? Even better, I just bought a chunk of AMFW last Thursday morning on account of the strengthening O&G market.

youfoolishboy
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Joined: November 4th, 2016, 11:35 am

Re: FEEDs

Postby youfoolishboy » December 17th, 2016, 2:01 pm

No, don't know the names of them only that they are big ones. I am suspecting that they will try and do it with cheap overseas engineers and have a few overworked staffies in the Reading office to continuously reject the work till they get it right that way it can be called a UK project. I suspect they will not be making a massive profit on those jobs as they will have had a lot of competition bidding for them keeping them lean. Personally I cannot get myself to buy AMEC/FW I know them too well from working for them both and as the new company. If this is genuinely the turning point in the cycle then they are a good buy but I feel betting on BP and Shell is more of a safe bet just now than the contractors.

FredBloggs
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Re: FEEDs

Postby FredBloggs » December 18th, 2016, 1:15 am

Thanks for the perspective. If you can't beat them, join them, that's why I'm in Seoul. And the Korean company is doing most of the design work in Mumbai too. Once the projects start coming through, it is a rising tide that will raise all ships. With a pick up in O&G and an increase in nuclear work (AMEC have fingers in all the nuclear pies) I think there is a 2 to 3x possibility for AMFW over the next five years. (But usually, I'm wrong).


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