I enjoy researching this stuff. Here is a nice summary -Then the...

I enjoy researching this stuff. Here is a nice summary -

Then the project moves on to the Front End Engineering and Design (FEED) This is the phase after the feasibility study and gives the basic design of the project, outlining in details the technical and financial options reviewed in the feasibility study. The FEED examines the technical requirements and provides a rough estimate of the overall project costs and the costs of each phase. In the FEED stage, project partners need to ensure that they have addressed any potential risks to the project and that the work on FEED will have extensive analysis and detailed data and information that would inform the Final Investment Decision.In the FEED phase, project owners and operators communicate with the engineering contractor to decide which technical and engineering options are the best to use in the project.For massive oil and gas projects, FEED contracts typically take around a year to complete.FEED is one of the crucial stages in project implementation before the FID. The activities during the FEED phase are very important for ensuring a positive FID and the subsequent successful execution and start-up of a project